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
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 1,2016 Direct Tax TP: Turnover is a relevant factor to consider comparability. [CIT vs. Pentair Water India Pvt. Ltd (Bombay High Court)]. A mere change in the… Read More
Highlights of Railway Budget for 2016-17. Following are highlights of the Railway Budget for 2016-17 (Apr-Mar), presented by Railway Minister Suresh Prabhu in Parliament today: GENERAL * Budget reflects aspirations… Read More