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Posts by CA ALOK KUMAR

About CA ALOK KUMAR
Fellow member of the Institute of Chartered Accountants of India and Working as a Partner of most reputed CA firm name as S.K. Mehta & Co
Supreme Court Issues Notice on Complaint on Privacy violation by Credit Score Companies

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

Posted by By CA ALOK KUMAR May 9, 2024Posted inCIBIL, CICR ACT, CICR Act 2005, RBI, Supreme CourtNo Comments
Supreme Court Issues Notice on Complaint on Privacy violation by Credit Score Companies
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CBDT Extends PAN-Aadhaar Linking Deadline to May 31, 2024

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

Posted by By CA ALOK KUMAR April 24, 2024Posted inIncome Tax Act 1961No Comments
CBDT Extends PAN-Aadhaar Linking Deadline to May 31, 2024
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PAN Misuse in Fraudulent HRA Claims: CBDT Circular and Judicial Insights

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

Posted by By CA ALOK KUMAR April 24, 2024Posted inIncome Tax Act 1961No Comments
PAN Misuse in Fraudulent HRA Claims: CBDT Circular and Judicial Insights
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Reduced Waiting Periods for Pre-Existing Diseases: New Health Insurance Rules 2024

Posted by By CA ALOK KUMAR April 16, 2024Posted inIncome 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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RBI Circular on Fair Lending Practice – Penal Charges in Loan Accounts

Posted by By CA ALOK KUMAR April 16, 2024Posted inIncome Tax Act 1961No Comments
1. Para 3(viii) of the circular specifies that in the case of existing loans, the switchover to new penal charges regime shall be ensured on next review or renewal date…
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Supreme Court Advocates for Limited Use of Pre-Trial Injunctions to Uphold Freedom of Speech and Public Right to Information

Posted by By CA ALOK KUMAR March 26, 2024Posted inIncome Tax Act 1961No Comments
Supreme Court Emphasizes the Rarity of Media Injunctions to Preserve Free Speech The Supreme Court of India has recently underscored the importance of exercising restraint in granting pre-trial injunctions that…
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What is the Concept of NPS in India? What are the benefits in terms of future Pension, Profit and tax incentive?

Posted by By CA ALOK KUMAR March 26, 2024Posted inIncome Tax Act 1961No Comments
The National Pension System (NPS) in India is a government-sponsored pension scheme that was launched in January 2004 for government employees. However, in 2009, it was opened to all sections…
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How does the ‘Digital India’ initiative connect with the promotion of UPI payments?

Posted by By CA ALOK KUMAR March 25, 2024Posted inIncome Tax Act 1961No Comments
The "Digital India" initiative is a flagship program launched by the Government of India to transform India into a digitally empowered society and knowledge economy. It aims at ensuring government…
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What is Section 40B of income tax under Income Tax Act in India?

Posted by By CA ALOK KUMAR March 25, 2024Posted inIncome Tax Act 1961No Comments
Section 40B of the Income Tax Act in India pertains to the deductions and limits on interest, salary, bonus, commission, or remuneration paid to partners by a partnership firm or…
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What is Micro Finance? How is it affecting Indian Economy?

Posted by By CA ALOK KUMAR March 25, 2024Posted inIncome Tax Act 1961No Comments
Microfinance refers to a variety of financial services provided to low-income individuals or those who lack access to typical banking services. It includes microloans, micro-savings, and micro-insurance products designed to…
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