CONSULTEASE.COM | CA Pankaj Gupta | Activity

CA Pankaj Gupta wrote a new post, Late Fees on Filing of ITR Beyond Due Date

Thu, 14 Jan 2021 12:15:22 +0000

Late Fees on Filing of ITR Beyond Due Date
“It is very disappointing to note that mandatory Late fees under 234F for late filing of ITR is being levied by the income tax department by having a misinterpreted d […]

CA Pankaj Gupta wrote a new post, Tax on Presumptive Profit of Business & Profession

Thu, 07 Jan 2021 08:41:43 +0000

Tax on Presumptive Profit of Business & Profession
“An option has been given to a certain category of an assessee carrying on business or profession to pay income tax on presumptive income”
I. Pre […]

CA Pankaj Gupta wrote a new post, Optional System of Income Tax For Corporates

Mon, 14 Dec 2020 06:05:18 +0000

Optional System of Income Tax For Corporates
“An option to corporates has been given to get taxed at reduced rates by foregoing certain deductions/Exemptions. This should benefit a lot of companies”
I. Pre […]

CA Pankaj Gupta wrote a new post, Deductions for Medical Treatment under Income Tax

Mon, 30 Nov 2020 11:10:35 +0000

Deductions for Medical Treatment under Income Tax
“A simple provision for claiming the deduction for medical treatment is not so simple to understand. Various intricacies which arises have been discussed in t […]

CA Pankaj Gupta wrote a new post, Ambiguities Due to Extension of Due Dates for ITR

Wed, 28 Oct 2020 06:48:00 +0000

Ambiguities Due to Extended Due Date for ITR
“CBDT has further extended the due date of filing an income tax return to 31st December 2020 in Non-Audit cases and to 31st January 2021 for Audit cases. However, s […]

CA Pankaj Gupta wrote a new post, Stamp Duty Valuation of Immovable Property

Tue, 11 Aug 2020 07:31:23 +0000

Stamp Duty Valuation of Immovable Property
I. Preamble:
Valuation of immovable property for the purpose of stamp duty is an important aspect. The stamp duty is payable as per the provisions of the Registration […]

CA Pankaj Gupta wrote a new post, GST Implications on Association of Apartment Owners

Mon, 10 Aug 2020 05:13:47 +0000

GST Implications on Association of Apartment Owners
I. Preamble :

These days the concept of ‘Association of Apartment Owners’ is gaining lot of importance to facilitate the upkeep of the residential projec […]

CA Pankaj Gupta wrote a new post, Signing of Documents Digitally by a Director

Mon, 08 Jun 2020 08:43:58 +0000

Signing of Documents Digitally by a Director
I. Preamble:
These days Video Conferencing, Electronic Voting, and Electronic Records are becoming a norm. And rightly so, as it results in saving a lot of resources […]

CA Pankaj Gupta wrote a new post, Professional Services Vs. Technical Services U/s 194J of Income Tax Act, 1961

Fri, 05 Jun 2020 05:46:31 +0000

Professional Services Vs. Technical Services U/s 194J of Income Tax Act, 1961
This analysis has assumed great importance due to the amendment of section 194J by the Finance Act, 2020 with effect from 1st April […]

CA Pankaj Gupta wrote a new post, Relaxation in Compliances Under Various Laws Due To COVID-19 Lockdown

Sat, 30 May 2020 13:18:18 +0000

Relaxation in Compliances Under Various Laws Due To COVID-19 Lockdown
1. Income Tax

S.No
Compliance
Original Status
After Relief
Measures
Remarks

1
Income Tax Return Filing
the date for F.Y […]