"Purshottam Mishra is a dedicated and results-driven Chartered Accountancy candidate specializing in Taxation. Having successfully cleared both CA Foundation and CA Intermediate in the first attempt, he demonstrates strong analytical skills, precision, and a commitment to excellence in the tax domain. An alumnus of RPVV, Hari Nagar, New Delhi, with a distinguished academic record in commerce and finance, Purshottam is on the path of gaining in-depth knowledge of tax provisions, while actively involving himself in preparing tax computations, assisting in assessments, and supporting clients in tax planning and litigation matters."
The Budget keeps tax rates unchanged while introducing structural reforms to improve certainty and predictability. The key takeaway is stability paired with targeted simplification to reduce disputes.
The case explains how residency is determined under Indian tax law using stay-based and income-based tests. The key takeaway is that even limited presence or high Indian income can trigger tax residency consequences.
Highlights how the Court ruled that consistent operational control and strategic oversight in India can establish a Fixed Place PE under the DTAA, even without exclusive offices. Key takeaway: substance and economic activity override formal ownership.
A summary of the changes to share buyback taxation in India. The law now treats buyback proceeds as a ‘deemed dividend’, with implications for companies and shareholders.
A summary of the key legal and compliance amendments recommended by the GST Council, including changes to tax bases, exemptions, and reforms for small businesses.
Understand the application of the Section 87A tax rebate on Short-Term Capital Gains (STCG) under Section 111A. Learn about recent court rulings and a new amendment.
Learn how India’s Faceless Assessment Scheme works under Section 144B. This summary explains the roles of various units and the step-by-step workflow for tax assessments.
ITAT Delhi held penalty u/s 271(1)(c) unsustainable as 54F exemption failed due to builder delay, not taxpayer’s fault. Full disclosure helped avoid penalty.
SARs reward employees based on share value growth without giving equity. Learn how SARs work, their tax impact, and why companies prefer them over ESOPs.
A key area of contention has been whether cost incurred for purchase of land or commencement of construction before date of transfer of original asset is eligible for section 54F exemption
