CORPORATE AND PROFESSIONAL UPDATE April 29, 2017 Direct Tax: INCOME - DEEMED TO ACCRUE OR ARISE IN INDIA Royalty : Where on date of agreement entered by assessee, US company, with… Read More
FAQS ON FILING THE INCOME TAX RETURN Q1. What is a return of income? It is a prescribed form through which the particulars of income earned by a person… Read More
CORPORATE AND PROFESSIONAL UPDATE April 28, 2017 Direct Tax: Supreme Court held that if an undertaking is sold as a running business with all assets and liabilities for a slump… Read More
Professional Update For the Day: Direct Tax: Supreme court held that premium collected by the assessee on its subscribed share capital doesn’t constitute capital employed in the business… Read More
Professional Update For the Day: Direct Tax: Last date for submission of a valid return for AY 2015-16 expires on 31st March 2017 u/s 139. Those taxpayers whose returns for AY 2015-16… Read More
Professional Update For the Day: Direct Tax: Share application money received from bogus shareholders, ITO to reopen assessment of such shareholders and not to add the same to the assessee’s… Read More
Professional Update For the Day: Direct Tax: Compensation paid to employees on closure of business couldn’t be termed as VRS package for income-tax relief. [2017] 79 298 (Madras) Mere signing of 'Sauda… Read More
Professional Update For the Day: Direct Tax: Provision made by the assessee for payment of any gratuity, that has become payable during the year is allowable. In fact the CBDT… Read More
Professional Update For the Day: Direct Tax: Advertisement expenses incurred to publicize change of name from UTI bank to Axis Bank allowable as revenue exp. [2017] 79 187 (Ahmedabad - Trib.) Sum… Read More
CORPORATE AND PROFESSIONAL UPDATE MARCH 24, 2017 Direct Tax: CBDT issues clarifications on Income Computation and Disclosure Standard (ICDS) u/s 145(2) of the Income Tax Act, 1961 on 23… Read More