FAQ on E-WAY BILLS System: Query: What can I do if the PIN code is shown to be invalid? Answer: In case the PIN code selected by the user is… Read More
Direct Tax: Delhi ITAT holds that services provided by US entity did not make available technical knowledge, skill, know-how etc to the assessee and thus, does not qualify as fee… Read More
Direct Tax: HC allows assessee’s [engaged in the business of golf equipment, packaged kits and accessories etc.] appeal against ITAT’s remand of Advertising, Marketing and Promotion (AMP) adjustment back to… Read More
What is the Challenges Faced By people When Filing Their ITR's? The taxation process is complex. The forms required to file returns are incredibly complicated. There are various fields on… Read More
Direct Tax: Andhra Pradesh HC confirms ITAT order, holds that allowances paid to employees deputed to UK by assessee (software developer) is taxable as perquisite u/s 17 (2) subject to… Read More
Direct Tax: It is a fundamental rule of law of taxation that, unless otherwise expressly provided, income cannot be taxed twice. A taxing Statute should not be interpreted… Read More
Direct Tax: 68 Bogus loans: The assessee is not required to explain the "source of source" prior to insertion of the proviso to s. 68. If the assessee has discharged… Read More
Direct Tax: Bombay High Court held that income in respect of sale of flats by assessee, a builder and developer accrued when possession of flat was given and not when… Read More
Direct Tax: ITAT Hyderabad held that Deduction u/s. 80C allowable on Principal Loan payment for residential flat irrespective of its use. It further held that they have gone through the… Read More
Corporate and Professional Updates 19th April 2018 Direct Tax: Mumbai ITAT held that assessee was an amateur cricketer and was employed with a reputed company from whom he got salary,… Read More