CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 11, 2016 DIRECT TAX Income Tax: Qualification for exemption u/s 10(5) - LTC paid to the employees involving foreign travel - TDS on the payment… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 10, 2016 DIRECT TAX EXPENDITURE INCURRED IN RELATION TO INCOME NOT INCLUDIBLE IN TOTAL INCOME:Tribunal faced strong criticism for not following the judgment of… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 9, 2016 DIRECT TAX • IT: There cannot be a notice for re-assessment inasmuch as the question of re-assessment arises only when there is… Read More
The Ongoing Controversy On Erroneous Applicability Of Dividend Distribution Tax Finally Ends During the past quarters, the provisions of law regarding buy-back of shares since introduction of dividend distribution… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 7,2016 BRIEF SUMMARY OF THE AMENDMENTS PROPOSED BY THE FINANCE BILL, 2016 (Income Tax & Service Tax) Part-I: Amendments Proposed in the Income Tax… Read More
Taxability of Dividend in the hands of Shareholders- Union Budget 2016 The taxation of dividends has seen several twists and turns over the years. In order to reduce the cost… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 5,2016 Direct Tax TRANSFER PRICING - COMPUTATION OF ARM'S LENGTH PRICE: Where assessee had benchmarked its international transactions on TNMM basis and TPO had… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 4, 2016 Direct Tax New Form 35 for Appeal to the Commissioner of Income-tax (Appeals) introduced vide CBDT NOTIFICATION dated 01.03.16. Last day to… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 3, 2016 INCOME TAX ACT SECTION 92C TRANSFER PRICING - COMPUTATION OF ARM’S LENGTH PRICE Comparables and adjustments/Adjustments – Illustrations : Where business operation of… Read More
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 2,2016 Direct Tax Unless and until the capital asset is used as a tool for carrying out the business of the assessee and the… Read More