Monark Padmani

I am a Chartered Accountant. I am currently working as Assistant Manager - Direct Tax with Pathak H.D. Associates and LLP in Mumbai having experience in dealing Assessments, Litigation (like CIT, ITAT and HC), Search-Seizure Matters and Income Tax Settlement Commission.
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RCM under GST applies to remuneration to employee director u/s 194J and not u/s 192 – Clarifies CBIC!

Introduction Under the current GST Law, remuneration given to a Director (by whatever name given) is a taxable service chargeable under Reverse Charge Mechanism (‘RCM’) for levy of GST1. On the other hand, an employee performing his...

Form 26AS : Now more than just taxes paid history of the Assessee!!

“Question: Hey! What is your Tax History? Are you compliant and paying Income tax properly?? Tax Payers (before): I do pay taxes regularly, but I need to check with my accountant whether there are any defaults with...

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