“The taxpayers have been encountering numerous issues in relation to the new portal viz. non-availability of required information, site being under maintenance, return filing issues, issues in relation to Form 26AS, etc. As only around 40 days being left for...
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...
Divakar Vijayasarathy, Founder and Managing Partner, DVS Advisors LLP replies: From a direct tax perspective, it should be ensured that the CPA firm in the US does not equip itself with knowledge or expertise while you provide the consultancy services, which...
“Though the consumer inflation has increased above 6 percent in the last two months, RBI is not expected to increase the rate nor change its stance from accommodative to neutral with the threat of third-wave looming large. The additional support...
“Had the proceedings been initiated when the assessee was alive or the notice been sent directly to the Legal Representative (LR), instead of the name of the deceased, the outcome could have been different. There are some instances where the...
The number of corporate insolvency cases admitted in tribunals stayed low at 164 in the three months ended 30 June despite the government’s decision to lift the one-year moratorium on creditor action against defaulters in March.
More commonly called as Angel Tax in the start-up world, it is the tax levied under Section 56(2)(viib) of the Income Tax Act 1961 (“the Act”), on the capital raised by privately held companies via the issue of shares to...
Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP, said the GST Council are meeting after a gap of seven months. This comes in the backdrop of a lot of States raising the issue of non-convening of the meeting for...
GST Council Meeting Updates: Union finance minister Nirmala Sitharaman chaired the Goods and Services Tax (GST) Council meeting on Friday, after a gap of seven months. With the second wave of coronavirus pandemic ravaging the country, several states urged a...
Though there could be a drop in the GST collection of May and June, it would still continue to be around the ₹1 trillion mark, said Divakar Vijayasarathy, founder and managing partner of consultant DVS Advisors LLP.
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