"Mr. Sunil Arora, the senior most partner of the firm (Sunil Arora & Associates) has an experience of over 40 years in the matters related to finance and taxation. His special forte includes direct tax consultancy in areas of capital gains, search and seizure, survey and representation before the various I.T authorities. He has vast knowledge and expertise with regards to business consultancy services and foreign collaborations. A man of exemplary vision and strong social commitment, he possesses inherent qualities of converting challenges into opportunities by sincerity of purpose and firm determination.He takes a very broad approach to solve intricate problems and key issues. He is also a renowned speaker on subjects like accounting standards, drafting MoUs and agreements, search and seizure, IFRS and has delivered lectures on these topics at various forums. He was the member of Northern India Regional Council (NIRC) of the ICAI for two subsequent terms 2000-03 and 2003-06."
Explore the structure of income tax reassessment provisions, including Sections 147, 148, 148A, 149, and 151, covering notice issuance, procedures, and time limits.
Explore the new reassessment provisions under the Finance Act, 2024, including updates to sections 148, 148A, 149, and 151, with simplified processes and revised timelines.
Finance Bill 2024 changes taxation of long-term capital gains on non-financial assets: removes indexation, lowers tax to 12.5%, changes holding period to 24 months.
Explore the Finance Bill 2024’s major changes to the taxability of share buybacks, shifting tax liability from companies to shareholders. Effective from Oct 1, 2024.
Explore the MSMED Act, 2006, and Income Tax Act amendments ensuring timely payments to MSMEs and tax benefits for compliance. Understand key provisions and impacts.
Explore the stringent provisions in the Income Tax Act, 1961, aimed at curbing cash transactions in India. Learn about limits, penalties, and the governments push towards a cashless economy. Stay informed to avoid penalties and ensure compliance. Contact us for detailed insights and assistance.
Understand GST ITC Reversal Section 16 of CGST Act, 2017 mandates reversal of input tax credit if payment for inward supply is not made within 180 days. Learn the nuances to avoid penalties.
Discover the new facility for verifying RFN on offline communications from State GST authorities. Ensure accurate GST compliance effortlessly. Learn how to use the facility and avoid compliance issues.
From April 1, 2023, gold jewellery sales in India require a mandatory six-digit alphanumeric HUID (Hallmark Unique Identification) to enhance credibility and consumer protection. Explore the government’s move to safeguard interests, prohibit non-compliant jewellery, and empower consumers with traceable and verifiable hallmarking. Stay informed about the latest standards in the jewellery industry.
Understand the new Companies (Accounting) Rules, 2014 amendment effective from April 2023, mandating the use of accounting software with an audit trail feature. Explore implications, compliance requirements, and the role of statutory auditors. Ensure your company’s adherence to the latest legal provisions.
