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Business News > Mint Authors > Gautam Nayak

Gautam Nayak

Independent contributor

Gautam is a chartered accountant, and a tax partner at CNK & Associates LLP, with over 40 years of experience in tax and exchange control laws. He has been contributing to newspapers and journals for over 30 years (over 750 articles), of which more than 15 years have been for a column to Mint (300-plus articles). He has also authored three books on taxation-related subjects, and has also been speaking extensively at professional seminars and conferences on such topics for over three decades. He has been President of the Bombay Chartered Accountants' Society and Editor of the BCA Journal, besides having been Co-Chairman of the taxation committee of IMC Chamber of Commerce & Industry, Chairman of the direct taxation and international taxation committees of Bombay Chartered Accountants Society and Chairman of the NPO Committee of IMC Chamber of Commerce & Industry. He is a member of the Editorial Board of the BCA Journal, a leading professional journal for chartered accountants, for more than 20 years. His expert and extensive knowledge enables him to present analysis of complex issues in simple language.

ARTICLES BY GAUTAM NAYAK

For large portfolios, tracking details is time-consuming, and retrieving accurate records can be difficult if you have switched portfolio managers over the years. (Pixabay)

Is record-keeping becoming too onerous for taxpayers?

3 min read . 24 Mar 2026

The roles, responsibilities and legal liabilities of an employee and a consultant are fundamentally different. (Image: Pixabay)

Consultant or employee: Which role actually leaves you better off?

4 min read . 25 Nov 2025

One hopes that at least shareholders of listed companies are spared from these harsh provisions, as was the case initially in the case of the buyback tax. (AFP)

Buyback tax changes: Why selling shares back may hurt your returns

4 min read . 21 Oct 2025

The only situation where the tax department may not create any difficulty is when two co-owners sell a property, each making gains of over ₹10 crore, and together buy a ₹20 crore house.

The ₹10 crore capital gain exemption cap: Law, loopholes and litigation

2 min read . 31 Aug 2025

GIFT-based global fund debuts, but taxation rules leave much to be clarified. (Bloomberg)

Retail funds in GIFT City: What investors must know about tax implications

3 min read . 09 Jul 2025

Dark clouds are hovering over joint-hold accounts, thanks to the systems and procedures of the Income Tax department.

Money column: Tax woes of joint holders

4 min read . 06 Jul 2025

The lack of coherence in taxation across investment vehicles hurts transparency and creates loopholes. (Image: Pixabay)

Why India's collective investment tax rules need an overhaul

4 min read . 21 Apr 2025

Starting this financial year, payments or credits exceeding ₹20,000 to partners of a partnership firm will attract TDS at 10%.

New TDS rules for partnership firms: What you need to know

3 min read . 03 Apr 2025

With effect from 23 July 2024, indexation of the cost of acquisition is not available for computing capital gains income but is available as an alternative computation for computing the long-term capital gains tax on the sale of immovable property. Image: Pixabay

Capital gains tax: Adding unclaimed home loan interest to cost of acquisition

1 min read . 15 Jan 2025

From April 2023, the law has been amended to clarify that any interest claimed as a deduction under house property income or under sections 80C or 80EEA cannot be included in the cost of acquisition of the property. (Image: Pixabay)

Turning housing loan interest into cost of acquisition during property sale

3 min read . 04 Jan 2025

These are, in most cases, blatant mistakes in processing the tax returns, such as not giving credit for TDS that appears in Form 26AS or incorrectly calculating some deduction or interest. (HT)

Tax systems prove taxing for taxpayers

3 min read . 01 Oct 2024

The tax authorities have held that spending has to be in India, even if the benefit flows to the public in India to qualify for exemption. (Image: Pixabay)

Tax exemption for trusts: Spending in India or benefit in India?

4 min read . 02 Sept 2024

Past committees had produced some of the most comprehensive reports, but their excellent suggestions were seldom acted upon by the government. (HT_PRINT)

Income tax reforms: Will the review deliver on promises?

3 min read . 26 Aug 2024

The fineprint and the math show no real benefit to the taxpayer. (iStockphoto)

Budget 2024: The TCS credit against TDS on salary is a toothless provision

4 min read . 28 Jul 2024

The big shock, however, lies in the complete elimination of indexation of cost for all other long-term capital assets. (Photo: iStock)

Budget deals capital gains tax blow to investors

4 min read . 24 Jul 2024

First and safest option is to file a revised income tax return. In a revised return, you can correct any and all mistakes. (Photo: Mint)

Options for correction of mistakes in past income tax returns

4 min read . 27 May 2024

Taxpayers can object to any incorrect transaction by giving their feedback on the department’s compliance portal.

E-verification of ITRs: mismatches and the mistakes

3 min read . 11 Mar 2024

From an income tax perspective, the charitable trust option does seem to be the better option. (HT)

Should charity be done directly or through a trust?

3 min read . 11 Dec 2023

When one sells a property that is under construction, the date on which the property has been acquired is the date of acquisition.

Indexation and cost of acquisition of an under-construction property

3 min read . 26 Oct 2023

There are a large number of cases where foreign assets have been acquired out of disclosed incomes. (iStockphoto)

Review penalty for non-disclosure of foreign assets

4 min read . 09 Oct 2023