V V Kothari & Associates

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GST
Aug 15, 2024
8 Min Read

my views on where some changes in gst would make the system more taxpayer oriented

Introduction Welcome to our discussion on optimizing the Goods and Services Tax (GST) system to be more taxpayer-friendly! The GST, often hailed as a transformative fiscal reform, was designed to simplify the tax landscape, unify the market, and enhance efficiency through a single tax on the supply of goods and services. Despite its goals, certain […]

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Income Tax
Apr 25, 2024
17 Min Read

Demystifying Income Tax Act’s Section 43B(h): How Deductions for Payments to MSEs Work [FAQs]

Welcome to a deep dive into Section 43B(h) of the Income-tax Act, where we unravel the complexities surrounding deductions for payments to Micro and Small Enterprises (MSEs). Did you know that MSEs play a crucial role in the Indian economy,

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Other
Apr 25, 2024
11 Min Read

Startup India Explained: Eligibility, Tax Exemptions, and Incentives

A Startup India initiative taken up by the Indian government is what is normally referred to as a policy by the national government in support of small business enterprises and is owned by the Indian PM Mr. Narendra Modi with the main aim of expanding the country's economy.

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Income Tax
Apr 11, 2024
12 Min Read

Facing an Income Tax Notice? Here’s What You Need to Know and How to Respond

In recent times, the Income Tax Department has significantly ramped up its issuance of notices to taxpayers across India. These notices are being sent out for a multitude of reasons, ranging from discrepancies in income disclosure to cases of tax evasion spanning previous years.

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