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Ca Mukesh Kabra

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Tax Illusion: Unraveling the Reality of Startup Deductions

December 10, 2023 2262 Views 0 comment Print

Explore reality of startup deductions & Tax Illusion they create in Indian economy with Startup India Initiative. Discover dedicated team managing many programs & governing initiative with this post.

Fresh Controversies In Reassessment- Misfortune or Misinterpretation

May 12, 2022 3528 Views 0 comment Print

Uncover the controversy surrounding reassessment notices under section 148 of the Income Tax Act. Explore the Supreme Court judgment, CBDTs interpretation, and the potential impact on past assessment years. Delve into the misfortune or misinterpretation in this legal landscape.

Reply to NFRA On Consultation Paper on Statutory Audit For MSMC

October 5, 2021 2052 Views 1 comment Print

Reply To NFRA On Consultation Paper On Statutory Audit And Auditing Standard For Msmc You have recently issued a consultation paper on statutory Audit and Auditing standard for MSM Companies. You have framed 4 questions for the comments of stakeholders including Chartered Accountants: You had issued the consultation paper for relaxation of compulsory audit to […]

Pounding between Tax Audit & Presumptive Taxation provisions

June 25, 2021 15576 Views 0 comment Print

Importance of Tax Audit : Most important functions of chartered Accountants in Practice is discharging of onerous liability of Tax Audit function conferred upon them by Income Tax Act. As we know, Provisions of tax audit is mainly governed by Section 44AB r.w.s. 44AD of the Act. There are various points which generally confused practising […]

Residentail Status: Determination and Importance

March 28, 2021 17823 Views 0 comment Print

Taxability of a person is largely dependent on residential status. The Indian Government had also brought out major changes in provisions related to determination of residential status in last year. Section 6 of Income Tax Act Contains the provisions related to determination of residential status.

Reforms Needed To Expand Tax Net

November 19, 2020 1578 Views 1 comment Print

Tax-to-GDP ratio represents the size of a country’s tax kitty relative to its GDP. It indicates the size of the government’s tax revenue expressed as a percentage of the GDP. A higher tax to GDP ratio means that the government is able to cast its fiscal net wide. It reduces a government’s dependence on borrowings […]

Unjust Enrichment To CBDT- 21 Examples

July 6, 2020 8757 Views 3 comments Print

Concept of Unjust enrichment refers to situations in which one person is enriched at the expense of another in circumstances which the law treats as unjust. Whenever the word unjust enrichment is told by someone two names immediately crept in the mind one is highest authority of indirect tax i.e. CGST and other one is […]

Micro Small And Medium Enterprises- A Detailed Study

June 17, 2020 11292 Views 5 comments Print

After declaration of economic stimulus package ‘ATMANIRBHAR BHARAT PART 1’ ON 13/05/2020 by finance minister which was largely related to MSME, most of persons are curious about MSME units and it has been one of the most searched words in the web world of Indian sub-continent. To enlighten the public at large on various relevant […]

Agriculture Income under Income Tax

April 28, 2020 146799 Views 17 comments Print

Income Tax have various contentious issues despite being one of the oldest Law of the Land. On these issues assesse and revenue used to loggerhead each other on various form of Authorities. Taxation of AGRICULTURAL INOCME is also one of such contentious issue. One of the main reason for various dispute on Agriculture Income is attribute […]

Rectification of Mistake | Section 154 | Income Tax | Some Issues

April 2, 2020 49014 Views 5 comments Print

In Income Tax Act there are various section which are frequently being used by the assesse and assessing officer in their day to day working but still assesse and department is not consensus on various points of various section. Section 154 titled as ‘RECTFICATION OF MISTAKE‘ is also one of those section of the Income […]

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