articles by Archit Gupta

Business

GST returns: How to prepare for new provisional credit rule; wrongful claim of ITC may attract penal provisions

Apart from the 20 percent of eligible ITC which he can claim as provisional credit, the balance tax due will need to be paid in cash.

Business

Puzzled about GST RET, ANX forms? All you need to know about how to file your returns under new, simplified system

Under the new return system, there will be one return form called the GST RET-1/RET-2/RET-3, which will be the main return form, containing details of inward and outward supplies, input tax credit and taxes paid.

Business

Budget 2019 offers no big tax relief to middle-class taxpayer though Narendra Modi sets $5-tn economy vision

As far as the employment generation initiatives are concerned, tax concessions to businesses surrounding, setting up of more workplaces and factories have always been a favoured option to create employment opportunities.

Business

Real estate investment: Homebuyer must look into taxation aspects of rental income, gains from property sale

An individual who has earned long-term capital gains on the sale of real estate can claim an exemption under Section 54 if he reinvests the gain in another property.

Business

Interim Budget brings relief to individual taxpayers; rebate under section 87A hiked to Rs 12,500 for income up to Rs 5 lakh

The Section 87A limit of Rs. 3,50,000 has been hiked to Rs. 5,00,000 to help bring down taxes for those earning up to Rs 5 lakh.

Business

What are the expectations of individual taxpayers on personal tax front?

On a personal front, salaried individuals will hope that the tax slab rate is modified for individual taxpayers

Business

One year of GST: Ten key challenges awaiting the government in the second year of roll out

Bringing petrol, diesel, aviation turbine fuel and natural gas under GST, and getting states to agree to that, will be a daunting task for the Modi government.

Business

What you need to know before filing your income tax return

Taking a look at the various criteria/situations that make return filing mandatory for taxpayers.

Business

Startup India: How fintech companies can help entrepreneurs roll out operations on the right note

Fintech firms are offering value-added services like GST registration and filing, accounting with chartered accountant (CA) support, among others.

Business

Income tax payers: Five things you must do before 31 March to avoid paying additional dues

The month of March has enormous amount of significance as the income tax laws in India has laid down deadlines for various compliances,

Business

E-Way Bill roll-out: Traders now have more time to prepare for new system

E-way bills are electronic way bills generated for movement of goods whether or not supply.

Business

Union Budget 2018: What Finance Minister Arun Jaitley got right and what he missed in his speech

The Budget has come in as a big disappointment for the common man who had pinned high hopes on it

Business

Budget 2018: Here are 7 things govt should do to bring relief to taxpayers

The government is found wanting in bringing about relief to individual taxpayers on lot many fronts.

Business

A budget agenda for common man: Tweak income tax slabs, raise 80C deductions

The government should increase the minimum income threshold limit to Rs 3 lakh for those below 60 years and raise the 80C deductions to Rs 2 lakh