Articles by CA Varun Gupta

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Comprehensive Guide to Vivad Se Vishwas Scheme 2024: Insights from Circular No. 12/2024

  CA Varun Gupta    25 December 2024 at 08:52

Overview of the Vivad Se Vishwas Scheme 2024 (VSVS 2024) in accordance with Circular No. 12 of 2024, Dated October 15, 2024



New Process for Condonation of Delay in Filing Forms 9A, 10, 10B and 10BB: Key Highlights of Circular 16/2024

  CA Varun Gupta    17 December 2024 at 08:53

In certain instances, due to unforeseen circumstances, the assessee or auditor may file the audit report for the trust in Forms 9A, 10, 10B, or 10BB after the due date. As a result, it has become a common practice for the IT Department to treat the receipt amount as income of the trust and levy tax on it.



Arbitrary Rejections of Section 154 Rectification Requests Challenge Taxpayers

  CA Varun Gupta    16 December 2024 at 08:47

The recent rejection of a rectification request under Section 154 of the Income Tax Act, 1961, by the Income Tax Department without providing any explanation has drawn criticism.