Articles by Vivek Jalan

GST on Online Gaming & Gambling: Rules 31B & 31C Explained

Posted by Vivek Jalan 22 September 2023 4024 Views

Understand GST on online gaming and gambling with Rules 31B & 31C. Learn how supply value is calculated and see practical examples.

Revenue vs Capital Expenditure & Depreciation

Posted by Vivek Jalan 20 September 2023 2578 Views

Understand the difference between revenue and capital expenditure, and when depreciation applies to intangible assets like non-compete fees.

PMLA Act Updates: Stricter Rules for Financial Transactions

Posted by Vivek Jalan 18 September 2023 12732 Views

Discover the latest PMLA Act amendments impacting banking & financial transactions. Learn about new principal officer responsibilities and stricter client due diligence. Read now!

30-Day IRN Reporting: New GST Rules from Nov 1st

Posted by Vivek Jalan 15 September 2023 2652 Views

Understand the new 30-day IRN reporting deadline for GST invoices from Nov 1st, 2023. Learn about the implications for businesses with turnover over Rs. 100 Crs.

Loan Source Explained: AO Must Prove Fraudulent Claims

Posted by Vivek Jalan 12 September 2023 2091 Views

Understand Section 68 of the Income Tax Act. Learn when an AO must prove loan fraud and what details taxpayers need to provide.

Supreme Court Ruling on Section 153A/153C Assessments

Posted by Vivek Jalan 02 September 2023 3105 Views

Understand the Supreme Court's ruling in Pr. CIT v/s Abhisar Build well Pvt. Ltd. and its implications for completed and pending tax assessments. Learn how to implement the judgment.

Safe Harbour Rules Extended to AY 2023-24

Posted by Vivek Jalan 26 August 2023 6489 Views

Discover how Safe Harbour Rules for transfer pricing have been extended to AY 2023-24, offering continued certainty for taxpayers.

Tax Penalties: Can You Bargain with the AO?

Posted by Vivek Jalan 24 August 2023 1255 Views

Explore tax penalties under Income Tax Act. Can you agree to NIL income to avoid litigation? Learn about Section 271(1)(c) and 271D proceedings.

EPC Contractor Assessments: Beyond Form 26AS

Posted by Vivek Jalan 19 August 2023 2453 Views

Discover why comparing EPC contractor accounts solely to Form 26AS is insufficient. Learn how to properly assess complex EPC businesses.

GST Clarification: Credit Card Interest vs Loan Interest

Posted by Vivek Jalan 10 August 2023 2227 Views

Banks seek GST Council clarification on taxing credit card service interest vs. loan interest following a significant court ruling. Understand the implications....