CORPORATE AND PROFESSIONAL UPDATE DECEMBER 26, 2015 INCOME TAX ACT INCOME TAX ACT SECTION 2(15) CHARITABLE PURPOSE The object of general public utility - Banking technology service: Where assessee-society was established… Read More
INCOME TAX ACT - Company Taxation in India ALTERNATE MINIMUM TAX (AMT) [CHAPTER XII-BA–SECTIONS 115JC TO 115JF] SET OFF OF CREDIT OF MAT PAID UNDER SECTION 115JB [SECTION 115JAA] MINIMUM… Read More
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 24, 2015 INCOME TAX ACT SECTION 4 INCOME - CHARGEABLE AS Capital receipt : In case of issue of FCCB, increase or decrease in liability on… Read More
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 23, 2015 INCOME TAX ACT SECTION 2(22) DEEMED DIVIDEND Inflated Purchases : Payment of money by inflating purchases cannot be construed as loan or advance within… Read More
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 22, 2015 INCOME TAX ACT SECTION 9 INCOME - DEEMED TO ACCRUE OR ARISE IN INDIA Interest : Where assessee-company paid interest on FCCBs issued by… Read More
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 21, 2015 DIRECT TAXES: IT: Where Assessing Officer received information from Enforcement Directorate that in books of assessee there were huge cash deposits which were… Read More
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 20, 2015 TPO can reject transfer pricing study report based on multiple year data and use only current year data [ITAT Bangalore DCIT vs. M/s.… Read More
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 19, 2015 FAQ ON COMPANY LAW: Query: One of our client company appointed us as Auditors of the company at the Annual General Meeting held on… Read More
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 18, 2015 ST: Whether the activity of transportation services carrying employees of companies from specific points to the factory/establishment and back can be categorized under Tour… Read More
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 17, 2015 FAQ on Company Law: Query: We have incorporated a Pvt Ltd Company on 29th October 2015. But since then no Board meeting has been held… Read More