"I am a practicing Chartered Accountant based in Hyderabad, with years of professional experience in the areas of direct taxation, indirect taxation, audit, and advisory services. Over the years, I have worked with professional audit firms and independent practices across South India, which has provided me with practical exposure to a wide range of assignments. My experience includes handling income tax compliance and advisory, GST compliance, statutory audits, internal audits, bank audits, and regulatory filings. I have worked with clients across diverse sectors such as logistics, manufacturing, trading, software services, and other service-based industries, allowing me to develop a strong understanding of business operations alongside tax and regulatory requirements. In my professional practice, I advise individuals, proprietorships, partnership firms, LLPs, companies, and non-profit organisations on tax planning, compliance management, and regulatory matters. I focus on providing solutions that are legally sound, practical to implement, and aligned with the commercial realities faced by taxpayers and businesses. I have a strong interest in professional research and technical writing, particularly in the field of taxation and allied laws. Through my articles, I aim to simplify complex statutory provisions and explain them in a clear, structured, and practical manner. My approach to writing is focused on helping readers understand not only the legal framework but also its real-world application and compliance implications. I believe that effective tax practice requires continuous learning and knowledge sharing. Through my contributions, I seek to add value to the professional community by offering objective analysis, compliance insights, and practical perspectives on evolving tax laws, amendments, and judicial developments."
This explains how an HUF is recognised as a separate taxable entity and how it is taxed. The key takeaway is that HUF remains a lawful and effective tax planning structure when used correctly.
This addresses why India is replacing its six-decade-old income tax law. The key takeaway is that the new Act simplifies structure and language while retaining existing tax rates from April 2026.
