CA ALOK KUMAR

Time to negotiate your Tax Bills with Income Tax department – Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024)

By CA ALOK KUMAR December 9, 2024Advance Tax, BLACK MONEY ACT, Direct Tax, HUF Taxation, Income Tax, Income Tax Act 1961, Income Tax Department, Income Tax Order, Income Tax Refund, New Tax Regime, New Tax System, NGO Tax, Presumptive Taxation, Tax Assessment, Tax in India, TaxPayers Voice, Vivad se Vishwas, Vivad se Vishwas 2.0, Vivad se Vishwas 2024No Comments

The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024): Simplifying Tax Dispute Resolution The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024) is a transformative government initiative designed to address…

TDS Applicability on Payments for Google Workspace

What is the TDS rate for payments to Google India Pvt Ltd for Google Workspace services?

By CA ALOK KUMAR December 8, 2024Google Workspace, TDS on Google, TDS Rate, TDS U/s 194CNo Comments

TDS Applicability on Payments for Google Workspace: When making payments to Google India Pvt Ltd for services like Google Workspace, the nature of the service determines the TDS (Tax Deducted…

Accounting Standard (AS) 1: Disclosure of Accounting Policies

By CA ALOK KUMAR November 15, 2024Income Tax Act 1961No Comments

Accounting standards are guidelines established to ensure consistency, transparency, and comparability in the preparation and presentation of financial statements. They prescribe principles and methods for recognizing, measuring, and disclosing financial…

SEBI’s Finfluencer Rules: A Game-Changer for Investor Protection!!!

By CA ALOK KUMAR October 26, 2024Finfluencer, Investor Protection, SEBINo Comments

“Invest Smartly: SEBI’s Latest Move to Guard You Against Unregistered Finfluencers!” SEBI’s New Regulations for Finfluencers and Financial Platforms: Protecting Investors and Ensuring Market Integrity The Securities and Exchange Board…

Reverse Charge Mechanism in GST: A Comprehensive Guide

By CA ALOK KUMAR October 25, 2024Income Tax Act 1961No Comments

Introduction - What is Reverse Charge Mechanism (RCM) in GST? The Reverse Charge Mechanism (RCM) is a crucial provision in the Indian Goods and Services Tax (GST) law. It transfers…

Stridhan and Dowry are two distinct concepts

Stridhan in India: A Guide to Property Rights, Wealth Creation and Tax Insights

By CA ALOK KUMAR October 25, 2024Dowry, StriDhan, StriDhan & Dowry, StriDhan in India, Woman Empowerment, Woman Rights, Woman's EstateNo Comments

Stridhan and Dowry are two distinct concepts

What triggers a tax investigation, and what can TaxMan do if taxpayer doesn’t cooperate?

By CA ALOK KUMAR October 1, 2024Income Tax Act 1961No Comments

Triggers of a Tax Investigation A tax investigation is generally triggered when the tax authorities suspect tax evasion or non-compliance. Some of the common reasons that may raise suspicion and…

Query – What is difference in XIRR & CAGR?

By CA ALOK KUMAR September 30, 2024CAGR, Financial Lifeline, Financial ratio, Investment Portfolio, RBI, XIRRNo Comments

Query - What is difference in XIRR & CAGR?

RBI Guidelines on Digital Lending App & Lending service provider

By CA ALOK KUMAR September 29, 2024Digital India, Digital Lending, Digital lending App, DLA, Income Tax Act 1961, Lending service Provider, LSP, RBINo Comments

RBI/2022-23/111DOR.CRE.REC.66/21.07.001/2022-23 September 02, 2022 All Commercial Banks,Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks; andNon-Banking Financial Companies (including Housing Finance Companies) Madam/ Sir, Guidelines on Digital Lending A…

Query – What is GSTR1A? How and when to file form GSTR 1A?

By CA ALOK KUMAR September 29, 2024Income Tax Act 1961

Answer - A taxpayer who needs to amend any supply record furnished in GSTR 1 or need to add any supply record of same tax period, the same can be…