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Ca Akhil Gupta

Latest Posts by Ca Akhil Gupta

ISD Credit Distribution: Aggregate Turnover vs Aggregate of Turnover?

June 1, 2026 78 Views 0 comment Print

A critical analysis of whether Rule 39 requires the use of turnover or aggregate turnover for ISD credit distribution. The discussion highlights how adopting the wrong interpretation may lead to inefficient ITC allocation.

Income Tax Department Alerts Assessees on Non-Deduction of Tax on Rent

April 4, 2025 1917 Views 0 comment Print

Learn about Income Tax Department alerts regarding non-deduction of tax on rent under Section 194IB of the Income Tax Act, 1961.

Defective ITR resubmission as belated/revised, where defect is not rectified in prescribed manner

September 12, 2024 17040 Views 0 comment Print

Defective ITR not rectified within time is treated as invalid. Filing a new belated return or seeking condonation can avoid penalties under Section 234F.

Gist of Private Placement- Section 42 of Companies Act, 2013

September 6, 2022 3780 Views 0 comment Print

Unlock the essentials of Private Placement under Section 42 of Companies Act, 2013. Explore meanings, key points on subscription, allotment, and compliance. Stay informed about forms, limits, and shareholder approvals for a seamless process.

Schedule III major changes for FY 2021-22-Division I

June 14, 2022 31482 Views 0 comment Print

Stay updated on the major changes in Schedule III for FY 2021-22 Division I under the Companies Act, 2013. Understand the new trade payables ageing schedule and disclosure requirements.

Gist of Section 173 and 174 of Companies Act 2013

March 23, 2022 16002 Views 0 comment Print

Section 173 of of Companies Act 2013 -Meetings of Board ♦ First meeting within 30 days of its incorporation. ♦ Minimum four board meetings every year (maximum gap between 2 consecutive meetings can be 120 days). ♦ Participation may be either in person or through video conferencing or other audio visual means. ♦ Following matters […]

Carriage by Road Rules, 2011 (a Gist)

March 16, 2022 4998 Views 0 comment Print

Notes on Carriage by Road Rules, 2011 Application to be made in Form-1 for grant/renewal of certificate of registration (COR) in triplicate to registering authority along with fees Conditions for GRANT of registration:- 1. Produce registration certificate of 2 commercial vehicles in organisation’s /director’s name or contract letter/work order for carrying out functions as common […]

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