Professional Update For the Day: Direct Tax:- Delhi High Court held that in case of assessees engaged in providing telecom services deduction under Section 80IA shall be allowed in respect… Read More
Professional Update For the Day: Direct Tax:- CBDT has issued Circular on 2nd Nov 2016 on Chapter VI-A deduction on enhanced profits, by virtue of which expenditure disallowed if related… Read More
Professional Update For the Day: Direct Tax:- Karnataka High Court in the below citied case held that Sale consideration received by the assessee is entitled to benefit under Section 54 of… Read More
FEMA's Compounding of Offenses Procedure What is Compounding of contraventions under FEMA ? The Foreign Exchange Management Act, 1999 (FEMA) is an act passed by the Indian Parliament to consolidate… Read More
CORPORATE AND PROFESSIONAL UPDATE OCT 26, 2016 Direct Tax:- Karnataka High Court held that Sale consideration received by the assessee is entitled to benefit under Section 54 of the Income Tax… Read More
CORPORATE AND PROFESSIONAL UPDATE OCT 24, 2016 Direct Tax:- Sum paid to brothers for vacating house held as cost of improvement of house Nanubhai Keshavlal Chokshi HUF v. Income-tax Officer,… Read More
What are the compliances after incorporation of private limited company? BRIEF INTRODUCTION The compliances under Companies Act, 2013, does not ends upon the incorporation of the company. Actually, the issuance… Read More
CORPORATE AND PROFESSIONAL UPDATE OCT 17, 2016 Direct Tax:- Income escaping reassessment void if reasons not supplied. Bombay High Court. The Assessing Officer (AO) is bound to furnish reasons within… Read More
CORPORATE AND PROFESSIONAL UPDATE OCT 15, 2016 Direct Tax:- Telecommunication expenses, insurance charges, personnel expenses, professional expenses, branch office expenses and other expenses incurred in foreign exchange - exclusion from… Read More
BRIEF INTRODUCTION Latest Updates on GST Refund Update as on 1st May 2021 Where the limit to pass orders for rejecting any refund claim fully or partly falls between 15th April 2021… Read More