DIRECT TAX CBDT lays down the functionality for processing of Returns having Refund Claims which were not processed within the time allowed u/s 143(1) due to some technical or other… Read More
CORPORATE AND PROFESSIONAL UPDATES 11TH OCT 2018 Direct Tax: ITAT Mumbai held that the Income of the Indian plastic institute from technical lectures, seminars, and workshop is exempt. M/s. Indian Plastics… Read More
corporate and professional updates 9th Oct 2018 Direct tax 244: The Dept should bring some order and discipline to the aspect of granting refunds. All pending refund applications should be… Read More
Corporate and professional updates 8th oct 2018 Direct Tax: Bombay High court held that reassessment for non-disclosure of bank A/C which was disclosed during original assessment is invalid. Akshar Developers Vs… Read More
Direct Tax: ITAT Mumbai held that set-off of long-term capital loss on sale of unquoted equity shares against gain on sale of property. Chandra N. Hingorani Vs ITO (ITAT Mumbai) Calcutta… Read More
CORPORATE AND PROFESSIONAL UPDATES 4TH OCT 2018 Direct Tax: ITAT Cuttack held that remuneration to partners cannot be disallowed merely because the share of partners is not fixed or the… Read More
What is a Non-Banking Financial Company? NBFC is totally governing & regulated by the Reserve Bank of India Act 1934. Non-Banking Financial Company facilitates banking-related services like investment services, financial… Read More
IMPORTANCE & BENEFITS OF TAX CONSULTANT Brief Introduction People usually argue that hiring a tax consultant may be a wastage of cash but on the contrary, they'll prove to be… Read More
CORPORATE AND PROFESSIONAL UPDATES 29TH SEP 2018 DIRECT TAX Income Tax: Disallowance of artificial loss made on account of fictitious transactions - CIT(A) has deleted the addition merely by observing that… Read More
CORPORATE AND PROFESSIONAL UPDATES 27TH SEP 2018 Direct Tax: ITAT Ahmedabad held that deduction under section 54 cannot be denied proportionately merely for joint ownership. Shri Chitrang M. Dave Vs… Read More