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
Direct Tax : Mumbai ITAT grants vacancy allowance u/s 23(1)(c) to Saif Ali Khan Pataudi (‘assessee’) in respect of his Bandra flats that could not be let out during AY 2012-13;… Read More
Direct Tax : Kerala HC reverses ITAT order, holds that payment made by assessee (an Indian co.) to a US co. for providing management, financial, legal, public relations, treasury and risk… Read More
DON`T LOSE YOUR DIRECTORSHIP -ENSURE YOUR KYC COMPLETED LAST DATE OF DIN KYC UPDATE HAS BEEN EXTENDED For the purpose of KYC on ROC -Directors database on ROC, ROC has… Read More