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CA VK Agrawal

E-Proceeding of Income Tax – Easy Guide

Income tax return filing is a scheduled procedure of every taxpayer and has to be filed every year. The income tax return filing is also an essential process to be followed for various reasons including financial and record maintenance while beneficial for the future loan perspective. What is an ‘e-Proceeding’? It is an electronic platform made by the Income Tax department. The main purpose of this platform is to conduct… Read More »E-Proceeding of Income Tax – Easy Guide

Can We File Application in Consumer Forum & UP RERA Together?

In a significant judgment, the Supreme Court state that despite the enactment of a special 2016 law, Real Estate (Regulation and Development) Act, to deal with real estate firms, homebuyers can still approach the consumer forum for seeking remedies including refund & compensation from such companies for delay in handing over possession of their dream homes. Even though homebuyers have a specific platform to file their complaints addressed after the… Read More »Can We File Application in Consumer Forum & UP RERA Together?

Alternate Tax Regime for Individuals u/s 115BAC from AY 2021-22

This article is only meant for salaried class employees and not meant for individuals who are having business Income. As there are few differences in the scheme for the salaried class of persons and non-salaried class of persons. The Budget 2020 introduces a new system under section 115BAC giving an option to individuals and HUF taxpayers to pay income tax at lower rates. The new system is applicable for income… Read More »Alternate Tax Regime for Individuals u/s 115BAC from AY 2021-22

How To File A Complaint With UP RERA

For any violation or contravention of the provisions of the RERA Act, a buyer can file a complaint with the UP-RERA Authority by a builder, developer, promoter, or real estate agent. According to the Section 31 of the RERA Act, anyone can file a complaint if they possess the knowledge to draft an accurate statement, including the relief sought from RERA. The RERA Act, 2016, has allowed different states to… Read More »How To File A Complaint With UP RERA

How to Register Project Under RERA

Under RERA Act, it is essential for the promoters to register their real estate project to sell, advertise, market, purchase etc. The motto for the RERA implementation is to make Builders more accountable for the timely delivery of the projects and to protect buyers from fraud sellers. For that purpose RERA Authorities has determined a simple and transparent registration process of Real Estate Projects & Agents. Registration of Projects Under… Read More »How to Register Project Under RERA

How to Register As Agent Under UPRERA

A “Real estate agent” is a person/individual who acts on behalf of another person in a real-estate transaction. Real estate agents include property dealers, brokers, middlemen and many more. Top services delivered by real estate agents including introducing and deal making on leasing or sale of plot, land, building & apartments. Under the UP RERA Act all real estate agents need to obtain a RERA registration for Agents. The RERA… Read More »How to Register As Agent Under UPRERA

Auto Population of E-Invoice Details in GSTR-1/2A/2B/4A/6A

The Goods and Services Tax Network i.e. GSTN has issued the advisory related to Auto-population of E-Invoice details in GSTR-1/2A/2B/4A/6A. Certain notified taxpayers have been issuing invoices after obtaining the IRN a.k.a. Invoice Reference Number from the IRP (Invoice Registration Portal) (commonly termed as ‘e-invoices’). Details from such e-invoices shall be auto-populated in respective tables of GSTR-1. Update on the status of such auto-population was last published on 30th November… Read More »Auto Population of E-Invoice Details in GSTR-1/2A/2B/4A/6A

E-Invoicing Under GST: A Critical Analysis

In the 35th meeting of the GST Council, the council has decided to implementation a system of e-Invoicing, which will be applicable to specified categories of persons. The CBIC (Central Board of Indirect Taxes and Customs) formally notified the system of e-Invoicing under GST vide Notification No. 68/2019 – Central Tax, which inserted sub-rules (4), sub-rules (5) and sub-rules (6) under rule 48 of the CGST Rules, 2017 for the… Read More »E-Invoicing Under GST: A Critical Analysis

All About Aadhaar Authentication For Existing GST Taxpayers

The CBIC (Central Board of Indirect Tax and Customs) had released a notification on March’23,2020, about Aadhaar authentication for GST registration from April’01, 2020. The same has been amended vide notification 62/2020 on August’20, 2020 to be made optional. The aadhaar authentication for GST registration is not required for those who are non-residents, persons other than citizens of India, and persons who have already been registered under GST. Aadhaar authentication… Read More »All About Aadhaar Authentication For Existing GST Taxpayers

All About GST On E-Commerce Transaction

In this digital era, day by day e-commerce transaction is increasing rapidly in the view of this even government introduced some new provisions through GST which was not there before the execution of GST laws, E-commerce transactions look a bit complicated because many transactions are happening simultaneously. In e-commerce transactions, the supplier of goods and services may or may not have a permanent office in a taxable territory in which… Read More »All About GST On E-Commerce Transaction