Articles by CA PIYUSH KAPOOR

Faceless e-assessment: Procedures, Difficulties and Role of Professional

CA PIYUSH KAPOOR 23 January 2020 at 10:44

The income tax department on October 7, 2019 launched its faceless e-assessment scheme for taxpayers. Under the scheme, there would be no physical interface between an assessing officer and an Assessee.

Search and inspection under GST

CA PIYUSH KAPOOR 09 May 2019 at 11:28

Meaning under GST ACT �Search� involves an attempt to find something. Search, in tax/legal parlance, is an action of

Key Points while Auditing Agriculture Advances

CA PIYUSH KAPOOR 01 April 2019 at 11:15

Before understanding the Norms for Agriculture Advance first should know about the Which type of Loans cover under Agriculture Advances:Types of Agricultural Lo..

Frequently asked questions regarding NPA

CA PIYUSH KAPOOR 01 April 2019 at 11:15

1. Whether a working capital account will become an NPA if the stock statements are not submitted regularly? What should be the period for which the stock state..

Cash gift and restriction on cash transaction

CA PIYUSH KAPOOR 08 May 2018 at 14:59

MEANING OF GIFT56(2)(vii) is applicable only when gifts are received by Individual and HUF. Donor or Donee may be Resident or non Resident. As per the Income Ta..

Cenvat credit on set top box

CA PIYUSH KAPOOR 03 May 2016 at 10:32

INTRODUCTIONService providers have at least a Telephone in their office. They are paying service tax on the telephone charges. The service tax on telephone charges becomes a part of the cost for the service provider. When

STRP

CA PIYUSH KAPOOR 18 July 2009 at 12:28

Introduction1. The Central Board of Excise and Customs (CBE&C) has come out with the Service Tax Return Preparer (STRP) Scheme, 20091 to sort out the problem of unemployment prevailing in the country. To pave way for the Scheme, section 71 was i

VIEW TAX CREDIT

CA PIYUSH KAPOOR 14 June 2009 at 15:22

VIEW TAX CREDIT- FORM 26ASOverviewForm 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules to PAN holders. This statement, with respect to a financial year, will include details ofa)Tax deducted at source (TDS);b)

GIFT FROM RELATIVE

CA PIYUSH KAPOOR 12 June 2009 at 12:34

Gift from a relative? No tax on itIntroduction It is widely known that gifts from relatives are tax-exempt. But what is not widely known at all is that gifts received even from non-relatives can also be completely exempt from income tax.