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Hemant Kumar Gupta

Latest Posts by Hemant Kumar Gupta

Direct Tax Vivad Se Vishwas Scheme, 2024: Overview & Details

December 4, 2024 1887 Views 0 comment Print

Learn about Direct Tax Vivad Se Vishwas Scheme, 2024, its eligibility criteria, procedure, benefits, ineligible cases, and key features for resolving tax disputes.

Income Tax Calculations – With Deduction and Without Deduction

March 22, 2024 3795 Views 1 comment Print

Learn about the intricacies of income tax calculations with and without deductions. Explore tax slabs, deductions, and their impact on your tax liabilities.

Decision of Higher Courts are binding on lower Authorities

December 7, 2022 20283 Views 2 comments Print

In the course of litigations many times it has been seen that, particular matter under consideration has already been decided by the Hon`ble Supreme Court, and even after citing the same the lower authorities like adjudicating authorities or may be tribunal do not follow the same.

Rise in GST Rates for Government Contractors

January 14, 2022 65604 Views 4 comments Print

Everyone was too much occupied and concerned for sudden rise in GST Rates for textile industry, certainly another rise was also made in GST Rates for the contractors dealing in Government Contracts. Such rise has been made by CBIC through notification number 15/2021 (CTR) dated 18th November 2021 by amending principal notification number 11/2017 (CTR). […]

Works Contract Services under GST- A Compendium regarding Development/Changes in the law

July 13, 2021 27642 Views 2 comments Print

Works contract have always been a matter of mystery and doubts, however in current GST scenario many things are sorted out unlike erstwhile VAT and Service Tax laws. In this article we have tried to compile and discuss all the relevant sections, rules and notifications in lieu of Works Contract Services. At the Outset definition […]

MSME Classifications & Registration Requirements w.e.f. 01.07.2020

July 13, 2020 1833 Views 2 comments Print

Ministry of Micro, Small and Medium Enterprises have come out with notification no. [F. No. 21(5)/2019-P&G/Policy (Pt-IV)] dated 26th June 2020, wherein following new criteria of classification of enterprises and new registration procedures under MSMED Act,2006:- Classification Micro Enterprises Investment in Plant & Machinery or Equipment – Not more than 1 Crore Turnover- Not more […]

Covid 19- SC extends limitation prescribed under Arbitration & NI Act

May 6, 2020 5952 Views 0 comment Print

It  is hereby ordered that all periods of limitation  prescribed  under  the  Arbitration  and  Conciliation  Act, 1996 and under section 138 of the Negotiable Instruments Act 1881 shall  be  extended  with  effect  from  15.03.2020  till  further  orders to be passed by this Court in the present proceedings.

Section 271AAD – Fair Interpretation and applicability

April 24, 2020 2142 Views 0 comment Print

Understand the implications of Section 271AAD of the Income Tax Act,2020. Learn about the fair interpretation and applicability of this important section.

Environment, Health and Safety Assessment (Environmental Audit)

April 19, 2020 4518 Views 0 comment Print

Environment, Health and Safety Assessment (EHS Assessment) in general, called and known as ‘Environmental Audit’.  Environment safety has been a major concern in previous says giving rise to need of environmental audit in all the organizations. Environmental audit is one of the areas of environmental awareness. In this article, through various slides in succeeding pages, […]

Compliance related Relaxations under Income Tax Act, 1961

April 18, 2020 2655 Views 0 comment Print

Ministry of Law & Justice of Government of India, through The Gazette of India, has made available THE TAXATION AND OTHER LAWS (RELAXATION OF CERTAIN PROVISIONS) ORDINANCE, 2020 on 31.03.2020, wherein through ordinance Government of India has given relaxation in various due dates and interest rates under various Acts, including Income Tax Act,1961. Relaxation is […]

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