INCOME TAX ADVANCE RULING PROVISIONS Advance ruling has been internationally recognized as “A more or less binding statement from the revenue authorities upon the voluntary request of a non-public person, concerning the… Read More
CORPORATE AND PROFESSIONAL UPDATES 24TH SEP 2018 Direct Tax: CBDT has amended para 10 of circular no 3 of 2018 dated 11.07.2017. ITAT Delhi held that insurance premium for family… Read More
Corporate and professional updates 22nd Sep 2018 Direct Tax: ITAT Jaipur held that section 50C not apply if assessed invests entire sale consideration in new house property under section 54F.ITO… Read More
Corporate and professional updates 21st sept. 2018 Direct Tax: ITAT Cuttack held that trust cannot be denied exemption for mere receipt of income by way of training and consultancy fee.Xavier… Read More
corporate and professional updates 20th sept. 2018 Direct Tax: Bombay High Court held that deduction under section 80IA can be claimed without excluding deduction under section 80HHC. M/s. Indian Gum Industries… Read More
corporate and professional updates 19TH Sep. 2018 DIRECT TAX ITAT Mumbai held that deemed dividend provision not applicable if assessed is neither registered nor beneficial shareholder of payer company. DCIT… Read More
Corporate and professional updates 17th Sep 2018 Direct Tax: ITAT Hyderabad held that cash discount cannot be disallowed for mere non-mention of same on the invoice. M/s. Sai Krishna Agencies… Read More
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