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
Key Take Always From The Round Table On Tax Reforms Collection of taxes alone is not enough, it is also important that it is collected in a reasonable manner, without… Read More
Corporate tax Update for the Month Of October Second week Company Law: Query: In case the appointment of an auditor is not ratified by the shareholders at annual general meeting as… Read More
Corporate tax Update for the Month of October first week DIRECT TAXES: TDS liability on advertisement - There is no contract between the assessee and these two payee firms for… Read More