Direct Tax : Karnataka HC upholds ITAT order, allows Sec. 10B deduction to assessee-company (100% EOU) in respect of the ‘Deemed Export’ of goods made by it through a third… Read More
Meaning of Foreign Liabilities & Assets Annual Return (FLA Return) Annual Return on Foreign Liabilities and Assets (FLA Return) Under FEMA 1999. As more companies involve themselves with foreign investments,… Read More
FOR GST GSTR-3B (Jun 2018)-Jul 20th, 2018 GSTR-5 (Jun 2018)-Jul 20th, 2018 GSTR-6 (Jul'17 - Jun'18)- Jul 31st, 2018 GSTR-4 (Apr-Jun, 2018)-Jul 18th, 2018 GSTR-5A (Jun 2018)-Jul 20th, 2018 Quarterly return… Read More
Direct Tax : Calcutta HC rules that in search cases, the due date for filing return, in order to avail carry forward of loss [as required u/s 139(3)], stands extended till… Read More
CORPORATE AND PROFESSIONAL UPDATES 30TH JUNE 2018 Direct Tax : Supreme Court held that even if the entire expenditure incurred for acquisition of a capital asset is treated as application… Read More
CBDT issued 12 drafts of Income Computation and Disclosure Standards (ICDS) after taking suggestions from stakeholders and the draft ICDS were open for comments and suggestions till 8 February 2015.… Read More
corporate and professional updates 29th june 2018 Direct Tax : ITAT notes the assessee-company's conclusion of the MAP with USA in respect of 'management charges' payment and allows withdrawal of… Read More
Direct Tax : Karnataka HC dismisses Revenue’s appeal challenging ITAT’s comparables selection for software developer assessee for AY 2006-07, lays down law on interpretation of ‘substantial question of law’ in… Read More
Mistakes that are commonly done by taxpayers in filing ITR are listed below. These mistakes may create some problems or may bring tax notice for the tax payers. So… Read More
Direct Tax : Ahmedabad ITAT rules that mere non-furnishing of Tax Residency Certificate (‘TRC’) cannot per se be treated as a trigger to disentitle the treaty benefits; During relevant AYs 2013-14 and… Read More