Articles by CA Varun Gupta

Notice Under Sections 263 and 377 of the Income Tax Act: Reply, Remedies and Mitigation

Posted by CA Varun Gupta

18 April 2026 1265 Views

A comprehensive analysis of Section 263 of the Income-tax Act, 1961 and Section 377 of the Income-tax Act, 2025, explaining revisional powers, jurisdictional tests, limitation, remedies and transition rules for orders prejudicial to the Revenue.

DIN Defect in Income Tax Orders after CBDT Circular No. 4/2026: Section 292BA, Retrospective Amendment and Assessee's Grounds of Appeal

Posted by CA Varun Gupta

17 April 2026 569 Views

CBDT Circular 4/2026 revises the DIN framework in income-tax communications, introducing section 292BA with retrospective effect. This article analyses key changes, limitations, and continuing litigation opportunities for taxpayers.

Slump Sale Taxation of Branch or Business Transfer in India: Section 50B, Rule 11UAE, Net Worth, Capital Gains and GST

Posted by CA Varun Gupta

16 April 2026 1671 Views

Comprehensive guide to slump sale under the Income Tax Act: understand Sections 2(42C) and 50B, Rule 11UAE valuation, net-worth computation, capital gains, and GST implications for business transfer vs asset sale.

Form 10A Delay Relief: CBDT Clarifies PCIT/CIT as Competent Authority

Posted by CA Varun Gupta

15 April 2026 1762 Views

CBDT Circular 01/2026 clarifies that jurisdictional PCIT/CIT, not CPC Bengaluru can condone delay in Form 10A under Section 12A. Know the impact, process and relief available for charitable trusts.

GST on Reimbursement of Expenses under Rule 33: Pure Agent, Section 15, Invoicing, GSTR-1 and E-Invoicing

Posted by CA Varun Gupta

14 April 2026 1007 Views

Understand GST on reimbursements: when expense recoveries are taxable under Section 15, when they qualify as pure-agent exclusions under Rule 33, and how to correctly invoice, report in GSTR-1 and handle e-invoicing without inflating turnover or triggering extra compliance.

Form No. 141 Schedule A Explained: New Rent TDS Reporting Rules from April 2026

Posted by CA Varun Gupta

13 April 2026 7758 Views

Understand the new rent reporting framework under Form No. 141 (Schedule A) effective 1 April 2026. Learn about tenant-landlord disclosures, deductee-wise TDS computation, property classification and key compliance requirements.

New TDS Rules 2026: Complete Guide to Form 141 Schedule C & Section 393(1)

Posted by CA Varun Gupta

10 April 2026 5714 Views

Learn everything about Form 141 Schedule C for TDS on contractor and professional payments from April 2026, including threshold, due dates and filing process.

TDS on Transfer of Virtual Digital Assets (VDA): Form No. 141 Schedule D

Posted by CA Varun Gupta

09 April 2026 101 Views

Comprehensive guide to VDA TDS compliance: understand the shift from Form 26QE to Form No. 141 (Schedule D) from 1 April 2026, including applicability, due dates, exchange vs buyer obligations and Form No. 132 certification.

Adverse Income Tax Assessment? Remedies Under Sections 143(3), 147 & 148 Explained

Posted by CA Varun Gupta

08 April 2026 350 Views

Facing an adverse income tax assessment under Sections 143(3) or 148? Explore practical remedies, appeal options, stay of demand, rectification, and strategic legal actions every assessee must consider for effective tax litigation.