Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsPM Cares Fund: Putting false claims to rest — Dhaval Patel6 min read·May 16, 2021----
Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsAnnual Budgetary Exercise of Legislating Away Judicial Decisions — Kumar Visalaksh & Rahul KhuranaSince its presentation on February 1, the Union Budget has witnessed extensive scrutiny by experts. An aspect which, however, has not…5 min read·Mar 3, 2021----
Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsExhausted 80C limit? Here are 7 other tax-saving investment options for youIndividuals who are looking to save tax can make an investment under 80C of the Income Tax Act. This is one of the most preferred…4 min read·Mar 3, 2021----
Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsInvesting in EPF & Ulips? Take note of I-T changesThe Employees Provident Fund (EPF) scheme has been one of the preferred investment options for the salaried taxpayer. In FY20, EPF had…3 min read·Mar 3, 2021----
Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsIndia needs greater devolution of funds and authority to thrive — Mr. Narayan RamachandranAll power in a democracy ultimately belongs to the country’s people. In India, one constitutionally mandated body that is designed to…4 min read·Mar 3, 2021----
Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsThe obsession with convergence of GST rates — Mr. Najib ShahA GST Council meeting is due to take place soon. And the debate about the multiplicity of rates has started yet again. Though discussed…5 min read·Mar 3, 2021----
Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsChanges in GST Laws w.e.f 01.01.2021Rule 36(4): ITC Availment Capped — 5% for Missed Invoices2 min read·Jan 5, 2021----
Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsRule 86B: Payment of 1% GST in CashBased on the recommendations of the GST Law Committee, the government has notified (vide Notification №. 94/2020 — Central Tax dated 22nd…3 min read·Jan 5, 2021----
Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsIncome Tax Department issues guidelines for applicability of TCS provision with effect from…The Finance Act, 2020 inserted a new section 194-O in the Income-tax Act 1961 which mandates that with effect from October 1, 2020, an…3 min read·Oct 1, 2020----
Siddharth S. SanchetiinS S Sancheti & Associates | Chartered AccountantsW.e.f. 01.10.2020 TCS on Sale of Goods S. 206C(1H)of Income Tax Act, 1961Finance Act, 2020 has made an amendment by insertion of sub-section (1H) in section 206C of the Income Tax Act, 1961 (hereinafter referred…2 min read·Oct 1, 2020----