Articles by CA. Pushp Kumar Sahu

Critical analysis of section 68 of Income Tax Act, 1961

Posted by CA. Pushp Kumar Sahu 19 March 2022 11880 Views

There was a great need and importance for introducing the provisions of section 68 under the income tax act, 1961 to safeguard and protect the interest of revenue, as assessee was engaged in harmful tax practices to evade tax in the form of Black Money, Accommodation Entries, Cash Credit Entries etc.

Need of Revisional Authorities under Tax laws

Posted by CA. Pushp Kumar Sahu 04 February 2022 1718 Views

There is an utmost importance of Revisional authorities under Tax laws (both under Income Tax Law and GST Law) to safeguard and protect the interest of revenue as they act as a reviewer of the orders passed by the lower authorities which fall under their respective jurisdictions.

Why it is important to check Form 26AS before filing Income Tax Return

Posted by CA. Pushp Kumar Sahu 13 October 2021 5587 Views

Form 26AS is the most important statement while filing an ITR. One should always match the details with it for avoiding any notices and intimations from the department.

Contribution of Chartered Accountants to the Indian Economy

Posted by CA. Pushp Kumar Sahu 11 August 2021 3428 Views

In India, CA's are engaged in providing services right from the inception of the business till the closure of the business. A business can never grow and prosper without a Chartered Accountant.

CA Profession in the Digital Era

Posted by CA. Pushp Kumar Sahu 10 August 2021 7560 Views

The ICAI has setup a board named DAAB (Digital Accounting and Assurance Board) to take care and focus on the issues in accounting and assurance arising from the high pace of digitalisation.

Concept of Tax Information Exchange Agreement in India with Tax Havens and Secrecy Jurisdictions

Posted by CA. Pushp Kumar Sahu 11 January 2021 2446 Views

TIEA’s have proven to be a boon for the Indian Tax Administration by providing sensitive financial information about the residents of India who have accumulated wealth outside India.

How tax haven countries are used for tax evasion

Posted by CA. Pushp Kumar Sahu 27 October 2020 2219 Views

There was a great need and importance to stop malicious practices of tax evasion. To combat the same, government of various countries have come forward to act accordingly and has formed and amended their treaties and agreements with other countries in order to protect the economy and revenue interest of their country.