Corporate and professional updates 15th Sep 2018 Direct Tax: ITAT Ahmedabad held that addition for interest under Section 244A cannot be made in absence of intimation regarding grant of interest. Denis… Read More
HSN & SAC CODES ALONGWITH GST RATE HSN codes: Basically HSN stands for a harmonized system of nomenclature. This harmonized system of the nomenclature coding system is developed by the… Read More
CORPORATE AND PROFESSIONAL UPDATES 9TH SEP 2018 Direct Tax : ITAT Delhi held that tax exemption cannot be denied to IOA merely for receiving sponsorship. The D.C.I.T. Vs India Olympic Association… Read More
corporate and professional updates 8th sep 2018 Direct Tax : ITAT Delhi held that penalty will not be imposed U/S 271AAA if assesse substantiated the manner in which undisclosed income… Read More
Direct Tax : Madras HC holds that assessee (TVS Motor Co Ltd) is required to gross-up the amount of fees for technical services (FTS) paid to University of Warwick, for… Read More
Independent Directors: At a glance Indian Government has planning to implement a system of examinations for individuals who willing to become independent directors of corporate, this will going to stringent… Read More
corporate and professional updates 4th Sep 2018 Direct Tax : Kerala HC reverses ITAT’s order, allows deduction u/s 36(1)(v) for LIC premium paid in order to indemnify the liability towards… Read More
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