Know your customer (alternatively, know your client or 'KYC') is the process of a business identifying and verifying the identity of its clients. When is required to File e-Form DIR… Read More
corporate and professional updates 11th july 2018 Direct Tax : Karnataka HC dismisses Revenue’s appeal against Tribunal’s allowance of assessee’s [Kirloskar Toyota Textile Machinery Private Ltd] claim that gross profit… Read More
Direct Tax : Madras HC reverses ITAT order for AYs 1998-99 and 1999-2000, allows deduction to assessee-company for expenses incurred on abandoned project, holds the same as revenue in nature… Read More
Direct Tax : Delhi ITAT deletes Sec. 40(a)(i) disallowance of Rs. 120 cr. for airfreight payments made by assessee (a logistic and Cargo handling company) without TDS to non-resident parties… Read More
The Insolvency and Bankruptcy 2015 was brought in Lok Sabha on 21st December 2015 and was appeal to Joint Committee. The report was shown in Lok Sabha and Rajya Sabha… Read More
In a partial manner notification is applicable to the existing FDI. It is expected from the company that company provide all the details of existing FDI in the prescribed format… Read More
Direct Tax : Kerala HC reverses ITAT order and upholds re-assessment for AY 1999-2000, rejects assessee-company's stand that no other issues can be dealt in re-opening other than what were recorded as… Read More
Direct Tax : Karnataka HC upholds ITAT order, allows Sec. 10B deduction to assessee-company (100% EOU) in respect of the ‘Deemed Export’ of goods made by it through a third… Read More
Meaning of Foreign Liabilities & Assets Annual Return (FLA Return) Annual Return on Foreign Liabilities and Assets (FLA Return) Under FEMA 1999. As more companies involve themselves with foreign investments,… Read More
FOR GST GSTR-3B (Jun 2018)-Jul 20th, 2018 GSTR-5 (Jun 2018)-Jul 20th, 2018 GSTR-6 (Jul'17 - Jun'18)- Jul 31st, 2018 GSTR-4 (Apr-Jun, 2018)-Jul 18th, 2018 GSTR-5A (Jun 2018)-Jul 20th, 2018 Quarterly return… Read More