OVERVIEW ON TRANSFER PRICING Transactions between two or more enterprises belonging to the same multinational group have created a… Read More
Professional Update for the Day: Direct Tax:- SC dismisses Revenue’s SLP challenging Bombay HC order quashing CIT’s order u/s 263… Read More
Professional Update for the Day: Direct Tax:- The Income Tax department clarified that businesses and traders receiving cash exceeding… Read More
Professional Update For the Day: Direct Tax:- CBDT has issued a circular via circular no. 41 of 2016 dated… Read More
Professional Update For the Day: Direct Tax:- CBDT has decided to reduce the existing rate of deemed profit of… Read More
Professional Update For the Day: Direct Tax:- CBDT warns of penal action if I-T returns are 'drastically' changed against misusing the… Read More
Professional Update for the Day: Direct Tax:- CBDT clarified that filing of revised return cannot be used as the tool… Read More
Professional Update For the Day: Direct Tax:- CBDT has issued a prèss release dated 14th December 2016 regarding filling of… Read More
Professional Update For the Day: Direct Tax:- CBDT has advised its Assessing Officers, not to reopen past assessments merely on the… Read More
Professional Update for the Day: DIRECT TAX: Reopening u/s 147 of the assessment is not valid if the reasons recorded… Read More