Professional Update For the Day: DIRECT TAX: CBEC has issued a clarification regarding supply of goods manufactured by EOUs without payment of central excise duty against advance licence/authorisation vide circular No. 1046/34/2016-CX … Read More
CORPORATE AND PROFESSIONAL UPDATE SEPT 19,2016 DIRECT TAX UPDATE Extension to 17-10-2016 of due date for filing ITRs in cases where the due date of ITR is 30.9.2016 due to clash with… Read More
Professional Update For the Day: DIRECT TAX: CBDT has extended the due date of filling of Income tax return by tax payers whose accounts are required to be audited under… Read More
Professional Update For the Day: Direct Tax: ITAT Chennai in the below citied case held that exemption u/s 54F of the Act shall not be eligible for construction of swimming… Read More
Unauthorized banking transactions: 10 things to know RBI has issued a draft Circular to review the criteria for determining customer's liability, considering the recent surge in unauthorized transactions in banks… Read More
Section 285BA of the Income Tax Act, 1961, read with Rule 114E of the Income Tax Rules 1962, mandates the filing of Annual Information Return (AIR) in respect of specified… Read More
Frequently Asked Question on Tax Residency Certificate Q.: What requirements should such a certificate meet? For tax reasons, the certificate of residence confirms the location of counter party’s registered office.… Read More
Professional Update For the Day: DIRECT TAX: SAFEMA : It is only when link or nexus of properties with convict/revenue or to income from such illegal activity is established, properties… Read More
Professional Update For the Day: Direct Tax: IT: TDS u/s 194C - non tds on Vehicle / dumper Hire Charges - No contract either verbal or written is entered into with… Read More
REQUIREMENT OF REGISTRATION LIABILITY UNDER GST LAW (SCHEDULE III) : Every supplier shall be liable to be registered under GST Act in the State from where he makes… Read More