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Cash Deposits made during Demonetization period cannot be taxed as Unexplained Income u/s 69A if sufficient explanation of Source is produced: ITAT

by CA Chinmay Shirish Agate | Mar 13, 2024 | Other

Demonetization period in the Indian economy is considered as one of the most significant event since government had undertaken an important step in curbing out the black money from the Indian market. The demonetization decision came with certain challenges for many...

Reporting of FNO trading- All you need to know

by CA Chinmay Shirish Agate | Mar 11, 2024 | Other

Introduction:Futures and options are derivative financial instruments that derive their value from an underlying asset such as stocks, indices, currencies, or commodities. These instruments are popular among investors and traders for hedging, speculation, and...

Maximizing Your Deductions: How Income Tax Software Can Help You Save Money on Taxes in India.

by CA Chinmay Shirish Agate | Mar 22, 2023 | Other

Maximizing deductions is a key strategy for saving money on taxes in India. By reducing the amount of taxable income, taxpayers can lower their tax liability and keep more of their hard-earned money. Income tax software can be a powerful tool for achieving this goal....

Impact of COVID 19 on GST collection

by CA Chinmay Shirish Agate | May 6, 2022 | GST, Other, SMEs, Taxation

The spread of COVID-19 appears to be slowing in India, but the pandemic’s economic impact is still being determined as new waves of COVID-19 infection emerge locally. As a result, any revenue impact of covid-19 on GST collection in India will have certain flaws...
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