Articles by CA Varun Gupta

LUT under GST for Export of Services - Complete Guide to Zero-Rated Supply Compliance, Rule 96A Conditions & RFD-11 Filing

Posted by CA Varun Gupta 16 June 2025 2306 Views

This article provides a comprehensive overview of "Export of Services" under the GST regime, with a focus on the legal definition, compliance requirements, and the mechanism of filing Letter of Undertaking (LUT) for exporting without payment of IGST.

Section 271(1)(c) Penalty Disputes: Legal Analysis

Posted by CA Varun Gupta 11 June 2025 1484 Views

Understand Section 271(1)(c) penalty disputes. Learn why specifying the charge (concealment vs. inaccurate particulars) is crucial for validity.

Penalty Proceedings Must Be Deferred During Pendency of Quantum Appeal: Legal Framework and Judicial Guidance

Posted by CA Varun Gupta 06 June 2025 1359 Views

Understand why penalty proceedings under income tax law should be kept in abeyance when the quantum addition is under appeal. Learn legal precedents, practical guidance, and taxpayer rights.

ITR-U vs Condonation of Delay: Which is Best?

Posted by CA Varun Gupta 07 March 2025 905 Views

Compare ITR-U (Sec 139(8A)) and Condonation of Delay (Sec 119(2)(b)). Learn which is best for missed ITR deadlines, losses, and refunds.

ITR-U: File Updated Income Tax Return After Budget 2025

Posted by CA Varun Gupta 03 March 2025 2638 Views

Learn about the ITR-U (Updated Income Tax Return) under Section 139(8A). Discover eligibility, deadlines extended to 4 years, and how to file to correct past errors.

GSTR-9/9C Filing Deadline Extended: Avoid Penalties

Posted by CA Varun Gupta 27 February 2025 16459 Views

Missed GSTR-9 or GSTR-9C deadlines? File by March 31, 2025, with late fees waived. Avoid penalties and ensure GST compliance now!

Condonation of Delay in ITR Filing: Section 119(2)(b) Explained

Posted by CA Varun Gupta 19 February 2025 2289 Views

Understand Section 119(2)(b) & CBDT Circular 11/2024 for condoning ITR filing delays. Learn eligibility, procedures, and implications for refunds & loss carry-forwards.

Comprehensive Comparison of Section Numbers: Income Tax Act, 1961 vs. Income Tax Act, 2025

Posted by CA Varun Gupta 18 February 2025 7964 Views

To assist with this transition, the government has released a comparison chart that maps the sections of the Income Tax Act 1961 to their corresponding sections in the Income Tax Act 2025. This chart will be highly beneficial in helping you quickly locate the new sections if you remember the old section numbers.

Vivad Se Vishwas Scheme 2024: Your Guide to Tax Dispute Resolution

Posted by CA Varun Gupta 25 December 2024 803 Views

Settle income tax disputes with Vivad Se Vishwas Scheme 2.0 from Oct 1, 2024. Learn eligibility, deadlines, and payable amounts. Apply by Dec 31, 2024 for lower dues.