corporate and professional update april 30, 2016
CORPORATE AND PROFESSIONAL UPDATE APRIL 30, 2016 Direct Tax: Income Tax has issued a circular on Framework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies dated 28/04/2016. Levy of entertainment tax – Water sport activities offered by …