Direct Tax: Mumbai ITAT allows set off of brought forward house property losses of AY 2009-10 and 2010-11 against income of relevant AY 2012-13 to assessee, holds Sec. 79 provisions… Read More
Direct Tax: Gujarat HC upholds ITAT order, confirms unexplained cash credit addition u/s 68 in case of assessee (an individual), with respect to receipt of unsecured loan despite confirmation from lender; [TS-71-HC-2018(GUJ)] Pune ITAT deletes… Read More
CORPORATE AND PROFESSIONAL UPDATES 24TH FEB 2018 Profit from sale of land after dividing it into small plots not to be considered as business income-Where assessee sold its land held… Read More
SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID 19 pandemic @ 5.50% - 6% p.a- AROG- SCHEME Target Customer / Purpose MSME is involved in the production or… Read More
CORPORATE AND PROFESSIONAL UPDATES 23RD FEB 2018 Direct Tax: A non-resident company supplied billing software to 'Reliance' for purpose of billing their customers, in view of the fact that the… Read More
All About Deductions U/s 80CCD of Income tax Act Income Tax Act, 1961 provides various tax deductions under Chapter VI-A for contribution to pension plans. Such deductions are available u/s… Read More
What is an GST Audit? As per Section 2(13) of CGST Act, 2017'audit' means the examination of records and other documents maintained or furnished by the registered person under this… Read More
A Trademark is one of the most important business asset you'll ever own. It distinguishes your company and its products in the marketplace. The marketplace is crowded and it’s hard… Read More
Direct Tax: Delhi High Court has refuses to set aside re-assessment notice U/s. 147/148 issued by Income Tax Department to the partnership firm Sky Light Hospitality, in which Robert Vadra… Read More
New Law: Guide for legal recourse on Cheque bounce under Negotiable Instrument Act Cheques are used in almost all transactions such as re-payment of loan, payment of salary, bills, fees,… Read More