corporate and professional updates 26th june 2018 Direct Tax : Mumbai ITAT rules that capital gains of Rs. 455.70 Cr. arising to assessee-company (a tax resident of Singapore), pursuant to… Read More
Direct Tax : Kolkata ITAT dismisses Revenue’s appeal for AY 2009-10, deletes long term capital gains (‘LTCG’) addition u/s. 50B, made by the AO on transfer of Trading and Distribution… Read More
RBI INTRODUCED MANDATORY FDI REPORTING THROUGH SMF In a partial manner, notification is applicable to the existing FDI. It is expected from the company that the company provides all the… Read More
corporate and professional updates 23rd JUNE 2018 Direct Tax : Delhi ITAT rules that assessment made u/s. 143(3) r.w.s. 144C(13) of the Income Tax Act, 1961 (‘the Act’), on a Cyprus… Read More
Coming months will going to be much more busy than usual for all of us. Especially in some areas like applicability of ICDS, penalty levy on IT returns late filing… Read More
With the outburst of COVID 19 and especially during its second wave, a lot of deaths were reported and is still coming on to be 2000 deaths in a day.… Read More
Direct Tax : Mumbai ITAT remits comparability of 2 companies for benchmarking product development services rendered by assessee [engaged in business of import, wholesale trade, manufacture of drug and medicines… Read More
All companies registered in India must file annual return each year, irrespective of business turnover or activity. Annual return must be filed in Form MGT-7 and Form AOC-4… Read More
CORPORATE AND PROFESSIONAL UPDATES 19TH JUNE 2018 Direct Tax : Bengaluru ITAT upholds disallowance u/s 40(a)(i) for AY 2011-12 citing failure of assessee to deduct TDS on software payment, sets… Read More
CORPORATE AND PROFESSIONAL UPDATES 18TH JUNE 2018 DIRECT TAX Cost Inflation Index for FY 2018-19 (AY 2019-20) notified as 280. Notification No.26/2018/F.No.370142/3/2018- TPL of 13.6.2018. INDIRECT TAX GST registrants can… Read More