Key takeaways about TDS under GST GST TDS is the system through which a certain percentage of tax is collected at the source of the income. Certain Government Department, Local… Read More
Direct Tax; SC dismisses Revenue’s appeal against Bombay HC judgment in case of Hercules Hoists Ltd.; HC had dismissed Revenue's appeal against ITAT order holding that losses of units eligible for… Read More
CORPORATE AND PROFESSIONAL UPDATES 24TH JULY 2018 Direct Tax; Delhi ITAT allows Sec 11 benefit to Indian Olympic Association for AY 2011-12, holds that sponsorship contract for 2010 Asian Games… Read More
Direct Tax : Delhi ITAT upholds taxation of consideration for providing SAP/CAD software related support as FTS under Article 13(4)(a), being ancillary and subsidiary to the enjoyment of the right… Read More
The GST Council in its 28th meeting held today at New Delhi has recommended certain amendments in the CGST Act, IGST Act, UTGST Act and the GST (Compensation to States)… Read More
Direct Tax : SC dismisses assessee-company’s SLP against Allahabad HC judgement upholding addition u/s 68 with respect to share capital subscription as assessee failed to establish identity and genuineness of… Read More
IF a taxpayer income tax return differ from the assessment made by INCOME TAX OFFICER then taxpayer issued income tax demand notice. This notice is issued when the taxpayer has… Read More
In Budget 2017 our honorable Finance Minister, Mr. Arun Jaitley introduced a new section 234F to ensure timely filing of returns of income. As per section 234F of Income Tax… Read More
Direct Tax : ITAT deletes TP-adjustment, upholds TNMM over TPO’s CPM as MAM for benchmarking export transaction for Himalaya Drug Company (assessee - partnership firm engaged in the business of… Read More
ARE YOU A DIRECTOR?-then you have to file e-kyc dir-3 form As part of updating its registry, MCA would be conducting KYC of all Directors of companies annually through a new e-form… Read More