INPUT TAX CREDIT UNDER GST GST is the indirect tax that imposed on the services and goods on the basis of the primary of value addition. Hence, the imposing of… Read More
Direct Tax : Delhi ITAT rejects TPO/DRP’s Net Asset Value (NAV) based ALP for benchmarking consideration for sale of shares in an Indian company by assessee (Singapore company) to another… Read More
Direct Tax : Delhi ITAT holds that payment made by assessee company to individuals (resident of Germany and Switzerland) for AY 2008-09 and 2009-10 cannot be taxed as 'fees for technical services'… Read More
Direct Tax : Mumbai ITAT grants vacancy allowance u/s 23(1)(c) to Saif Ali Khan Pataudi (‘assessee’) in respect of his Bandra flats that could not be let out during AY 2012-13;… Read More
Direct Tax : Kerala HC reverses ITAT order, holds that payment made by assessee (an Indian co.) to a US co. for providing management, financial, legal, public relations, treasury and risk… Read More
DON`T LOSE YOUR DIRECTORSHIP -ENSURE YOUR KYC COMPLETED LAST DATE OF DIN KYC UPDATE HAS BEEN EXTENDED For the purpose of KYC on ROC -Directors database on ROC, ROC has… Read More
Penalty and Interest can be imposed if a person needs to reduce TDS. In the article, we cover the applicable interest and penalty for TDS default. Interest for Nonpayment or… Read More
Corporate & professional updates 21ST aug 2018 Direct Tax : Mumbai ITAT rules that interest income earned by HSBC Bank (Mauritius) Ltd. (‘assessee’) from investments in debt securities made in… Read More
Direct Tax : Bombay HC upholds ITAT order and rules in favour of Revenue, denies Sec. 80-IB deduction to assessee-company outsourcing manufacturing activity to contract manufacturer; Observes that the assessee did not… Read More
corporate and professional updates 16th aug 2018 Direct Tax : Delhi HC dismisses Revenue’s appeal, allows depreciation on the intellectual property rights (IPR) acquired and purchased by assessee co. from… Read More