Professional Update For the Day: DIRECT TAX CBDT clarified that the Existence of undisclosed bank deposits is non-mandatory on the date of PMGKY payment. CBDT has asked Taxmen to Fast… Read More
Professional Update for the Day: Direct Tax:- Bombay High Court in the below cited case held that when the assessee’s volume of purchasing & selling shares is quite high with… Read More
Professional Update for the Day: Direct Tax:- CBDT issues circular for TDS on salary for FY 2016-17 Vide Circular No 01/2017. Circular contains rates of deduction of income-tax on income chargeable under… Read More
Professional Update for the Day: Direct Tax:- CBDT has issued a press circular regarding the signing of three more Advance Pricing Agreements (APAs). These agreements pertain to the Engineering goods… Read More
OVERVIEW ON TRANSFER PRICING Transactions between two or more enterprises belonging to the same multinational group have created a new and complex issue as a result of the increasing… Read More
CASUAL TAXABLE PERSON AND NON- RESIDENT TAXABLE PERSON WHAT IS THE POSITION OF CASUAL TAXABLE PERSON There is some person in a business who does not do the business regularly… Read More
FREQUENTLY ASKED QUESTIONS ON COMPANIES LAW Query : One of our client companies is a private company wants to make political contribution during the current financial year and has been in… Read More
Professional Update for the Day: Direct Tax:- SC dismisses Revenue’s SLP challenging Bombay HC order quashing CIT’s order u/s 263 (revision proceedings) for AYs 2007-08 and 2008-09; CIT (A) had… Read More
Professional Update for the Day: Direct Tax:- ITAT Bench Jaipur in the below-cited case held that if the assessee has treated the… Read More
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