Articles by CA Aman Rajput

CBDT releases guidelines for compulsory selection of ITR for mandatory scrutiny during FY 2024-25

CA Aman Rajput 08 May 2024 at 13:32

The Central Board Direct Taxes(CBDT) has released some guidelines relating to compulsory selection of Income tax returns for 100% Scrutiny during the financial year 2024-2025.

Lump Sum out-of-court Employee settlement and its Tax implications!

CA Aman Rajput 30 April 2024 at 08:29

Imagine you worked for a company, and after leaving your job, you received a lump sum from your employer as a settlement. Now, the big question is: do you need to pay tax on that money? And if yes, under which head will it be taxable?

Can Interest Income on Fixed Deposits be treated as capital receipts?

CA Aman Rajput 23 April 2024 at 10:03

In this article, the author is going to discuss the details of the case of Deputy Commissioner of Income-tax v. BTW Atlanta Transformers India (P.) Limited., by examining arguments in above case, and the tribunal's decision, which will help us in understanding the broader implications for the taxpayers as a whole

Enhancing Ease of Doing Business for Portfolio Managers: SEBI

CA Aman Rajput 17 February 2024 at 08:16

This article outlines various recommendations put forth by SEBI's Ease of Doing Business (EODB) working group and additional proposals aimed at streamlining processes and enhancing investor experience within the portfolio management industry.

Analysis of Section 80P Deduction for Co-operative Societies

CA Aman Rajput 16 February 2024 at 08:44

In this article we will discuss the intricacies of Section 80P, drawing insights from the recent Tribunal case of Sardar Patel Co-Operative Credit Society Ltd. v. Deputy Commissioner of Income-tax, Circle-2(3) (IT APPEAL NO. 645/SRT/2023).

The High Court's Ruling on NCLT's Powers under the IBC regarding GST demands

CA Aman Rajput 14 February 2024 at 08:47

The Insolvency and Bankruptcy Code of India, enacted in 2016, revolutionized the country's insolvency landscape by providing a consolidated framework for resolving corporate insolvency cases swiftly and efficiently.

Don't Let Tax Season Sneak Up on You: Tips to Save Big!

CA Aman Rajput 13 February 2024 at 08:48

Whether you're a seasoned taxpayer or new to the game, this article will provide you with the tools and information you need to take control of your finances and make the most of tax season.

Resolving Input Tax Credit Discrepancies under GST

CA Aman Rajput 10 February 2024 at 12:39

In a recent judgment by the Kerala High Court in the case of Kochi Medicals v. State Tax Officer, the court addressed the issue of mismatch between GST returns filed by a petitioner and the corresponding input tax credit available, highlighting the complexities faced by taxpayers during the initial stages of GST implementation.

Rajasthan Budget 2024: A Detailed Breakdown

CA Aman Rajput 09 February 2024 at 14:42

The Rajasthan Budget 2024, presented by Diya Kumari, marks the Bhajan Lal government's first budget in 22 years. It unveils several significant announcements impacting various sectors, aiming to improve the lives of citizens and bolster the state's economy.

Recent Regulatory and Technological Developments in the Indian Financial Sector

CA Aman Rajput 09 February 2024 at 08:50

In the recent times, the fiscal sector of India has witnessed a significant nonsupervisory reforms and technological advancements aimed at enhancing translucenc..