Verendra Kalra & Co

Verendra Kalra & Co This page is managed by Verendra Kalra & Co LLP, Chartered Accountants. W

This page contains updates and recent judgments on Direct tax, Indirect tax, Accounting and Corporate Laws. The material on this page is provided purely for your information and you should seek further guidance and make independent inquiries before relying on it.

Compensation Received on Compulsory Acquisition of Land Pursuant to a Mediation Agreement Is Not Liable to TDS Under the...
22/05/2026

Compensation Received on Compulsory Acquisition of Land Pursuant to a Mediation Agreement Is Not Liable to TDS Under the Income-tax Act.

Pls click to read..https://www.vkalra.com/images/news/attachment-205994-newsflash%20dt%20%202026.pdf



We are Hiring Indirect Tax Manager. Join our growing and build a strong in & !Pls apply through vkalra.com/vacanc...
15/05/2026

We are Hiring Indirect Tax Manager.

Join our growing and build a strong in & !

Pls apply through vkalra.com/vacancies

Communique Direct Tax April 2026Pls click to read... https://www.vkalra.com/programs/33757_Communique%20DT%20April%20202...
12/05/2026

Communique Direct Tax April 2026

Pls click to read...https://www.vkalra.com/programs/33757_Communique%20DT%20April%202026.pdf

Inside this edition:

- High Court Ruling

Where notices u/s 148 and 148A were issued on or after 01-04-21 for AY 2015-16, such notices were barred by limitation under amended regime read with TOLA and thus all consequential proceedings including reassessment order were to be quashed.

-ITAT Ruling

Where the assessee trust applied for registration u/s 12AB and approval u/s 80G with objects of providing medical relief by establishing a hospital, and such objects were not disputed and were charitable in nature, non-commencement of activities at application stage could not justify rejection of registration and, consequently, approval u/s 80G was granted.

Compensation (ex-gratia under BSNL VRS-2019) being retrenchment compensation to be treated as capital receipt fully exempt from tax and should not be restricted to section 10(10C) limit.

& more...

We are hiring HR Manager.Pls apply through vkalra.com/vacancies.
11/05/2026

We are hiring HR Manager.

Pls apply through vkalra.com/vacancies.





Communique Indirect Tax April 2026Pls click to read... https://www.vkalra.com/programs/23956_Communique%20IDT%20April%20...
08/05/2026

Communique Indirect Tax April 2026

Pls click to read...https://www.vkalra.com/programs/23956_Communique%20IDT%20April%20%202026.pdf

Inside this edition:

Notifications and Update GST Advisory
- A Guide to Pre-Deposit Percentages GST Advisory
- Recalculating Interest Liability in GSTR-3B
- How to Appeal When Your Tax Order Shows NIL Demand After Voluntary Payment

Rulings
-Madras HC clarifies that Late Filing of GSTR-9C Attracts Late Fee on GSTR-9 -Recovery of Deceased Taxpayer's GST Dues from Son Without Adjudication is Legally Invalid; Frozen Bank Account Ordered to be Released.
-High Court Condones Delay in Appeal Filing Upon Establishment of Sufficient Cause; Matter Remanded.
-Cinemas Cannot Raise Base Ticket Prices to Absorb GST Rate Cuts Benefits Must Pass to Customers
-Courts Cannot Skip SCN Adjudication Before Imposing Penalty Under Section 129(3).
-Canteen Charges Recovered from Employees Attract GST with No ITC Relief :Maharashtra AAR
- ITC Admissible on Foundation and Structural Support for Factory-Installed Plant and Machinery, Rules AAR

Customs
-DGFT Puts Export Controls on Wood Pellets and Briquettes, Requires Prior Clearance
-DGFT Makes Electronic Certificate of Origin Mandatory, Bans Manual Issuance
-DGFT Rolls Out Interest Subvention for MSE Iron/Steel Exports, Issues Post-Export EPCG-Scrip Guidelines


Communique International Taxation April 2026Inside this edition-Opportunity to Produce Correct-Period Mauritius TRC; Cas...
06/05/2026

Communique International Taxation April 2026

Inside this edition
-Opportunity to Produce Correct-Period Mauritius TRC; Case Sent Back for Fresh Decision
-Deletes addition for overlapping period against Kazakh resident, as per tie-breaker under Article 4(2) of DTAA
-Restores issue of DTAA ‘tie-break’ rule citing inadequate factors for determining centre of vital interest
-No Make‑Available, No FTS: Project Design Fees Outside TDS Net

Pls click to read...https://www.vkalra.com/programs/33166_Communique%20IT%20april%20%202026%20(1).pdf







Direct Tax Newsflash Vol 11Exemption under Section 54F to be Allowed Before Set‑off; Carry‑Forward of Capital Loss Permi...
04/05/2026

Direct Tax Newsflash Vol 11
Exemption under Section 54F to be Allowed Before Set‑off; Carry‑Forward of Capital Loss Permissible

Pls click to read in detail... https://www.vkalra.com/images/news/attachment-6321106-newsflash%20dt%20%202026%20(11).pdf

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Penalty Imposed u/s 270A quashed, rules that penalty proceedings cannot be sustained if the notice is vague and fails to...
01/05/2026

Penalty Imposed u/s 270A quashed, rules that penalty proceedings cannot be sustained if the notice is vague and fails to differentiate between under-reporting and misreporting of income.

Pls click here to read...https://www.vkalra.com/images/news/attachment-9684754-newsflash%20dt%20%202026%20(9).pdf



On Buddha Purnima, may you find peace within and spread goodness around you.
01/05/2026

On Buddha Purnima, may you find peace within and spread goodness around you.



TDS/TCS Rate Chart for Tax Year 2026-27 onwardsPls click to read... https://www.vkalra.com/images/news/attachment-920349...
23/04/2026

TDS/TCS Rate Chart for Tax Year 2026-27 onwards

Pls click to read...https://www.vkalra.com/images/news/attachment-9203492-newsflash%20dt%20%202026%20(7).pdf


Care for the Earth today, and it will care for us tomorrow.
22/04/2026

Care for the Earth today, and it will care for us tomorrow.

Address

3rd Floor, MJ Tower, 55, Rajpur Road
Dehra Dun
248001

Opening Hours

Monday 9am - 8pm
Tuesday 9am - 8pm
Wednesday 9am - 8pm
Thursday 9am - 8pm
Friday 9am - 8pm
Saturday 9am - 8pm

Telephone

+917500337888

Website

https://linktr.ee/vkcupdates

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