CORPORATE TAX UPDATE FOR 23th OCTOBER 2015 UPDATES 1. IT : Payment made to retiring partner above his capital for acquiring commercial rights is depreciable as goodwill IT : Where… Read More
SERVICE TAX UPDATE 1.Central government has issued a Notification No. 19/2015-ST dt. 14th October, 2015, with reference to the general practice prevailing in the industry of not paying the service… Read More
CORPORATE TAX UPDATE FOR 22th OCTOBER 2015 FAQ on Company Law: Query: - Our query is whether we can file Annual filing forms with the ROC annexing Financial statements (Balance sheet &… Read More
Jitendra ENTIRE LAW ON DISALLOWANCE UNDER SECTION 40(A)(IA) Mansukhlal Shah v. DCIT (Mum.)(Trib.) Section 40(a)(ia): Merilyn Shipping 136 ITD 23 (SB) should be followed in view of approval by Allahabad… Read More
GST Refunds Mechanism under Service Export Export refunds are often a subject matter of dispute and bone of contention between the exporter and the tax department in the context of… Read More
FOREIGN SUBSIDIARY COMPANY A foreign subsidiary is any company, where 50% or more of its equity shares are owned by a corporation that's incorporated in another foreign nation. The said foreign company in such a… Read More
Corporate tax Update for the Month of October third week INCOME TAX ACT SECTION 2(22) DEEMED DIVIDEND Loans or advances to shareholder : Where current account transactions between two group… Read More
Company Law: CORPORATE TAX FREQUENTLY ASKED QUESTIONS Query: Whether independent directors shall be included in the total number of directors for the purpose of sub-section (6) and (7) of section 152… Read More
AUDIT WORK & CERTIFICATION WOULD NOT COME WITHIN THE REALM OF FTS In a recent ruling, the ISO Certification fee paid by Indian companies to Non-Resident can't be treated as… Read More
Corporate tax Update for the Month of Second week INCOME TAX ACT SECTION 2(22) DEEMED DIVIDEND Loans or advances to shareholder : Where current account transactions between two group companies were… Read More