Articles by CA Varun Gupta

12AB and 80G Renewal Not Granted: Legal Remedies Where the Application Is Pending, Rejected or Filed Late

CA Varun Gupta 24 March 2026 at 09:38

Understand what to do if Section 12AB registration or 80G approval is not renewed. Explore remedies for pending, rejected, or delayed applications, condonation options, appeal timelines, and practical steps to safeguard tax exemption and donor benefits.

TDS Demand Still Showing Due to Inoperative PAN? What to Do If No CBDT Relief Applies

CA Varun Gupta 23 March 2026 at 09:40

Understand how inoperative PAN due to non-linking with Aadhaar can trigger higher TDS/TCS demands under Sections 206AA/206CC. This detailed guide explains the complete CBDT framework, key circulars, relief conditions, and practical remedies including correction, rectification, grievance and appeal options for affected taxpayers.

Still Paying 30% Tax on Cryptocurrency Trading Without Claiming Loss Benefit? Read This Before Filing Your ITR

CA Varun Gupta 21 March 2026 at 10:28

Are crypto futures and options taxed under Section 115BBH or as speculative business? Understand the tax treatment, key distinctions between VDA transfer and cash-settled contracts, applicable rates, loss rules and ITR reporting implications.

GST First Appeal Pre-Deposit Explained: Why DRC-03 Is Not Enough & How DRC-03A Fixes It

CA Varun Gupta 20 March 2026 at 09:13

Practical guide to GST appeal filing under Section 107, explaining pre-deposit rules, DRC-03 payment issues, and the role of Form DRC-03A in ensuring proper adjustment against demand orders.

Budget 2026 Buyback Taxation: Capital Gains Treatment for Shareholders and Additional Tax for Promoters

CA Varun Gupta 19 March 2026 at 09:11

Budget 2026 proposes a major shift in buyback taxation by moving from dividend to capital gains treatment, benefiting minority shareholders while imposing additional tax on promoters to curb arbitrage.

Budget 2026 Crypto Reporting Rules Explained: Section 509 & New Section 446 Penalty Impact

CA Varun Gupta 18 March 2026 at 09:15

Budget 2026 introduces a Rs 200/day and Rs 50,000 penalty for non-furnishing or inaccurate crypto transaction reporting under Section 509 of the Income-tax Act, 2025, strengthening compliance and increasing scrutiny on taxpayers' crypto disclosures.

Taxation of Cryptocurrency Trading in India: Current Law and Post-Budget 2026 Position

CA Varun Gupta 14 March 2026 at 09:24

A comprehensive guide to cryptocurrency taxation in India covering Budget 2026 crypto reporting changes, 30% VDA tax under Section 115BBH, 1% TDS under Section 194S, Schedule VDA reporting, allowable deductions, and key compliance tips for crypto traders and investors filing ITR.

Income Tax Stay of Demand under Section 220(6): Budget 2026 Proposal to Reduce Pre-Deposit from 20% to 10%

CA Varun Gupta 12 March 2026 at 09:04

Budget 2026 proposes reducing the upfront payment for stay of income-tax demand from 20% to 10% of core tax demand. Learn the legal position, practical implications, and how taxpayers can seek relief during pending appeals.

ITR-U After Reassessment Notice? Budget 2026 Proposal Explained with Tax Cost & Penalty Protection

CA Varun Gupta 07 March 2026 at 06:57

Finance Bill 2026 proposes allowing ITR-U filing after a Section 148 notice, offering taxpayers a compliance route during reassessment. Understand the pros, costs, additional tax burden, and penalty relief under Sections 139(8A), 140B, and 270A before deciding between settlement and litigation.

ITR-U Under Finance Bill 2026 Explained: Loss Adjustment, Section 148 Filing and Penalty Relief

CA Varun Gupta 06 March 2026 at 08:12

Union Budget 2026 proposes key changes to the ITR-U (Updated Return) framework under the Income-tax Act, 1961, allowing reduction of losses, permitting filing after Section 148 notices, introducing an additional 10% levy, and granting penalty protection under Section 270A.