STARTUP INDIA PORTAL HAS BEEN FINALLY LAUNCHED STARTUP INDIA PORTAL HAS BEEN FINALLY LAUNCHED Information Availability: The portal and mobile app provide up-to- date information on various notifications/ circulars issued by… Read More
Update on services provided by Government or Local Authority Services (except few) provided by Government or Local Authority to business entities are covered under Reverse Charge Mechanism w.e.f 1st April… Read More
NEW UPDATE ON LEGALITY OF REOPENING OF ASSESSMENT U/S 147/263 BASED ON AUDIT OBJECTIONS One of the key sources of dispute is the existing arrangement for follow up on audit… Read More
CORPORATE AND PROFESSIONAL UPDATE APRIL 30, 2016 Direct Tax: Income Tax has issued a circular on Framework for computation of book profit for the purposes of levy of MAT under section… Read More
CORPORATE AND PROFESSIONAL UPDATE APRIL 29, 2016 DIRECT TAX Income Tax: Fee for technical services : Where assessee-foreign company provided data processing support service to Indian bank and it was argued that… Read More
CORPORATE AND PROFESSIONAL UPDATE APRIL 26, 2016 Direct Tax: Waiver of loan tantamount to benefit or perquisite, chargeable to tax under Sec. 28(iv)[2016] 68 289 (Madras) Commissioner of Income Tax v. Ramaniyam… Read More
CORPORATE AND PROFESSIONAL UPDATE APRIL 25, 2016 DIRECT TAX: The definition of rent includes any payment by whatever name called, for use of buildings including factory buildings, equipment, furniture or… Read More
CORPORATE AND PROFESSIONAL UPDATE APRIL 23, 2016 DIRECT TAX: IT: Expenditure relatable to day to day running of the business is allowable as revenue expenditure in the hands of assessee irrespective… Read More
CORPORATE AND PROFESSIONAL UPDATE APRIL 21, 2016 Indirect Tax: IT: Receipt by the assessee from the HUF of which the assessee was the member - treated as gift received from the… Read More
TDS Refund Procedure: How to Claim & verify status of TDS Refund online BRIEF INTRODUCTION- TDS REFUND Tax Deducted at Source (TDS) is basically the sum that's deducted from a taxpayer’s income like salary,… Read More