Professional Update for the Day: Direct Tax:- The Income Tax department clarified that businesses and traders receiving cash exceeding Rs 2 lakh in any single transaction for sale of… Read More
WHAT ARE THE CHARACTERISTICS OF GOOD CRYPTOCURRENCIES ANALYSIS- TOP-RATED CRYPTOCURRENCY The 1st cryptocurrency introduced in the market was Bitcoin and it was invented in 2009 by Satoshi Nakamoto. The market… Read More
Professional Update For the Day: Direct Tax:- CBDT has issued a circular via circular no. 41 of 2016 dated 21st December, 2016 regarding clarifications on Indirect Transfer Provisions contained in… Read More
CORPORATE AND PROFESSIONAL UPDATE OCT 12, 2016 Direct Tax:- ITAT Mumbai held that the surplus/savings arising on prepayment of deferred cannot be taxed u/s 28(iv) as by making prepayment of… Read More
Professional Update For the Day: Direct Tax:- ITAT Delhi held that the Long-term capital gain earned by the assessee non-resident on off-market sale of shares of listed Indian Company… Read More
Professional Update For the Day: Direct Tax:- CBDT has decided to reduce the existing rate of deemed profit of 8% under section 44AD of the Act to 6% in… Read More
Professional Update For the Day: Direct Tax:- CBDT warns of penal action if I-T returns are 'drastically' changed against misusing the provision of revised tax returns in a bid to legalize… Read More
Professional Update for the Day: Direct Tax:- Delhi High Court held that assessment proceedings to be invalid against the assessee in those cases where the assessee ceased to have… Read More
Professional Update for the Day: Direct Tax:- CBDT clarified that filing of revised return cannot be used as the tool for manipulating the figures of income, cash-in-hand, profits etc. with… Read More
Professional Update For the Day: Direct Tax:- CBDT has issued a prèss release dated 14th December 2016 regarding filling of Revised Income Tax Returns by the Taxpayers post-de-monetization of currency.… Read More