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New Timelines for Validity of Old Section 148 Reassessment Notices as per SC Judgement 

May 6, 2022 11994 Views 0 comment Print

Author has tried to capture all the nuances and practical implications of the Hon’ble Supreme Court judgement on Validity of Old 148 Re-Assessment Notices, and gives a Clear and Unambiguous Picture & Guidance on the New Valid Timelines for Validity of such impugned Re-assessment Notices, in accordance with the directions given in the SC judgement.

NSIC_Single Point Registration

May 6, 2022 1263 Views 0 comment Print

In this article author (Ajay Sharma) has tried to throw some light on the benefits and procedure to be followed while applying single point registration (NSIC Registration) in a brief manner: The Single Point Registration Scheme was introduced in 1976 with the objective to avoid the multiple registrations. NSIC (National Small Industries Corporation Limited) has […]

GST updates and compliance calendar for May 2022

May 6, 2022 2670 Views 0 comment Print

Stay updated on the latest GST changes and compliance requirements for May 2022. Get insights on revised turnover functionality and more.

Gospel Truth of Reassessment Proceedings – SC Judgment Analysis

May 6, 2022 12687 Views 4 comments Print

Gist and a Snap Analysis of SC Judgment –  Union of India Vs Ashish Agarwal (Supreme Court), Appeal Number : Civil Appeal No. 3005/2022, Date of Judgement: 04/05/2022 1. The Union felt aggrieved due to the adverse outcome of several writ petitions which were filed on PAN India basis against notices issued u/s 148 of the Income […]

Monthly GST Newsletter for May 2022

May 6, 2022 9078 Views 0 comment Print

Stay up-to-date with the latest amendments in the world of GST. Find important clarifications and compliance timelines for the month of May 2022.

Income Tax on Sale of Under Construction Property

May 6, 2022 24825 Views 1 comment Print

When an under-construction property is acquired, it is always a subject matter of controversy between the taxpayer and the tax department while determining the holding period of the property to compute capital gain.

Per diems (Daily allowance) Taxability as Salary

May 6, 2022 40878 Views 5 comments Print

What are per diems? Per diems are daily allowance provided to employees on business trips. They can be provided for meeting personal or official expenses while on business trip. As a business practice, companies available globally generally send their local employees overseas for project based work (short term or long term) The salaries of employees […]

3 ways to enhance health insurance coverage

May 6, 2022 1497 Views 0 comment Print

With healthcare expenses going creeping upward every single year, it is understandable that you want only the very best when you buy a health insurance plan in India. This essentially means that you seek value in the policy that you buy for yourself and your loved ones.

Top Tips for Women Applying For Instant Personal Loans

May 6, 2022 468 Views 0 comment Print

Are you thinking about applying for a personal loan? Here are the top tips for anyone looking to take a quick loan – women and otherwise! Online loan apps are making instant personal loans accessible to all! 

BNPL (Buy Now Pay Later) India Trends 2022

May 6, 2022 2682 Views 0 comment Print

BNPL (Buy Now Pay Later) has been around for quite some time in India. However, the pandemic pushed its adoption among the masses at an unprecedented pace.

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