CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 23,2016 DIRECT TAX Income Tax: Attachment of bank account - any action to recover taxes adopting coercive means is not permissible till the petitioner's… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 22,2016 DIRECT TAX Income Tax: Wherever under the DTAA’s. Make available clause is found, then as there is no imparting, the payment in question is… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 21,2016 DIRECT TAX Income Tax: Where assessee-NBFC provided security in form of cash collateral for loans purchased by purchaser-bank but did not book said… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 19,2016 DIRECT TAX INCOME TAX: CBDT directs reopening assessments in claim of bogus capital gains / loss in penny investment scam by taxpayers vide… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 18,2016 DIRECT TAX Income Tax: Addition u/s 56(2)(viia) - deemed gift - Since the transaction of sale and purchase of shares is between related parties… Read More
NRI Selling Property in India In comparison to an Indian Resident selling a property in India, an NRI must go through a number of procedures. As a result, it is critical… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 16,2016 DIRECT TAX Income Tax: Disallowance of Privilege fee paid u/s 40(a)(ii) or (iib) - sharing of revenue with the state - The privilege fee… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 15, 2016 The Reserve Bank of India (RBI), it seems, has finally lent ear to millions of such prospective account holders. It has simplified the KYC… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 13, 2016 DIRECT TAX TDS u/s 194J or 194C - payments made to various TV channels - section 194J is attracted to the facts… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 12, 2016 DIRECT TAX Income Tax: Computation of MAT u/s 15JB - Book Profit - Once it is realized that the assessee had correctly debited… Read More