Professional Update for the day: Direct Tax: Supreme Court of India held that insertion of Section 35FF makes the provision of Section 35F more balanced because the amount so… Read More
Professional Update for the day: Direct Tax: ITAT Mumbai held that the activities of Banquet Hall Hiring, Hospitality (Restaurants) and Permit Room (Bar) are prima facie in the nature of… Read More
Professional Update for the day: Direct Tax: ITAT Delhi has held that right to receive a property is a valuable and a transferable right and falls within the ambit… Read More
Professional Update For the Day: Direct Tax: IT:Registration u/s 12AA - proof of charitable activities - treatment as registered trust - receipt of land as Donation - the objects… Read More
CORPORATE AND PROFESSIONAL UPDATE April 29, 2017 Direct Tax: INCOME - DEEMED TO ACCRUE OR ARISE IN INDIA Royalty : Where on date of agreement entered by assessee, US company, with… Read More
FAQS ON FILING THE INCOME TAX RETURN Q1. What is a return of income? It is a prescribed form through which the particulars of income earned by a person… Read More
CORPORATE AND PROFESSIONAL UPDATE April 28, 2017 Direct Tax: Supreme Court held that if an undertaking is sold as a running business with all assets and liabilities for a slump… Read More
Professional Update For the Day: Direct Tax: Supreme court held that premium collected by the assessee on its subscribed share capital doesn’t constitute capital employed in the business… Read More
Professional Update For the Day: Direct Tax: Last date for submission of a valid return for AY 2015-16 expires on 31st March 2017 u/s 139. Those taxpayers whose returns for AY 2015-16… Read More
Professional Update For the Day: Direct Tax: Share application money received from bogus shareholders, ITO to reopen assessment of such shareholders and not to add the same to the assessee’s… Read More