CA ALOK KUMAR, Author at CA ALOK KUMAR

Pathway of Viksit Bharat

By CA ALOK KUMAR July 27, 2024Pathway of Viksit Bharat1 Comment

The Union Budget 2024-25 delineates a visionary roadmap for transforming India into a developed nation, termed "Viksit Bharat." This strategy encompasses nine pivotal priorities designed to generate abundant opportunities for…

Transitioning from Old to New Tax Regime Post Budget 2024

By CA ALOK KUMAR July 27, 2024Direct Tax, HUF Taxation, Income Tax, Income Tax Act 1961, Income Tax Department, New Tax Regime, New Tax System, NRI Tax In India, Presumptive Taxation1 Comment

Budget 2024 has introduced significant changes to the new tax regime, offering increased tax relief by revising income tax slabs and enhancing standard deductions. Taxpayers now face a crucial decision:…

Vivad se Vishwas 2.0: Settlement Made Easy

By CA ALOK KUMAR July 26, 2024Income Tax, Income Tax Act 1961, Income Tax Department, Income Tax Order, ITAT Decision, Judicial Decision, source of income, Vivad se Vishwas, Vivad se Vishwas 2.0, Vivad se Vishwas 20241 Comment

Vivad se Vishwas Scheme 2024 (VVS 2024) aims to streamline the resolution of long-pending tax disputes at the Commissioner (Appeals) level, building on the success of its 2020 predecessor. This…

ITR Filing FY 2023-24: Nearly 50% of Taxpayers Yet to File Due to Website Issues

By CA ALOK KUMAR July 26, 2024Income Tax, Income Tax Act 1961, Income Tax Department, ITC Refund, ITR Filing, ITR Filing Due Date, ITR-1, TAX COMPLIANCE IN INDIA, Tax Filing In India, Tax in IndiaNo Comments

For the financial year 2023-24, there have been significant issues with the Income Tax Return (ITR) filing process in India. Nearly 50% of taxpayers have not yet filed their returns,…

What to Do If TDS Is Not Correct in 26AS?

By CA ALOK KUMAR May 20, 2024Accounting Standard, Advance Tax, Advance Tax Due Date, challan serial number, high-value transactions, Income Tax Act 1961, Income Tax Order, ITR Filing, ITR Filing Due Date, ITR-1, Non-filing of TDS Return, quarterly TDS returns, Self Assessment Tax, Tax Collected at Source, Tax Deducted at Source, TCS Certificate, TDS credits, TDS ON SALARY INCOME, TDS payment reconciliation, wrong BSR codeNo Comments

Tax Deducted at Source (TDS) is a crucial aspect of tax compliance in India. Both Form 16 and Form 26AS are essential documents for filing Income Tax Returns (ITR). Form…

NCDRC Orders Bisleri to Pay Rs 25,000 for Selling Contaminated Water Bottle

Bisleri Fined for Selling Contaminated Water Bottle

By CA ALOK KUMAR May 9, 2024Court Judgement, Digital Court, High Court, Supreme CourtNo Comments

NCDRC Orders Bisleri to Pay Rs 25,000 for Selling Contaminated Water Bottle

Supreme Court Issues Notice on Complaint on Privacy violation by Credit Score Companies

By CA ALOK KUMAR May 9, 2024CIBIL, CICR ACT, CICR Act 2005, RBI, Supreme CourtNo Comments

Supreme Court Issues Notice on Complaint on Privacy violation by Credit Score Companies

CBDT Extends PAN-Aadhaar Linking Deadline to May 31, 2024

By CA ALOK KUMAR April 24, 2024Income Tax Act 1961No Comments

CBDT Extends PAN-Aadhaar Linking Deadline to May 31, 2024

PAN Misuse in Fraudulent HRA Claims: CBDT Circular and Judicial Insights

By CA ALOK KUMAR April 24, 2024Income Tax Act 1961No Comments

PAN Misuse in Fraudulent HRA Claims: CBDT Circular and Judicial Insights

Reduced Waiting Periods for Pre-Existing Diseases: New Health Insurance Rules 2024

By CA ALOK KUMAR April 16, 2024Income Tax Act 1961No Comments

OverviewWhen purchasing a health insurance policy, the insurer outlines the waiting periods for pre-existing and specific conditions which are initially excluded from coverage. Recently, the regulator has shortened these waiting…

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