Income Tax

SOP for Handling Writ Petitions where Assessment has been Made Under the FAS’19 and/or Penalty Passed Under FPS’21
Faceless Assessments
CA. Kavit Vijay

SOP for Handling Writ Petitions where Assessment has been Made Under the FAS’19 and/or Penalty Passed Under FPS’21

The Central Government observed that National Faceless Assessment Centres (NaFAC) is one of the biggest respondent-litigants in taxation matters.

Since NaFAC has no primary role in defending the writ except in cases where the scheme itself is challenged, the Pr. CIT (Jurisdictional) has been appointed as the authority to defend the case before the Hon’ble High Courts.

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Specific transactions for PAN
Expat Taxation
CA. Kavit Vijay

Specific transactions for which an expatriate will be required to obtain PAN

PAN is an identity provided by the income tax authorities to each taxpaying individual , which is necessary for each one who is needed to file income tax return, and for people who wish to deal in the financial transaction. Expatriates wanting to work in India or to indulge in any business transaction with a company based in India would also need a PAN for such transactions.

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All About New Labour Codes | Labour Code Bills
Labour codes
CA. Sachin Jindal

All about new Labour codes

One of the biggest impacts of the new labour law will be on the take-home salaries, which is expected to reduce, owing to the fact that the government is eyeing increasing contributions towards provident fund (PF) and other post-retirement schemes. The new laws are expected to come into play soon, which will force employers to modify their employee compensations

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