Equalisation Levy -Relevance & Background Information Technology has undergone an increasing growth phase in India and internationally in the last decade. This has resulted in an increase in the… Read More
How to file an Income tax return: The tax return is a form filed to report the taxpayer's yearly income. In the absence of income, there may be various reasons… Read More
CORPORATE AND PROFESSIONAL UPDATES Direct Tax : Allahabad HC reverses ITAT order and rules in favour of Revenue for AY 1997-98, upholds AO’s addition of excise duty payable to the… Read More
FOR SERVICE PROVIDERS: - Like any other category of business, service providers would be required to obtain GST registration, if the entity has an aggregate annual turnover of more than… Read More
Key takeaways about TDS under GST GST TDS is the system through which a certain percentage of tax is collected at the source of the income. Certain Government Department, Local… Read More
Direct Tax; SC dismisses Revenue’s appeal against Bombay HC judgment in case of Hercules Hoists Ltd.; HC had dismissed Revenue's appeal against ITAT order holding that losses of units eligible for… Read More
CORPORATE AND PROFESSIONAL UPDATES 24TH JULY 2018 Direct Tax; Delhi ITAT allows Sec 11 benefit to Indian Olympic Association for AY 2011-12, holds that sponsorship contract for 2010 Asian Games… Read More
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