Tag Archives: Shailesh Kumar

Articles In Newspapers & Journals

Tax Department Amends Rules On Addresses- Shailesh Kumar

The CBDT has recently issued a notification to track taxpayers, which are not traceable/ reachable on address available with jurisdictional Assessing Officer/ PAN database of Income Tax department.  By this notification, CBDT has amended the relevant income tax rules and now the Tax Authorities can send notices to such taxpayers at any address, which is mentioned/ available elsewhere, such as Banks, Post Offices, Insurance Companies, other wings of the Income tax department, any other government authority or local authority. Shailesh Kumar, Director- Direct Taxation shares his views on aforementioned story for Business Standard. Tax Department Amends
Articles In Newspapers & Journals

Are you investing in Bitcoins? Get ready for multiple tax implications – Chirag Nangia/ Shailesh Kumar

Bitcoins or cryptocurrencies are new buzzwords both for investors and tax authorities. While investors are fascinated by an exponential increase in its valuation over the past few years and find it as an alternative investment vehicle for multiplying their investments, profits from investments made in Bitcoins have attracted the attention of tax authorities in India.   Chirag Nangia and Shailesh Kumar, Director contributed an article on Are you investing in Bitcoins? Get ready for multiple tax implications for Financial Express. Bitcoins
Articles In Newspapers & Journals

Revised ITR after demonetisation? You may face scrutiny, higher tax for- Shailesh Kumar

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Unearthing and curbing of black money was one of the key objectives of demonetisation last year. There were reports of increase in suspicious transactions such as multifold increase in sale of gold and other valuables, increase in cash sales of businesses and other methods by which demonetised currency was being converted into new currency. Shailesh Kumar, Director- Direct Taxation contributed an article on Revised ITR after demonetisation? You may face scrutiny, higher tax for Financial Express. Revised ITR after demonetisation?