Direct Tax: ITAT Mumbai held that set-off of long-term capital loss on sale of unquoted equity shares against gain on sale of property. Chandra N. Hingorani Vs ITO (ITAT Mumbai) Calcutta… Read More
CORPORATE AND PROFESSIONAL UPDATES 4TH OCT 2018 Direct Tax: ITAT Cuttack held that remuneration to partners cannot be disallowed merely because the share of partners is not fixed or the… Read More
What is a Non-Banking Financial Company? NBFC is totally governing & regulated by the Reserve Bank of India Act 1934. Non-Banking Financial Company facilitates banking-related services like investment services, financial… Read More
IMPORTANCE & BENEFITS OF TAX CONSULTANT Brief Introduction People usually argue that hiring a tax consultant may be a wastage of cash but on the contrary, they'll prove to be… Read More
CORPORATE AND PROFESSIONAL UPDATES 29TH SEP 2018 DIRECT TAX Income Tax: Disallowance of artificial loss made on account of fictitious transactions - CIT(A) has deleted the addition merely by observing that… Read More
CORPORATE AND PROFESSIONAL UPDATES 27TH SEP 2018 Direct Tax: ITAT Ahmedabad held that deduction under section 54 cannot be denied proportionately merely for joint ownership. Shri Chitrang M. Dave Vs… Read More
INCOME TAX ADVANCE RULING PROVISIONS Advance ruling has been internationally recognized as “A more or less binding statement from the revenue authorities upon the voluntary request of a non-public person, concerning the… Read More
CORPORATE AND PROFESSIONAL UPDATES 24TH SEP 2018 Direct Tax: CBDT has amended para 10 of circular no 3 of 2018 dated 11.07.2017. ITAT Delhi held that insurance premium for family… Read More
Corporate and professional updates 22nd Sep 2018 Direct Tax: ITAT Jaipur held that section 50C not apply if assessed invests entire sale consideration in new house property under section 54F.ITO… Read More
Corporate and professional updates 21st sept. 2018 Direct Tax: ITAT Cuttack held that trust cannot be denied exemption for mere receipt of income by way of training and consultancy fee.Xavier… Read More