With the new financial year comes a new income tax return (ITR) form . The income tax (I-T) department has said that the new ITR-1 and ITR-4 form for assessment year 2019-20 is available for e-filing on the website. Shailesh Kumar, Director shares his views on Ten updates you will find in ITR forms for AY2019-20 for Livemint.

In a recent case before the Bangalore Tribunal, an employee had been granted Esops at different points of time by his employer’s holding company. These had not been exercised by the employee, though Esops had vested. The holding company entered into an option transfer agreement with the employee, transferring Esops held by the employee to the holding company. Shailesh Kumar, Director shares his views on Nasscom, venture capitalists’ body call of abolition of angel tax for Hindu Business Line.

Digital companies want more certainty and guidance on tax and royalty charges for India-based operations as they become increasingly embroiled in court disputes with authorities. Recent rulings from the Indian courts and tax departments have sent contradictory messages to digital companies, creating uncertainty about what they consider to be royalty payments that are taxable.  

1. Shailesh Kumar, Director shares his views on aforementioned story for Bloomberg BNA .

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Shailesh Kumar, Director shares his views for Livemint special issue on tax filing. He discussed about the process of filing income tax return, mistakes to avoid and so on. · How to file ITR FY2017-18: A guide · How to file income tax returns in special cases Mint special issue on Tax filling- Shailesh Kumar