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Avinash Kurungot

Avinash Kurungot

Avinash Kurungot is a B.B.A. LL.B (Hons.) Graduate from Christ University, Bangalore. Following a stint in Civil Litigation, marking appearances across the High Court of Kerala and various sub-courts, he has channelled his skills towards developing engaging tax, finance and news content.

    New Income Tax Act may have Quick Adjustment Mechanism for Deductions and Rebates without Amendments

    The Income Tax Bill, 2025 is expected to receive approval from the Union Cabinet today. If the Bill is approved in the Cabinet, it is poised to be tabled in the Lok Sabha early next week and then...

    New Income Tax Act may have Quick Adjustment Mechanism for Deductions and Rebates without Amendments
    Avinash Kurungot

    Kerala Budget 2025: 50% Surge in Land Tax to bring ₹100 Crore to Govt. Coffers

    The Kerala State Budget 2025-26 was presented by Finance Minister K.N. Balagopal in the State Legislative Assembly today. One of the most controversial changes came in the form of a 50% hike in land...

    Kerala Budget 2025 - Budget 2025 - Kerala state budget - Kerala budget news - TAXSCAN
    Avinash Kurungot

    New Income Tax Bill may Receive Cabinet Approval Tomorrow: Here’s What You Need to Know!

    The Union Council of Ministers, a.k.a. The Union Cabinet is expected to give approval towards the new Income Tax Bill tomorrow - Friday, 7 February, 2025. Following cabinet assent, the Bill shall be...

    New Income Tax Bill may Receive Cabinet Approval Tomorrow: Here’s What You Need to Know!
    Avinash Kurungot

    India shuts down Kia’s Carnival: $155M Tax Evasion Allegation on Import of CKD Units

    The Indian Tax authorities had recently accused Korean-automobile giant of trying to evade taxes of $155 Million (Approximately ₹1356 Crores) through misclassifying vehicle components as...

    India shuts down Kia’s Carnival: $155M Tax Evasion Allegation on Import of CKD Units
    Avinash Kurungot

    GSTN Advisory: E-Invoices Dated 04.01.2025 and 16.01.2025 not Auto-Populating in GSTR-1, Taxpayers to Manually Verify Data

    The Goods and Service Tax Network (GSTN) has recently advised businesses that filed their GSTR-1 sales return e-invoices on the 4th and 16th of January, 2025 to manually verify whether the...

    GSTN Advisory: E-Invoices Dated 04.01.2025 and 16.01.2025 not Auto-Populating in GSTR-1, Taxpayers to Manually Verify Data
    Avinash Kurungot

    Retail Traders’ Net Loss of 1.81 Lakh Crore: Minister of State for Finance addresses Woes based on SEBI Findings

    The Ministry of Finance has released an extract of answers to an unstarred question raised in the Lok Sabha pertaining to a collective loss of 1.81 Lakh Crore incurred by retail Futures & Options...

    Retail Traders - Retail Traders’ Net Loss - Minister of State for Finance - Minister of State for Finance addresses - Woes based on SEBI Findings - SEBI Findings - taxscan
    Avinash Kurungot

    No Mandate to approach GST Appellate Authority before Invoking Revisionary Provisions: Allahabad HC [Read Order]

    The Allahabad High Court recently affirmed that the provisions under the Goods and Service Tax (GST) regime does not require a Petitioner aggrieved by an order of an adjudicatory body to first...

    No Mandate to approach GST Appellate Authority before Invoking Revisionary Provisions: Allahabad HC [Read Order]
    Avinash Kurungot

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