FEMA's Compounding of Offenses Procedure What is Compounding of contraventions under FEMA ? The Foreign Exchange Management Act, 1999 (FEMA) is an act passed by the Indian Parliament to consolidate… Read More
CORPORATE AND PROFESSIONAL UPDATE OCT 26, 2016 Direct Tax:- Karnataka High Court held that Sale consideration received by the assessee is entitled to benefit under Section 54 of the Income Tax… Read More
CORPORATE AND PROFESSIONAL UPDATE OCT 24, 2016 Direct Tax:- Sum paid to brothers for vacating house held as cost of improvement of house Nanubhai Keshavlal Chokshi HUF v. Income-tax Officer,… Read More
What are the compliances after incorporation of private limited company? BRIEF INTRODUCTION The compliances under Companies Act, 2013, does not ends upon the incorporation of the company. Actually, the issuance… Read More
CORPORATE AND PROFESSIONAL UPDATE OCT 17, 2016 Direct Tax:- Income escaping reassessment void if reasons not supplied. Bombay High Court. The Assessing Officer (AO) is bound to furnish reasons within… Read More
CORPORATE AND PROFESSIONAL UPDATE OCT 15, 2016 Direct Tax:- Telecommunication expenses, insurance charges, personnel expenses, professional expenses, branch office expenses and other expenses incurred in foreign exchange - exclusion from… Read More
BRIEF INTRODUCTION Latest Updates on GST Refund Update as on 1st May 2021 Where the limit to pass orders for rejecting any refund claim fully or partly falls between 15th April 2021… Read More
Everything That You Need To Know About GST Goods and Services Tax (GST) is a form of indirect tax. It is proposed to come into force from 1st of April… Read More
How will Tax Structure Look Like After Implementation of Goods and Services Tax? GST Council approves four tier GST rates @ 5% (Food Items), 12% & 18% (Standard) & 28% (Aerated drinks,… Read More
A Comparative Outlook Of Goods And Services Tax The GST is a new regime in the world of indirect taxes. It is a tax on the sale of goods and… Read More