Articles by CA Ankit Gulgulia (Jain)

Detailed Analysis of Guidelines for Compounding of Offences under IT Act 1961

CA Ankit Gulgulia (Jain) 02 January 2023 at 16:38

In supersession of all earlier Guidelines including the last Guidelines of the issued vide F.No.285/08/2014TT (lnv.V)/147 dated 14th June, 2019, the CBDT Issued revised guidelines vide F.No. 285/08/2014-IT(lnv.V)/196 dated 16th September, 2022 which were made applicable with immediate effect.

How Genpact Managed to Pull Off Intermediary Case under GST in its Favor - Decoding Judgment

CA Ankit Gulgulia (Jain) 18 November 2022 at 15:47

This judgment is full of relief for many BPO's and Service providers exporting services in manner that three parties get involved.

Small delay in depositing PF & ESI would lead to irreparable income tax loss decides Supreme Court

CA Ankit Gulgulia (Jain) 20 October 2022 at 08:53

Most of us are under an impression that depositing Provident Fund and ESI although is a regular monthly exercise but a small delay cannot impact any Income Tax Perspective since we can claim deduction of such PF and ESI Contribution if it is deposited before the Due date of Filing Income Tax Return under Income Tax Act, 1961.

Gujarat High Court Delivers Two in One Reliefs for Real Estate Industry in India

CA Ankit Gulgulia (Jain) 11 May 2022 at 09:05

On 6th May, 2022, The Hon'ble Gujarat HC delivered a 'soothing to the sight' of developers and builders judgement in case of MUNJAAL MANISHBHAI BHATT VERSUS UNION OF INDIA 2022 (5) TMI 397 wherein it has in principal addressed to two issues of GST on Real Estate.