"I am a qualified and practicing Chartered Accountant based in Delhi, with a strong professional focus on taxation, audit, and corporate regulatory matters. My core areas of expertise include Internal Audits, Statutory Audits, and Tax Audits, along with a keen interest in Direct Taxes, Indirect Taxes, and Corporate & Economic Laws. I have hands-on experience of more than 10 years in conducting and managing audits across various sectors, ensuring compliance with applicable laws and reporting standards while also providing practical insights for strengthening internal controls and governance. My practice also involves advising clients on tax matters, handling return filings, assessments, and representation before tax authorities. I am particularly inclined towards simplifying complex legal and financial provisions into clear, actionable insights for clients and stakeholders. With a commitment to continuous learning and professional excellence, I aim to deliver value-driven professional services and contribute through knowledge sharing and writing."
The amendment strengthens regulation of foreign contributions with new oversight mechanisms. The key takeaway is tighter compliance and enhanced government control over foreign-funded assets.
The issue was complexity in the existing tax framework due to multiple amendments. The new law simplifies provisions and improves clarity without changing tax rates. The key takeaway is that the reform focuses on ease of compliance rather than increasing taxes.
Major changes have been brought in under the Finance Budget 2023 through insertion of clause (iii) in Explanation 4 to sub-section (1) of section 11 AND clause (iii) in Explanation 2 to the third proviso of clause (23C) of section 10 of the Income Tax Act.
This article focuses on the major changes brought in by the Finance Act 2020 by introducing new section 10AB replacing section 10AA and bringing in similar amendments in section 10(23C) and Section 80G. These provisions pertaining to registration were originally made effective from 01-06-2020. Subsequently, due to the crisis caused by COVID-19, the Central Board […]
This article focuses on the exemptions available to an assessee from capital gain tax under Income Tax Act, 1961. Any profit or gain arising from Transfer of Capital Asset (long term or short term) shall be chargeable under the head capital gain in the year of transfer. However, there are some exemptions on such capital […]
This article focuses on provisions of The Income Tax Act, 1961 and rules made there under relating to Set Off and Carry Forward of Losses. This is a complete guide to set off and carry forward the losses including the set off of losses from business and profession from presumptive income. A. There are two […]
