Articles by CA, CPA (USA) Shikhar Garg

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Rectification of Income Tax Orders u/s 154: A Guide

Posted by CA, CPA (USA) Shikhar Garg 13 January 2022 7987 Views

Understand the scope of Section 154 of the Income Tax Act for rectifying mistakes apparent from records. Learn what qualifies for rectification and its limitations.

CIT Powers Under Section 264: Revision Orders Explained

Posted by CA, CPA (USA) Shikhar Garg 05 January 2022 8908 Views

Understand CIT's powers under Section 264 of the IT Act 1961. Learn about revision orders, their scope, and limitations for assessees.

Actual Payment Section 43B: Income Tax Act 1961 Explained

Posted by CA, CPA (USA) Shikhar Garg 15 December 2021 13582 Views

Understand the 'actual payment' meaning under Section 43B of the Income Tax Act 1961. Learn which deductions require actual payment and when constructive payment applies.

Section 151: Safeguard for Income Tax Notice Approval

Posted by CA, CPA (USA) Shikhar Garg 10 December 2021 13925 Views

Understand Section 151 of the Income Tax Act 1961. Learn about the crucial safeguard requiring higher authority approval before issuing reassessment notices.