Articles by Mayank Mohanka

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Representation to FM on Remedial Measures for Glitches in New E-Filing Portal

Mayank Mohanka 19 June 2021 at 11:04

Representation to FM on Remedial Measures for Glitches in the New E-Filing Portal

Posted in Income Tax | 4 comments | 5907 Views

When You Go For Seeking Adjournment & End Up in Winning Your Case!!!

Mayank Mohanka 04 May 2021 at 09:48

The author has shared one of his cases that lead to an amendment in the Income-tax Act, allowing Power Sector Companies to compute their Book Profits for the purpose of MAT either on the basis of the Electricity Regulatory Act or the Companies Act.

Posted in Income Tax | 837 Views

Fasting for Stranded Resident Indians & A Half-Baked Cookie for NRIs!!

Mayank Mohanka 08 March 2021 at 09:44

CBDT fails to recognise that the question is not of the double taxation issue but the probable adverse taxation consequences arising out of an individual's changed residential status due to his/her forced stay of more than 182 days in India, due to COVID.

Posted in Income Tax | 903 Views

CBDT Extends Vivad se Vishwas Dates Yet Again!!

Mayank Mohanka 27 February 2021 at 09:45

CBDT vide its Notification No. 9/2021 dated February 26, 2021, has further extended the Due Dates under the Direct Tax Vivad se Vishwas Act, 2020.

Posted in Income Tax | 1077 Views

Union Budget 2021 | Straight and Honest Talk on Budget Amendments

Mayank Mohanka 26 February 2021 at 10:01

Analysing the four important provisions laid down by the Finance Minister in Union Budget 2021 in this Straight and Honest Talk on Budget Amendments.

Posted in Union Budget | 1620 Views

Pre-Budget Wish from the First Paperless Union Budget 2021-22

Mayank Mohanka 25 January 2021 at 09:45

In this Taxalogue, among all the suggested tax reforms/amendments, I would like to specially discuss the Doctrine of Audi Alteram Partem and its criticality and significance in the Faceless Tax Administration Regime, in detail.

Posted in Union Budget | 3 comments | 8349 Views

Decoding the New Rules of Penalty Shoot-out: Faceless Penalty Scheme 2021!!

Mayank Mohanka 15 January 2021 at 09:51

In this Taxalogue, we have decoded and explained the newly inserted rules of penalty shoot-out i.e. the newly legislated Faceless Penalty Scheme, 2021 and its provisions.

Posted in Income Tax | 8958 Views

Seven Reporting Clauses in Tax Audit Report causing Hardship to Tax Auditor & Auditee if the due date does not extend

Mayank Mohanka 30 December 2020 at 10:08

In this Taxalogue, I am discussing at least 7 Reporting Clauses in the Tax Audit Report (Annexure Form 3CD), which requires reporting by the Tax Auditor on certain specified compliances by the tax auditee up till the due date of filing of ITR u/s 139(1) of the Income Tax Act.

Posted in Income Tax | 4473 Views

Key Takeaways from New FAQs issued by CBDT on Vivad se Vishwas Scheme, 2020

Mayank Mohanka 07 December 2020 at 09:58

In this article, we discuss some of the key takeaways from the new FAQs issued by the Central Board of Direct Tax on 4th December 2020 on Vivad se Vishwas Scheme, 2020.

Posted in Income Tax | 6657 Views

GST Compliance Alert for 93% of Registered Persons in GST: The Crucial Date of 30th November, 2020

Mayank Mohanka 30 November 2020 at 10:02

At present, 93% of Registered Persons under GST are having their AATO of up to Rs. 5 crores, and the date of 30.11.2020 is very significant and crucial for all such registered persons.

Posted in GST | 15951 Views