Articles by Mayank Mohanka

Amazon (Gopal Subramanium) vs. Reliance/Future Group (Harish Salve): An Intriguing Battle of Market Share & Nerves

Mayank Mohanka 09 November 2020 at 10:03

Jeff Bezos' Amazon, Reliance Jio Mart, and Walmart Inc's Flipkart are in a battle to gain market share in India, where millions of middle-class customers are newly adopting online purchases of food and groceries due to the COVID-19 pandemic.

Remembering Demonetisation on its Fourth Birth Anniversary!!

Mayank Mohanka 09 November 2020 at 10:03

Who can forget? Nov 8, 2016. Time: 8 p.m. PM Modi announced the demonetization of Rs. 500 and Rs. 1000 notes. On its fourth anniversary, we remember the demonetization decision and its implications today.

Faceless Assessments & Appeals - A new era of Transparency, Efficiency, and Accountability

Mayank Mohanka 07 November 2020 at 09:52

On 13.8.2020, PM launched a new platform for transparent taxation - ‘honoring the honest’. The major thrust of this platform is on two pathbreaking & bold reforms - faceless assessments and faceless appeals.

Is the Union Government also facing huge losses amidst COVID-19?

Mayank Mohanka 30 October 2020 at 10:25

Consolidated Half Yearly Accounts of the Union Government of India are reflecting a DEFICIT Balance of Rs. 9,13,993 crores.

GST Compliance Alert: Taxpayers, Beware of Two Critical Dates viz. 15th & 20th October 20

Mayank Mohanka 14 October 2020 at 10:43

CBIC has recently issued two very significant Notifications, mandating crucial GST Compliances. This makes 15th and 20th Oct, very crucial.

Practical Case Studies on Tax Payable under the Vivad se Vishwas Scheme, 2020

Mayank Mohanka 13 October 2020 at 10:04

The due date of making payment of disputed tax was extended to 31.12.2020. Let us discuss the practical Case Studies on Tax Payable under the Vivad se Vishwas Scheme, 2020.

AGM Due Date Impasse for FY 2019-20 gets Finally Resolved

Mayank Mohanka 10 September 2020 at 10:01

AGM Due Date Impasse for FY 2019-20 gets Finally Resolved. MCA Extends AGM & Annual Accounts Laying Date for around 12 Lakh Indian Companies by Three Months to 31.12.2020, from existing due date of 30.9.2020.

NCT of Delhi & Haryana Extends AGM Date for Delhi & Haryana based Companies by Three Months from the Due Date of 30.9.2020. Will Other States Follow?

Mayank Mohanka 09 September 2020 at 10:23

ROC, NCT of Delhi & Haryana Extends AGM & Annual Accounts Laying Date for Delhi & Haryana based Companies by Three Months from the Due Date of 30.9.2020. Will Other States Follow?

The Task FORCE which was never Constituted

Mayank Mohanka 27 April 2020 at 10:50

There is some report circulating on social media regarding suggestions by a few IRS officers on tackling Covid-19 situation. It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report

Impact of drastic fall in crude oil prices on Indian Economy

Mayank Mohanka 24 April 2020 at 10:31

A negative price suggests, instead of buyers paying the sellers, sellers were paying buyers, $37 per barrel of crude oil, along with the crude oil.The producers (who dig the oil) didn't want it. The refiners won't touch it. And the consumers have no need for it.At the close of trading hours, the Crude OIL WTI future price breached the $0 level.