With the outburst of COVID 19 and especially during its second wave, a lot of deaths were reported and is still coming on to be 2000 deaths in a day.… Read More
Direct Tax : Mumbai ITAT remits comparability of 2 companies for benchmarking product development services rendered by assessee [engaged in business of import, wholesale trade, manufacture of drug and medicines… Read More
All companies registered in India must file annual return each year, irrespective of business turnover or activity. Annual return must be filed in Form MGT-7 and Form AOC-4… Read More
CORPORATE AND PROFESSIONAL UPDATES 19TH JUNE 2018 Direct Tax : Bengaluru ITAT upholds disallowance u/s 40(a)(i) for AY 2011-12 citing failure of assessee to deduct TDS on software payment, sets… Read More
CORPORATE AND PROFESSIONAL UPDATES 18TH JUNE 2018 DIRECT TAX Cost Inflation Index for FY 2018-19 (AY 2019-20) notified as 280. Notification No.26/2018/F.No.370142/3/2018- TPL of 13.6.2018. INDIRECT TAX GST registrants can… Read More
Complaints were being received by GST Dept that the intermediaries who were authorized by them to apply for registration on their behalf had used their own email and mobile number… Read More
CORPORATE AND PROFESSIONAL UPDATES 16TH JUNE 2018 DIRECT TAX Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute along… Read More
REQUIRED CONDITIONS OF A FOREIGN COMPANY OPEN A BRANCH OFFICE IN INDIA, The name of the Indian Branch office shall be the same as the parent company. The Branch office… Read More
Direct Tax: AAR holds that the non-compete fee received by Applicant [Holding company of Mcmillan Group (a leading publisher) and resident of UK] constitutes business income u/s 28(va), however it… Read More
Direct Tax: Mumbai ITAT rules that consideration received by assessee (a Dutch company, part of the Marriott group) for the services rendered to the Indian Hotels under the Training and… Read More