Solatium should also be taken into consideration while computing market value of an asset as on 1-4-1981 Section 48 of… Read More
A STEP TOWARDS GST, IN UNION BUDGET 2015 Taking a step towards GST, in Union Budget 2015, Honourable Finance Minister… Read More
CORPORATE AND PROFESSIONAL UPDATE SERVICE TAX AMENDMENTS Clarification about the Rate of Service Tax The rate of Service Tax will… Read More
Method of accounting - Estimation of profit -Net profit rate-Section 145 of the Income-tax Act, 1961 AO couldn't disallow… Read More
IMPORTANT UPDATE ON INCOME TAX: NOTIFIED ITR-1, ITR-2 & ITR-4S FOR A. Y. 2015-16 AND CHANGES IN RULE 12 OF INCOME… Read More
CLARIFICATION ON RATE OF SERVICE TAX - REGARDING 1. Doubts have been expressed in various forums regarding the proposed increase… Read More
No disallowance if TDS is deposited before due date of filing return; amendment to sec. 40(a) (ia) has retro-effect Section… Read More
PENALTY FOR CONCEALMENT OF INCOME - EFFECT OF DISALLOWANCE OF CLAIM No penalty on disallowance of capital gains if disclosure… Read More
EXPECTATIONS FROM - BUDGET 2015 As most of us are aware, the present government has come to power on agenda… Read More
ALLOWABILITY OF SALARY TO PARTNER, IN CASE OF FIRM - BUSINESS EXPENDITURE No reassessment after 4 years alleging wrong allowance… Read More