Articles by Amit Rai

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

Amit Rai 28 October 2020 at 11:06

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.

Unexplained Cash Credit- Section 68 of the Income Tax Act

Amit Rai 05 August 2020 at 10:14

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

Key takeaways from RBI Relief Package

Amit Rai 23 May 2020 at 10:11

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.