Articles by Sahil Jaiswal

Benefits of Buying a Flat in Your Wife's Name

Sahil Jaiswal 05 November 2024 at 14:27

Buying a flat in your wife's name can offer various tax benefits and other financial advantages, especially in countries like India, where tax laws provide incentives for female property ownership. Here are the key benefits and things to consider.

GST Raid Checklist: How GST Raids Impact Businesses?

Sahil Jaiswal 02 November 2024 at 10:33

A GST (Goods and Services Tax) raid is a critical enforcement action taken by tax authorities when they suspect tax evasion, non-compliance, or fraudulent activity related to GST.

Claiming Income Tax Refunds: CBDT's New Rules from October 2024

Sahil Jaiswal 14 October 2024 at 11:35

Starting October 2024, the Central Board of Direct Taxes (CBDT) introduced new guidelines to streamline the process for taxpayers seeking income tax refunds or carrying forward losses, especially in cases where they missed the original filing deadlines.

Supreme Court Ruling on Reassessment Notices: 90,000 Taxpayers Affected by SC Verdict

Sahil Jaiswal 07 October 2024 at 10:45

The recent Supreme Court ruling on tax reassessment notices has significant consequences for around 90,000 taxpayers. The verdict upholds the validity of reasse..

Tax Audit Due Date Extended: Boon for Taxpayers or an Unneeded Measure?

Sahil Jaiswal 03 October 2024 at 10:30

The extension of tax audit due dates often sparks debate between taxpayers and authorities. Whether it’s seen as a boon or an unnecessary measure largely depends on the perspective and context surrounding the decision.

Income Tax Department's Eye on High-Value Credit Card Transactions

Sahil Jaiswal 27 September 2024 at 10:40

The Income Tax Department of India has been increasingly monitoring high-value credit card transactions as part of its efforts to curb tax evasion and ensure better tax compliance.

Income Tax Notices on the Rise: Reasons Behind the Surge and How to Respond Effectively

Sahil Jaiswal 18 September 2024 at 11:03

Understanding why these notices are being issued more frequently and how to respond effectively can help taxpayers manage their tax compliance better.

Special Procedure for Rectification of ITC Orders: GST Council's Proposed Procedure

Sahil Jaiswal 14 September 2024 at 13:19

The recent recommendations from the 54th GST Council meeting, held on September 9, 2024, include important updates concerning rectifications procedure for Input Tax Credit (ITC) orders.

Direct Tax Code (DTC): Key Features, Challenges and Criticisms

Sahil Jaiswal 03 September 2024 at 10:51

The goal of the DTC is to create a tax system that is easier to understand, more equitable, and capable of generating revenue efficiently without causing undue hardship to taxpayers.

GST on Insurance Premiums: GST Council to Review Removal of 18% GST

Sahil Jaiswal 19 August 2024 at 11:05

In a move that could significantly impact policyholders and the insurance sector, the Goods and Services Tax (GST) Council is set to review the current 18% GST on insurance premiums.