CORPORATE AND PROFESSIONAL UPDATES 13th july 2018 Direct Tax : Andhra Pradesh and Telangana HC rejects assessee-petitioner’s plea that reduced compounding fee @ 3% is applicable in view of the… Read More
Steps for incorporating the company:- The first step of getting a company incorporated is obtaining the approval of the name from Registrar of Companies. A company may adopt any name… Read More
CORPORATE AND PROFESSIONAL UPDATES 12TH JULY 2018 Direct Tax : Gujarat HC sets-aside order of Settlement Commission ('ITSC') treating assessee's settlement application as abated, relies on SC ruling in Star… Read More
Know your customer (alternatively, know your client or 'KYC') is the process of a business identifying and verifying the identity of its clients. When is required to File e-Form DIR… Read More
corporate and professional updates 11th july 2018 Direct Tax : Karnataka HC dismisses Revenue’s appeal against Tribunal’s allowance of assessee’s [Kirloskar Toyota Textile Machinery Private Ltd] claim that gross profit… Read More
Direct Tax : Madras HC reverses ITAT order for AYs 1998-99 and 1999-2000, allows deduction to assessee-company for expenses incurred on abandoned project, holds the same as revenue in nature… Read More
Direct Tax : Delhi ITAT deletes Sec. 40(a)(i) disallowance of Rs. 120 cr. for airfreight payments made by assessee (a logistic and Cargo handling company) without TDS to non-resident parties… Read More
The Insolvency and Bankruptcy 2015 was brought in Lok Sabha on 21st December 2015 and was appeal to Joint Committee. The report was shown in Lok Sabha and Rajya Sabha… Read More
In a partial manner notification is applicable to the existing FDI. It is expected from the company that company provide all the details of existing FDI in the prescribed format… Read More
Direct Tax : Kerala HC reverses ITAT order and upholds re-assessment for AY 1999-2000, rejects assessee-company's stand that no other issues can be dealt in re-opening other than what were recorded as… Read More