CORPORATE AND PROFESSIONAL UPDATES 25TH MAY 2018 Direct Tax: Calcutta HC upholds ITAT order for AYs 2008-09 and 2009-10, rules that provision for bad and doubtful debt deduction u/s 36(1)(viia) incase of assessee-bank… Read More
GST Audit Under CGST Act – GSTR -9 & 9C Audit under GST is the process of examination of records, returns and other documents As per sub-section (13) of section… Read More
Direct Tax: Pune ITAT rejects Revenue’s plea for AY 2009-10 that deduction with respect to Research & Development (R&D) expenditure u/s 35(2AB) is restricted only to the extent of approval… Read More
Direct Tax: ITAT Delhi held that addition cannot be made for mere non- production of Directors and non- furnishing of their residential address. M/s Om Shubham Investment & Finance Pvt. Ltd.… Read More
Direct Tax: SC reverses HC's conclusion, allows assessee's claim for area-specific deduction u/s 80-IC in respect of its industrial undertaking located at Himachal Pradesh, rejects Revenue's claim that tax-holiday eligibility… Read More
Due Date for Annual Return of Company All companies registered in India must file an annual return each year, irrespective of business turnover or activity. The annual return must be… Read More
Direct Tax: Pune ITAT rejects Revenue’s plea for AY 2009-10 that deduction with respect to Research & Development (R&D) expenditure u/s 35(2AB) is restricted only to the extent of approval… Read More
corporate and professional updates 19th may 2018 Direct Tax: Madras HC directs the order u/s 201(1)/(1A) (for TDS default on payments to non-resident) be treated as 'show-cause' notice to the assessee instead of… Read More
CORPORATE AND PROFESSIONAL UPDATES 18TH MAY 2018 Direct Tax: Gujarat HC reverses ITAT order, holds that payment to education society for recouping deficit in payment of tuition fees of employees'… Read More
Direct Tax: Delhi HC sets aside ITAT order holding payment by airline company (assessee) for services under crew lease agreement with Lufthansa, Germany as non-taxable 'business profit' absent PE in… Read More