Professional Update For the Day: Direct Tax: Compensation paid to employees on closure of business couldn’t be termed as VRS package for income-tax relief. [2017] 79 298 (Madras) Mere signing of 'Sauda… Read More
Professional Update For the Day: Direct Tax: Provision made by the assessee for payment of any gratuity, that has become payable during the year is allowable. In fact the CBDT… Read More
Professional Update For the Day: Direct Tax: Advertisement expenses incurred to publicize change of name from UTI bank to Axis Bank allowable as revenue exp. [2017] 79 187 (Ahmedabad - Trib.) Sum… Read More
CORPORATE AND PROFESSIONAL UPDATE MARCH 24, 2017 Direct Tax: CBDT issues clarifications on Income Computation and Disclosure Standard (ICDS) u/s 145(2) of the Income Tax Act, 1961 on 23… Read More
Income Tax Deductions Sections 80C to 80U in India for Tax Saving: The most comprehensive guide for all income tax deductions covered in Chapter VI A of income tax for… Read More
CORPORATE AND PROFESSIONAL UPDATE MARCH 22, 2017 Direct Tax: Royalty and fee for technical assistance paid in pursuance of the license agreement are revenue expenditure and not capital in… Read More
Professional Update For the Day: Direct Tax: Bombay court held that TDS cannot be Adjusted against Tax payable under VDIS, 1997Earnest Business Services Pvt. Ltd., Vs The Commissioner of Income Tax (Bombay High Court) ITAT Delhi… Read More
All About FSSAI Registration Process The Food Safety and Standards Authority of India (FSSAI) is an organization that monitors and governs the food industry in India. It is a self-governing… Read More
Professional Update For the Day: DIRECT TAX: Entitlement for deduction U/s 80IB - amount under the head VKGUY [Vishesh Krishi Gram Udhyog Yojana] and on account of DEPB - these benefits… Read More
Professional Update For the Day: Direct Tax CBDT has signed 10 more unilateral Advance Pricing Agreements (APAs) with Indian taxpayers as it looks to reduce litigation by providing certainty in… Read More