BIG 4 – Shift from an Accounting Firm to a Professional Service conglomerate globally!

The Big 4’s are world’s four largest professional service firms. We can call them as the secret Google, Microsoft, Apple & Amazon of Accounting firms. Their revenues are huge and they have strong entry barriers in their sector. They...

Covid-19: Bankruptcy Dominoes

As on 10th of May 2020, there are around 4.06 million reported cases of coronavirus confirmed all around the globe, costing humanity as many as 280’K lives. And, looking forward it looks like the...

Despite heath crisis, few Startups are still pivoting

"Never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before." Well said by Rahm Emanuel The current situation...

Set off and Carry Forward of Losses under Income Tax 1961

This article focuses on provisions of The Income Tax Act, 1961 and rules made there under relating to Set Off and Carry Forward of Losses. Adjusting of income under one head against the loss under another head is...

Tax Residency- Amendments in Budget 2020 and Impact on NRIs

The Finance Bill introduced alongside the Union Budget 2020 brought about an amendment in Section 6 of IT Act,1961 “Residence in India”, leading to Modification in Residency provisions and impact on NRIs.   The Residential status...

Calculate Interest under section 234A, 234B, 234C of Income Tax Act

Filing of Income Tax Returns and paying taxes are the responsibility of every Indian citizen. Failure in paying the tax or filing the ITR can lead to interest payments. It is in your utmost...

PMT 09- For rectification of GST dues paid under wrong head

CBIC via notification No. 31/2019 dated on 28th June 2019 introduced form PMT-09  to save the registered taxpayers from blockage of business fund that occur during the period of refund application of excess balance in the electronic cash...

GST on E-commerce operators

GST (Goods and Service Tax) has been imposed on supply of goods and services. GST on E-commerce operators remains the same as any other mode of supplies This article is helpful to those who want to...

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