Articles by Amit Rai

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Unexplained Cash Credit- Section 68 of the Income Tax Act

Posted by Amit Rai 01 February 2021 14977 Views

Section 68 of Income Tax Act is one of the debated section which brings huge numbers of litigation and judgments, especially in case of Demonetisation, we have seen a number of assessment orders have been passed by the assessing officer invoking section 68

[Solved] Practical Issues in Implementation of Section 50C of the Income Tax Act

Posted by Amit Rai 28 October 2020 19618 Views

Section 50C is applicable only to land or building or both. Some practical aspects with regard to the implementation of provisions of section 50C are solved here.

The Direct Tax Vivad Se Vishwas Bill, 2020 (Amended)

Posted by Amit Rai 23 August 2020 12156 Views

The Direct Tax Vivad Se Vishwas Bill, 2020 (Amended)

Key takeaways from RBI Relief Package

Posted by Amit Rai 23 May 2020 2311 Views

RBI has taken to further measures to ease the financial stress caused by COVID-19 disruptions by providing relief on debt servicing and improving access to working capital; and steps to ease financial constraints faced by state governments.