MEANING OF RELATIVE UNDER DIFFERENT ACT As per section 2(41) of the income tax act "Relative", in relation to an… Read More
corporate and professional updates 14th April 2018 Direct Tax: Delhi High Court held that Reopening after 4 years with approval of… Read More
Direct Tax: Delhi High Court held that Reopening after 4 years with approval of DIT instead of JCIT is invalid Yum!… Read More
corporate and professional updates 12th APRIL 2018 Direct Tax: CBDT made the Income-tax (Third Amendment) Rules, 2018 to further amend the Income-tax… Read More
Tax incidence on an Assessee depends on his Residential status. For instance, whether an income, accrued to an individual outside… Read More
Direct Tax: CBDT notified the Procedure for registration and submission of Statement of Reportable Account as per section 285BA of Income-tax… Read More
Direct Tax: Madras High Court held that the main criteria for treating a person as the Principal Officer is that… Read More
Corporate and Professional Updates 7th April 2018 Direct Tax: ITAT deletes TP-adjustment of Rs. 339.17 crores in respect of receipt… Read More
corporate and professional updates 6th April 2018 Direct Tax: ITAT directs application of TNMM over TPO/DRP’s CUP-method for benchmarking assessee’s… Read More
Maintenance of Books of Accounts Change in limits for Maintenance of Books of Accounts (Section 44AA): If your net income*… Read More