FOREIGN INWARD REMITTANCE CERTIFICATE (FIRC) 1. INTRODUCTION: Foreign Inward Remittance Certificate (FIRC) is a document that provides proof of inward remittance to India. Such remittance could be either on account… Read More
Corporate and Professional Update December 8, 2015 INCOME TAX ACT SECTION 10A FREE TRADE ZONE Computation of deduction : An assessee cannot include notional interest on surplus funds as income in… Read More
Corporate and Professional Update December Direct Taxes: Reimbursement of salary costs of seconded personnel - whether is in the nature of fees for technical services u/s 9(1)(vii) - TDS u/s… Read More
Corporate and Professional Update December 6, 2015 Indirect Taxes: Activity of production of Marble Slabs / tiles from rough irregular marble slabs - cutting and polishing of the granites into… Read More
UNDERSTANDING, CIRCUMSTANCES, TIME LIMIT, PRIOR PERMISSION UNDER FCRA Understanding ‘prior permission’ under FCRA An association or an organization can receive foreign contributions even without registration with prior permission from the… Read More
ANNUAL FILLING OF A PRIVATE LIMITED COMPANY Every company shall prepare a return (hereinafter referred to as the annual return) in the prescribed form containing the particulars as they stood… Read More
Corporate & Other Laws Update December Finance Ministry to clean-up trade transfer pricing norms to make doing business easy India proposes a major clean-up of decade-and-a-half old rules that govern… Read More
Income From Offshore Services Isn't Taxable If It Is Provided Outside India Without Any Connection With Pe In India IHI Corporation v. ADIT [Mumbai ITAT] ITA No. 7267 of 2012… Read More
Guide on Tax deduction at Source (TDS) for Financial Year 2020-21 and 2021-22 TDS Rate under the COVID 19 Situations : The Govt granted relief in the TDS rates for… Read More
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 4, 2015 DIRECT TAXES: TDS credit - vendor deposited the TDS with the PAN of the assessee wrongly instead of its sister concern - Assessee… Read More