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Dev Kumar Kothari

Latest Posts by Dev Kumar Kothari

2023 ITR Deadline: Extend Filing Date for Business Professionals

July 22, 2023 12501 Views 1 comment Print

Learn about the 2023 Income Tax Return (ITR) deadline for business professionals and why an extension is needed for non-audit cases. Find ITR form details and analysis here.

Extent of due date for ITR Filing- Writ Petitions seems inevitable

July 25, 2022 18759 Views 3 comments Print

ITR last dates – Writ Petitions (WP) seems inevitable for directions to extend last date for filing of non-audit Income Tax Return (ITR)

ITAT allows depreciation on molasses tanks

July 5, 2022 693 Views 0 comment Print

Sasamusa sugar works Pvt. Ltd. Vs DCIT (ITAT Kolkata) In respect of ground relating to claim of depreciation on molasses tanks for which the ld. CIT(a) had directed the AO to allow the depreciation after verification that the new plant & machinery were indeed put to use by the assessee. Assessee has come before the […]

Vivad se Viswas Scheme- Suggestion for the benefit of revenue

December 18, 2020 4989 Views 0 comment Print

Respected PM Sir and FM madam, I append below a write up for benefit of revenue by increasing scope  and  properly managing ‘Direct Tax Vivad Se Viswas Act,   by accepting  amount under declaration to settle all lost  disputes of revenue- whether challenged by revenue or not and by accepting payment in advance with some early […]

Very Short Notice is not fair but used as a new tool to harass Assessee & Tax Professionals

October 20, 2018 5901 Views 3 comments Print

Reasonable time for preparation of case by taxpayer must be kept in mind while issuing any notice. While fixing time interval between date of notice and date of hearing at least the following factors must be considered by the authority issuing the notice:

Constitutional Validity of Dividend distributed Tax

September 6, 2018 7008 Views 0 comment Print

Dividend distributed Tax (DDT): Dividend paid by companies is a payment and expenditure. The tax on dividend payouts is not tax on income (of company).  The levy of additional tax on companies under Section 115-O seems to be ultra virse the Constitution of India.

Provisions of S. 68 of Income-tax Act, must be read with Negotiable Instruments Act, 1881, particularly when liability is acknowledged on realization of cheque

February 7, 2018 4338 Views 0 comment Print

When on receipt of money by way of cheque a liability is acknowledged by receiver as loan or deposit or share capital, it need to be viewed considering ground realities faced by receiver of money against which he incur liability.

Responsible citizenship- protect environment

July 23, 2016 22690 Views 1 comment Print

Responsible citizenship- protect environment: Environmental concerns- avoid wastage- case study -street Lights –proper time of switch off and switch on can save about 10- 15% electricity and other lighting expenses. DEV KUMAR KOTHARI General: This article is intended for benefit of public at large to show that how a small initiative taken can contribute to […]

CBDT – Highly Unreasonable Authority under Namo Government

October 5, 2015 7818 Views 0 comment Print

CBDT PROVED TO BE VERY UNREASONABLE TOP AUTHORITY EVEN DURING REGIME OF NAMO GOVERNMENT – even after directions from various High Court’s action of CBDT is not only very delayed but also half-hearted, incomplete and wrong- it requires to be rectified and clarified

CBDT Appears to be Unreasonable Top Authority like Lower Tax Authorities

October 4, 2015 1304 Views 0 comment Print

EXPECTATION FROM NAMO GOVERNMENT: The public of India at large and also investors abroad are given to understand that NAMO government will provide EASE of doing business. However, for Indian citizens working in India ease of doing business and also carrying profession with ease seems to be a far distant dream.

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