Articles by Vivek Jalan

Domestic Transfer Pricing GST: Section 40A(2)(b) Explained

Posted by Vivek Jalan 20 January 2025 661 Views

Understand domestic transfer pricing in the GST era, focusing on Section 40A(2)(b) and profitability differences. Learn how tax authorities assess these issues....

Streamline Tax Laws: Simpler Compliance & Officer Accountability

Posted by Vivek Jalan 17 January 2025 284 Views

Discover how merging tax provisions, enhancing officer accountability, and simplifying compliance can transform the Income Tax Act for individuals and businesses.

Condoning Tax Form Delays for NPOs & Corporates

Posted by Vivek Jalan 06 January 2025 250 Views

Learn how NPOs and corporates can apply for condonation of delay in filing crucial tax forms like 9A, 10, 10B, 10BB, 10-IC, and 10-ID. Find out the process and timelines.

GST Exemption for Payment Aggregators, Not Gateways

Posted by Vivek Jalan 06 January 2025 369 Views

Clarification on GST exemption: RBI-regulated Payment Aggregators qualify, but Payment Gateways and other fintech services do not. Learn more.

GST Council: Key CGST Rule Changes Affecting IMS

Posted by Vivek Jalan 04 January 2025 401 Views

Discover major CGST rule amendments from the 55th GST Council meeting, impacting Invoice Management System (IMS) and credit note procedures. Learn how these changes affect your business.

GST Council Clarifies Voucher Taxability Rules

Posted by Vivek Jalan 02 January 2025 247 Views

Understand the GST Council's latest decisions on voucher taxability. Learn about supply, distribution, and unredeemed vouchers under GST.

GST Changes for Hotels & Restaurants: 55th Council Decision

Posted by Vivek Jalan 01 January 2025 1798 Views

Understand the 55th GST Council's decision on hotel & restaurant GST rates. Learn about new rules for declared tariff and value of supply from April 2025.

Section 270A(9): Cite Clauses for Income Misreporting Penalties

Posted by Vivek Jalan 16 December 2024 559 Views

Understand the crucial difference between income underreporting and misreporting under Section 270A. Learn why citing specific clauses is vital for valid penalty proceedings.

Advance Income Tax: Taxable Upon Receipt

Posted by Vivek Jalan 13 December 2024 2143 Views

Discover when advance payments are taxable. Learn how the 'matching principle' and AS-9 apply to income tax, with insights from a key legal case.

Revise ITRs by 31st Dec for Undisclosed Foreign Assets

Posted by Vivek Jalan 11 December 2024 741 Views

Indian residents must declare foreign assets in ITRs. Revise your return by 31st Dec 2024 to avoid penalties. Learn more about Schedule FA & FSI compliance.