Sunil Bhave

Returns Under GST Detail of 27 returns prescribed under Goods and Services Tax (GST).  Under the GST law, a  tax payer will be required to furnish 3 returns monthly and […]

Penalties under Income Tax Act 1961

Income Tax : Penalties 1. Penalty under Section 270A (Penalty for under reporting and misreporting of income): If during the assessment proceedings, it is found that an assessee have under […]

Letter of Credit

Understanding and Using Letters of Credit Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade. […]