"CA Aman Rajput is an entrepreneurial Chartered Accountant and Partner at ATK and Associates, headquartered in Ghaziabad. With a strong academic foundation, holding a Master’s in Commerce, certifications in Forensic Accounting, Concurrent Audit, and a Diploma in Information System Audit (DISA) from ICAI, he is currently pursuing a Bachelor’s in Law. He practices in the areas of Taxation, Domestic & International Compliances, Litigation, Audit, and Consultancy, with core specializations in Forensic Audits, Cyber Security, and Information Systems. His rich professional exposure includes: - Quick-books, foreign accountancy and book keeping consultancy - Forensic audits (including international assignments in Mozambique and Kolkata), - IS audits, Investigation audits, Statutory audits of listed entities (e.g., Bajaj Industries, Mukta Arts, Omaxe Group), - Bank audits (including concurrent audits), - Stock and Trust audits. CA Aman is an active contributor to the profession through his association with the ICAI Ajmer Branch and CPE Committee, where he regularly organizes, moderates, and speaks at professional events. As a recognized content creator, he is a published writer on platforms like: Taxmann, Taxguru, LinkedIn, Quora, CAclubindia, ICAI journals, and Google Blogger. He was honored with LinkedIn Top Voice badges for Teamwork and Interpersonal Skills in March 2024. CA Aman is also associated with NGOs such as Global Shapers and Right Hand Society, contributing to social impact initiatives. He began his journey with articleship in Mumbai, followed by industrial training in Kolkata, before founding Aman Rajput & Co, which merged with ATK and Associates in 2025. Contact: +91-8209604735 Email: aman.rajput@mail.ca.in"
The article analyses whether declaring profits below presumptive rates automatically triggers tax audit under the Income-tax Act, 2025. It concludes that the law’s ambiguity could support a narrower interpretation limiting audit requirements.
The article explains why diesel in construction businesses is treated as consumable inventory and how GST exclusion increases project costs due to non-availability of input tax credit.
Many taxpayers wrongly assume paying GST on sale value is sufficient when selling capital goods. The law requires comparing reduced ITC with transaction tax, and failure leads to tax demands and interest liability.
The bill proposes extensive amendments across corporate laws, including LLPs, audits, and director regulations. It aims to improve transparency, simplify compliance, and strengthen enforcement mechanisms.
The article explains that accounting treatment differs significantly between standalone and consolidated financial statements. It highlights that Ind AS 105 applies mainly at the consolidated level, not for measurement in standalone accounts.
The ITAT held that the enhanced ₹25 lakh leave encashment exemption is a beneficial and curative amendment and can apply retrospectively to earlier retirees. The ruling enables eligible taxpayers to claim refunds despite earlier ₹3 lakh limits, though the issue awaits final judicial settlement.
The Budget combines strong capital spending with wide-ranging tax simplification measures. The key takeaway is reduced litigation and easier compliance without compromising fiscal discipline.
Courts have held that once TDS is deducted from salary, the employee cannot be asked to pay tax again merely because the employer failed to deposit it. Recovery must be pursued only against the employer.
The court held that ITC cannot be denied to a genuine purchaser merely because the supplier failed to pay GST. Bona fide transactions without fraud or collusion must not attract reversal of credit.
Explains why TCS under section 206C(1G) applies to overseas remittances and tour packages. The key takeaway is that TCS is a reporting mechanism, adjustable or refundable, not a final tax cost.
