Rajput Jain & Associates - Chartered Accountants in Delhi - Updates on GST, Taxation and Company Laws

Can Digital Transactions Trigger an Income Tax Notice? For many years, taxpayers believed that income tax scrutiny was largely limited to large cash deposits and cash transactions. However, with the rapid digitization of financial transactions and advancements in data analytics, the Income Tax Department now monitors a much wider range of financial activities. Today, transact...

Can Income Tax Attach a Resolution Professional’s Personal Bank Account Under the IBC? Based on the facts stated by you, the attachment of the personal bank account of Mr. XXX merely because he is acting as resolution professional (RP) of ABC Pvt. Ltd. appears legally questionable and prima facie unsustainable unless the Income Tax Department …

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India’s Tax & Advisory Industry Is More Than Just the Big 4 When people discuss careers in taxation, audit, and advisory, the focus often remains on the Big 4 firms. While they undoubtedly play a significant role in the profession, India’s tax and consulting ecosystem is far broader and more dynamic than many realize. Leading …

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GST treatment of Corporate Guarantees Between related party summarizes an important Gujarat High Court judgment in Torrent Investment Pvt. Ltd. v. Union of India (R/SCA/12175/2024) regarding the GST treatment of corporate guarantees provided between related parties. What is a corporate guarantee? A corporate guarantee is a guarantee provided by a holding company, parent compa...

FAST-DS 2026: Foreign Assets Disclosure Scheme for Small Taxpayers – Key Highlights The CBDT has introduced FAST-DS 2026 (Foreign Assets of Small Taxpayers Disclosure Scheme), a one-time voluntary disclosure opportunity for taxpayers to regularize certain undisclosed foreign assets and foreign income and obtain relief under the Black Money Act. What is FAST-DS 2026? FAST-DS i...