Articles by CA Varun Gupta

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

Posted by CA Varun Gupta 12 March 2026 2697 Views

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 Explained

Posted by CA Varun Gupta 07 March 2026 5446 Views

Understand the Budget 2026 proposal allowing ITR-U after a Section 148 notice. Learn about tax costs, penalty protection, and strategic choices.

ITR-U Changes 2026: Loss, Section 148 & Penalty Relief

Posted by CA Varun Gupta 06 March 2026 1326 Views

Discover how Finance Bill 2026 updates ITR-U for loss adjustment, Section 148 filings, and penalty relief. Learn about new compliance opportunities.

Finance Bill 2026 Proposes Section 147A to Clarify Assessing Officer Jurisdiction for Notices u/s 148 & 148A

Posted by CA Varun Gupta 16 February 2026 1042 Views

Understand proposed Section 147A in Finance Bill 2026, a retrospective clarification on who qualifies as "Assessing Officer" for Sections 148 & 148A notices, addressing JAO vs NaFAC/AU jurisdiction and ensuring legal alignment.

Section 292BA: End of DIN Assessment Challenges?

Posted by CA Varun Gupta 14 February 2026 979 Views

Finance Bill 2026 proposes Section 292BA to cure DIN quoting defects in assessments. Discover its impact and potential litigation.

Online Condonation of Delay for Form 9A, Form 10, Form 10B & Form 10BB: Portal Process, Rules and Key Pitfalls

Posted by CA Varun Gupta 06 February 2026 1078 Views

The Income-tax Department has enabled an online Condonation Request module for statutory forms like Form 9A, 10, 10B and 10BB. This guide explains the legal framework, step-by-step portal process, authority limits, documentation checklist and key reasons applications get rejected.