Krishna Gopal Varshney
- An editor at apnokaca
Krishna Gopal Varshney Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
The Latest from Krishna Gopal Varshney
.jpg )
Section 80IA: Tax Incentives for Infrastructure Development
Ever wondered how India builds its infrastructure? Section 80IA of the Income Tax Act plays a key role! This blog dives deep into the benefits it offers businesses involved in building roads, power plants, and other critical infrastructure projects. Learn about eligibility, tax deductions, and how it fuels the nation's growth.
.jpg )
Understanding Section 50B of the Income Tax Act: Slump Sale and Its Tax Implications
This blog provides an in-depth exploration of Section 50B of the Income Tax Act, focusing on the concept of slump sales. It explains the unique characteristics of slump sales, how capital gains are calculated, and the tax implications for both short-term and long-term gains. The blog also covers compliance requirements, exemptions, common misconceptions, and challenges, supported by real-life case studies. Essential for businesses and tax professionals, this guide aims to demystify Section 50B and provide clear insights into the taxation of slump sales.
Section 54EC: A Guide to Tax Savings on Real Estate Sales
Sold your property and facing a hefty capital gains tax? Don't fret! Section 54EC of the Income Tax Act offers a golden opportunity to save tax. This blog dives deep into Section 54EC, explaining how you can invest your capital gains in specific bonds and get a tax exemption. Explore eligibility, benefits, and smart strategies to maximize your tax savings.
Understanding Depreciation under Section 32 of the Income Tax Act
This extensive blog explores the nuances of depreciation for Indian firms. Examining Section 32 of the Income Tax Act, it explains how business owners can lower their tax burden by deducting depreciation on a variety of assets. Important ideas including depreciation rates, computation techniques, and qualifying requirements are covered in the blog. It also emphasizes the advantages of depreciation claims and provides useful advice for companies to make sure they maximize tax efficiency while abiding by rule
Understanding Tax Reassessment in India: A Guide to Sections 147 & 148
Have you ever gotten a scary warning from the Income Tax Department about a possible reassessment? This blog gives you the information you need to handle this circumstance with assurance. We discuss the Income Tax Act's Sections 147 and 148, which provide clarification on the authority for reassessments, the potential triggers for them, and the vital notice procedures required by Section 148. The site additionally emphasizes your rights as a taxpayer in the event of a reassessment, including the chance to reply and make your case. Through comprehension of these areas and your available choices, you can approach a prospective reevaluation with a proactive and knowledgeable outlook.
Budget 2024 Highlights
In the 2024 budget, Finance Minister Nirmala Sitharaman introduced significant revisions to several critical tax sections, aimed at simplifying the tax regime and encouraging investment. Key changes include modifications to the angel tax provisions, Securities Transaction Tax (STT), Short-Term Capital Gains (STCG), Long-Term Capital Gains (LTCG), and adjustments to income tax slabs. These reforms are expected to have a substantial impact on taxpayers and investors, offering potential benefits and incentives for compliance and investment. This synopsis delves into the detailed changes and their implications for different stakeholders.
Modifications to Slab Rate for FY 2024–2025 and AY 2025–2026: An Detailed Guide
The blog discusses the changes in income tax slab rates for FY 2024-25 and AY 2025-26, including the increase in the basic exemption limit, revision of slab rates, and increase in the standard deduction. The implications of these changes, including tax savings, simplified tax structure, and increased disposable income, are also discussed.
Benefits of Budget 2024 for Salaried Individuals
The blog discusses the recent TCS rule change in Budget 2024, which brings relief to salaried individuals by reducing TDS deduction and simplifying the process of claiming credit for TCS paid on foreign remittances and other expenses.
Changes in LTCG Tax on Real Estate Sales: Budget 2024
The Budget 2024 has introduced significant changes to the taxation of long-term capital gains on property sales. This blog post explains the impact of eliminating indexation benefits on property sales and investments, and what it means for property owners and investors.
