Direct Tax: Kolkata ITAT deletes penalty levied u/s 271E (for violating conditions u/s 269T by repaying loan other than through banking channels) for conversion of loan into equity by assessee-company… Read More
The Union Cabinet on Wednesday approved the Arbitration and Conciliation (Amendment) Bill, which seeks to establish an independent body to make arbitration process user-friendly, cost-effective and ensure speedy disposal and… Read More
Corporate and Professional updates 9th march 2018 Direct Tax: Kolkata ITAT holds that sale of shares by Emami Infrastructure Ltd. (‘assessee’) to its second step down 100% subsidiary, not transfer… Read More
Future of Accountancy Profession Accountancy profession will face significant challenges in coming times with the evolving technologies, globalization and new form of regulations. Along with tough challenges come exciting opportunities… Read More
CORPORATE AND PROFESSIONAL UPDATES 8TH MARCH 2018 Direct Tax: Under section 57(iii) of the Act, only those expenditure are to be allowed which are related to earning of income from… Read More
RWA- Association is responsible for supervising the occupants' everyday problems, arranging events, supervising facilities in the apartments and houses, and also representing the members where necessary on issues related to… Read More
Elements & sign of Financial Statements of company What is Financial Statement? Financial elements of a financial statement are broadly classified into five categories. These are grouped according to the… Read More
Corporate and Professional updates 7th March 2018 Direct Tax: Under section 57(iii) of the Act, only those expenditure are to be allowed which are related to earning of income from… Read More
Corporate and Professional updates 6th March 2018 Direct Tax: ITAT upholds Revenue's plea that assessee (a private limited company & engaged in real estate business) received high share premium as a… Read More
Quick review on Insolvency and Bankruptcy code The meaning of Insolvency and Bankruptcy is not the same. “Insolvency” means the situation where an entity (the debtor) cannot raise enough… Read More