CA Bhuvnesh Goyal
CA Bhuvnesh Goyal is a qualified Chartered Accountant with a strong command over taxation, finance, compliance, and business advisory. With years of experience serving startups, SMEs, and corporate clients, he brings practical solutions and deep financial insight to the table.
Bhuvnesh is passionate about simplifying financial and regulatory concepts for a wider audience. His articles aim to bridge the gap between technical tax laws and everyday business needs, helping entrepreneurs and professionals stay informed and confident in their decisions.
Whether it’s decoding GST updates, income tax provisions, or financial planning tips, Bhuvnesh’s content is focused on clarity, accuracy, and real-world applicability.
The Union Budget is one of the most anticipated events in India’s fiscal calendar, and it plays a crucial role in shaping the nation’s economy. This page will provide all the essential details you...
Applicability of certain provisions of Income-tax Act and of Chapter V of Wealth-tax Act The provisions of Chapter XV of the Income-tax Act relating to liability in special cases and of section 189...
Exemption from wealth-tax in respect of assets specified in declaration (1) Where the undisclosed asset located outside India is represented by cash (including bank deposits), bullion or any other...
Declaration by misrepresentation of facts to be void Notwithstanding anything contained in this Chapter, where a declaration has been made by misrepresentation or suppression of facts, such...
Declaration not admissible in evidence against declarant. Notwithstanding anything contained in any other law for the time being in force, nothing contained in any declaration made under section 59...
Tax in respect of voluntarily disclosed asset not refundable. Any amount of tax paid under section 60 or penalty paid under section 61 in pursuance of a declaration made under section 59 shall not be...
Undisclosed foreign asset declared not to affect finality of completed assessments The declarant shall not be entitled, in respect of undisclosed asset located outside India declared or any amount of...
Undisclosed foreign asset declared not to be included in total income The amount of undisclosed investment in an asset located outside India declared in accordance with section 59 shall not be...
Time for payment of tax (1) The tax payable under section 60 and penalty payable under section 61 in respect of the undisclosed asset located outside India, shall be paid on or before a date to be...
