Articles by Vivek Jalan

Section 92C(2): 5% Tolerance Benefit Available Even with a Single Comparable, Rules ITAT

Posted by Vivek Jalan 05 August 2026 17 Views

ITAT Kolkata rules that the benefit of the ±5% tolerance band under Section 92C(2) is available even when only one comparable remains in the transfer pricing analysis, provided the variation falls within the prescribed limit.

No Capital Gains on Agricultural Land Under Section 2(14): Key Legal Position Explained

Posted by Vivek Jalan 03 August 2026 4860 Views

Does agricultural land attract capital gains tax? Learn why agricultural income or farming activity is not mandatory under Section 2(14)(iii), with ITAT Ahmedabad's ruling in Meghdeep Farms Pvt. Ltd. and key tax implications explained.

PMLA Scanner for CAs, CSs & CMAs: Compliance Explained

Posted by Vivek Jalan 22 July 2026 714 Views

Practising CAs, CSs & CMAs are now under the PMLA scanner. Understand key compliance obligations, including due diligence & reporting, for financial transactions.

Section 153A: No Additions to Completed Assessments Without Incriminating Material

Posted by Vivek Jalan 09 July 2026 1417 Views

Discover how Section 153A protects completed tax assessments. Learn why incriminating material is essential for any additions post-search.

CBDT Monetary Limits for Income Tax Appeals

Posted by Vivek Jalan 12 June 2026 147 Views

Understand CBDT's monetary limits for filing income tax appeals at ITAT, High Court & Supreme Court. Learn when appeals are filed based on tax impact.

Angel Tax Explained: Exemptions & Rule 11UA Changes

Posted by Vivek Jalan 11 June 2026 94 Views

Understand Angel Tax exemptions for startups and foreign investors, plus Rule 11UA amendments and the impact of Section 56(2)(viib) omission.

Trusts & Forms 10A, 10AB, 10BD, 10BE: CBDT Circular 6/2023

Posted by Vivek Jalan 09 June 2026 263 Views

Understand CBDT Circular 6/2023 for Trusts. Discover extended deadlines for Forms 10A, 10AB, 10BD, 10BE and crucial clarifications on donations and audits.

India Tax Exemption for Govt Securities: FIIs & BIS

Posted by Vivek Jalan 08 June 2026 141 Views

New Ordinance exempts FIIs & BIS from tax on Govt securities income & capital gains. Boosts foreign investment & forex reserves in India.

Section 69A Explained: Bitumen Not a 'Valuable Article' for Tax

Posted by Vivek Jalan 01 June 2026 51 Views

Understand Supreme Court ruling on Section 69A: Bitumen isn't a 'valuable article' for tax additions. Learn what constitutes a valuable article.

TCS on Foreign Credit Card Spends: Section 206C(1G) Explained

Posted by Vivek Jalan 30 May 2026 196 Views

Understand how Section 206C(1G) impacts TCS on foreign credit card spends. Learn about rates, exemptions up to ₹7 lakh, and implications for travelers.