Articles by CA Sandeep Bhatnagar

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Sometimes we exchange assets such as immovable property and ignore the taxation aspect thinking that as there is no money transaction, no tax is applicable.  Let us understand the correct tax implications in such cases. What is the meaning of exchange?  In exchange, the transfer of propert..

Posted in Taxpayers |   566 Views



All about OIDAR

  CA Sandeep Bhatnagar    21 May 2019 at 13:32

In this hi-tech, age business has undergone major transformation and new methods of transactions have evolved which are fast paced and require little physical effort. Out of many one is the concept of OIDAR services which are provided through internet and received by the recipient online without phy..

Posted in Income Tax  4 comments |   3069 Views




.style2 { font-weight: bold; } In order to incentivize the equity markets Government has given various sops to this sector. Under Section 10(38) of Income Tax Act, exemption to long term capital gains arising from sale of equity shares in a company or unit of an equity oriented f..

Posted in Income Tax  4 comments |   4082 Views




President of India has promulgated the BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 w.e.f. February 21, 2019. This law has been brought to safeguard the hard-earned money of ignorant depositors from scrupulous deposit takers. Scope: - This ordinance is applicable to every person in r..

Posted in Others  1 comments |   1018 Views




Generally, when you file your return, a notice-cum-intimation is sent under Section 143(1) of the Income Tax Act, 1961. You may not respond to this notice, as in most cases it’s an intimation stating that your return has been successfully processed. However, sometimes the department can se..

Posted in Income Tax  12 comments |   3040 Views




Mandatory filing of MSME Form I announced vide Companies (Furnishing of information about payment to MSME suppliers) Order, 2019 dated January 22nd, 2019. Applicable on Every Company 'Public or Private' who Received Goods or Services 'from' Micro or Small Ent..

Posted in Corporate Law  31 comments |   3315 Views




GST is applicable on GTA and not on transport owners. When a consignment note is issued the lien on goods has been transferred to the transporter and the transporters become responsible for the goods until delivered to the consignee. Thus GST is applicable on such agency function. Services provided ..

Posted in GST  24 comments |   4937 Views




OECD AND G20 countries along with developing countries have been working for the development of the 'Base Erosion and Profit Shifting' (BEPS) Project. BEPS refers to corporate tax planning strategies used by multinational companies that artificially shift profits from higher tax locations to lower t..

Posted in Income Tax  2 comments |   1477 Views





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