IF a taxpayer income tax return differ from the assessment made by INCOME TAX OFFICER then taxpayer issued income tax demand notice. This notice is issued when the taxpayer has… Read More
In Budget 2017 our honorable Finance Minister, Mr. Arun Jaitley introduced a new section 234F to ensure timely filing of returns of income. As per section 234F of Income Tax… Read More
Direct Tax : ITAT deletes TP-adjustment, upholds TNMM over TPO’s CPM as MAM for benchmarking export transaction for Himalaya Drug Company (assessee - partnership firm engaged in the business of… Read More
ARE YOU A DIRECTOR?-then you have to file e-kyc dir-3 form As part of updating its registry, MCA would be conducting KYC of all Directors of companies annually through a new e-form… Read More
Direct Tax : Delhi ITAT remits issue of ALP-determination in respect of assessee’s provision of business support services to AE considering that entire TP analysis was made by the TPO… Read More
Direct Tax : Delhi ITAT deletes penalty u/s 271(1)(c) on TP-adjustment in case of assessee providing IT/software development services to its AE for AY 2002-03; Notes that TP-adjustment was made… Read More
GUIDANCE OF ASSESSMENT UNDER GST GST Assessment means the determination of tax liability under GST law. It includes self-assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment. Normally, persons… Read More
corporate and professional updates 16th july 2018 Direct Tax : Mumbai ITAT rules that Sec. 79 restriction on loss set-off and carry forward would apply to assessee-company, whose entire stake… Read More
LLPs incorporation & Annual event-based compliances It is a tactful process and it includes a step by step process. LLP is an emerging small business entity practiced in India under… Read More
A joint venture is a tactical partnership where two or more people or companies agree to put in goods, services, and/or capital to a uniform commercial project. Types of joint… Read More