Reacting to the decision of excluding petroleum products from GST regime, Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP said: "The fact that states are not going to accept bringing in petrol and diesel under GST was on expected...
“The outcome of GST council meeting is more on expected lines without any major surprises. The fact that states are not going to accept bringing in petrol and diesel under GST was on expected lines, given the fact that VAT...
“The GST council meeting this time would be a physical one, the first post the outbreak of the pandemic. The news about the discussion of including petroleum products under GST has increased the attention. Considering the fact that it’s a...
According to Sundara Rajan TK, the new tax regime provides for payment of tax at a lower rate, subject to the foregoing of specified exemptions and deductions viz. the standard deduction of Rs 50,000, professional tax, house rent allowance, leave...
“As it is a highly debatable issue and may have severe impact on finance of both states and the Centre considering the fact that the states are trying to recover from the pandemic, it is expected that no major movement...
“Telecos would surely be welcoming the decision of the union cabinet today. Though all the decisions are prospective but they would do lot of good to the ailing sector. Moratorium of 4 years for the AGR with interest of MCLR...
“In the case auto sector, the announcements look more like a long term strategic policy than the one for immediate result. The scheme is for battery run electric vehicles and hydrogen cell based vehicles and on the component front it...
Sundara Rajan TK, CA and Partner at DVS Advisors LLP says, "A person can file his/her income tax return either using online method (only for ITR-1 or ITR-4 form) or using JSON utility."
Divakar Vijayasarathy, Founder and Managing Partner, DVS Advisors LLP replies, "Irrespective of the scheme option (Growth or income distribution or IDCW), the taxation of the receipt of principal amount and interest upon winding up of the fund or scheme remains...
Divakar Vijayasarathy is the founder and managing partner of DVS Advisors LLP, an international professional services company offering tax, legal, risk, mergers and acquisitions advisory services. He is an ex-banker and a chartered accountant. He entered the advisory practice in...
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