Articles by CA Udit Gupta

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TDS on Purchase or TCS on Sale: Hassle?

  CA Udit Gupta    26 April 2021 at 09:44

The predicament arises when the turnover of both the buyer and seller exceeds Rs 10 crores and both are liable to comply under their respective provisions; as the sale and purchase are flipsides of a transaction.



Are our Fixed Deposits safer than Equity Investments?

  CA Udit Gupta    13 April 2020 at 11:03

Few weeks ago, RBI capped the cash withdrawal on Yes Bank Deposits due to an alarming cash crunch in the bank. It did make us think - are our deposits safe?



Advance Ruling under the Income Tax Act

  CA Udit Gupta    07 April 2020 at 10:36

The Advance Ruling Mechanism was incorporated under Income Tax Act on the recommendations of Wanchoo Committee.