Direct Tax: Chandigarh ITAT allows Sec. 80IC deduction to assessee-company (running a hotel in Himachal Pradesh under the Eco-tourism project) for AY 2007-08 on account of ‘substantial expansion’ in building,… Read More
Direct Tax: Mumbai ITAT rules that non-compete fees paid by SOTC Travel Services Pvt Ltd. (assessee) during AY 2002-03 to Director/employee of another travel company for not doing similar business… Read More
OVERVIEW DISQUALIFICATION & REMOVAL OF DIRECTOR A director is a person who leads to a certain area of the company, program, or project companies. the director usually reports directly to… Read More
Corporate and professional updates 28th march 2018 Direct Tax: Kerala HC reverses ITAT order, upholds re-assessment initiated (beyond 4 years) for AY 1994-95 on Tata Ceramics Ltd. (‘assessee’, which did not… Read More
corporate and professional updates 26th march 2018 Direct tax ITAT holds that assessee (a builder and developer) can claim deduction u/s 80-IB(10) for the first time in return filed u/s… Read More
Direct tax Income tax returns cannot be e-filed without quoting an Aadhaar number despite the March 13 Supreme Court order directing the govt. should not make it mandatory to quote… Read More
Direct Tax: Gujarat HC dismisses assessee's writ, upholds reassessment initiated (beyond 4 years period) on the basis of information received from Investigation Wing of the Department for AY 2010-2011; [TS-123-HC-2018(GUJ)] Delhi… Read More
All about the Limited Liability Partnership It is a tactful process of incorporation of LLP and it includes a step by step process. LLP is an emerging small business entity… Read More
Direct Tax: Delhi ITAT dismisses Revenue’s appeal and deletes addition u/s 68 on assessee-company during AY 2006-07, holds that the entire assessment proceedings are vitiated because of non-service of notice… Read More
FOREIGN INWARD REMITTANCE CERTIFICATE BRIEF INTRODUCTION As a merchant or service exporter who receives international payments from customers, a FIRC is a vital document to possess. This guide is meant to assist global eCommerce sellers comprehend… Read More