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UNION BUDGET ANALYSIS| FINANCE ACT 2022| INCOME TAX & GST
Finance Budget
CA. Kavit Vijay

UNION BUDGET ANALYSIS| FINANCE ACT 2022| INCOME TAX & GST

Union budget was presented by Hon’ble Finance Minister on 1st Feb 2022 in Parliament wherein various amendments are proposed under Income Tax Act and few changes are also proposed under Goods and Service Tax Act.
In this article, you will get a detailed analysis of amendments proposed by the Finance Act, 2022 in Income Tax and Goods and Service tax.

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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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