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
Direct Tax : Delhi ITAT remits issue of ALP-determination in respect of assessee’s provision of business support services to AE considering that entire TP analysis was made by the TPO… Read More
Direct Tax : Delhi ITAT deletes penalty u/s 271(1)(c) on TP-adjustment in case of assessee providing IT/software development services to its AE for AY 2002-03; Notes that TP-adjustment was made… Read More
GUIDANCE OF ASSESSMENT UNDER GST GST Assessment means the determination of tax liability under GST law. It includes self-assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment. Normally, persons… Read More