CORPORATE AND PROFESSIONAL UPDATE JANUARY 20, 2016 Government of India has vide its Notification F.No. 4(19)-W&M/2014 dated 14.01.2016 announced that the Sovereign Gold Bonds, 2016 will be open for… Read More
Hon'ble PM Modi launches Startup India Program STARTUP INDIA: Hon'ble PM Modi launches Startup India Program on Sat, 16 JAN 2016 to boost innovation-based business with many incentives and ease of… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 18, 2016 Addition u/s 68 cannot be made solely on the ground of non-production of payer’s bank statement [Shri Ashutosh Garg vs. ACIT (ITAT Delhi),… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 17, 2016 INCOME TAX ACT SECTION 2(42C) CAPITAL GAINS - SLUMP SALE Where assessee sold its entire shareholding in its subsidiary company to a third… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 16, 2016 INCOME TAX ACT SECTION 24 INCOME FROM HOUSE PROPERTY – DEDUCTION Interest : Where assessee undertook to pay loan of financial institutions as a… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 15,2016 INCOME TAX ACT SECTION 2(15) CHARITABLE PURPOSE Object of general public utility/Trade promotion association : Where assessee-association was formed with an object to promote leather… Read More
PROFESSIONAL UPDATE JANUARY 14, 2016 Period to grant Amnesty- Extended under Haryana VAT On 13-01-2016, the much-awaited Amnesty Scheme for recovery of dues up to 01-April-2015 has been provided for… Read More
CORPORATE AND PROFESSIONAL UPDATE JANUARY 13,2016 DIRECT TAX: Income Tax 1st Amendment Rules, 2016 Notified vide notification no. 3/2016/2015. Corrigendum to Notification No. 93/2015 dated 16/12/2015 has been issued vide… Read More
PROFESSIONAL UPDATE JANUARY 12, 2016 ASSESSMENTS U/S 153A PURSUANT TO SEARCH PROCEEDINGS ARE LIMITED TO INCRIMINATING MATERIAL UNEARTHED DURING THE COURSE OF SUCH SEARCH:- CIT vs. Kabul Chawla (Delhi High… Read More
CORPORATE AND PROFESSIONAL UPDATE ON TAX JANUARY 10, 2016 DIRECT TAX The Revenue Department Delhi has made the e-filing of applications mandatory for companies for payment of stamp duty on share certificates.… Read More