• Income Tax

Partnership salary allowed in profit loss ratio as per deed as the remuneration clause provided the manner of quantifying as per CBDT Circular No. 739

9 years ago

Partnership salary allowed in profit loss ratio as per deed. Remuneration clause provided the manner of quantifying as per CBDT…

  • Income Tax

No Penalty 271(1)(c) even if quantum proceedings upheld additions. Merely because a bona fide explanation did not find favour, penalty not justified

9 years ago

No Penalty 271(1)(c) even if quantum proceedings upheld additions. Merely because a bona fide explanation did not find favour, it would not…

  • Companies Act

Insolvency and Bankruptcy Code 2016-ICAI Request to give suggestions on the Draft Rules and Regulations issued by MCA

9 years ago

Insolvency and Bankruptcy Code 2016-ICAI Request to give suggestions on the Draft Rules and Regulations as issued by the Ministry…

  • Income Tax

IDS 2016 Clarification-electronic communication of Form-2 and eligibility where search, seizure conducted on or after 01-06-2016. CBDT Instruction 11/2016

9 years ago

IDS 2016 Clarification Instruction No. 11 of 2016 F.No.142/8/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue (Central Board…

  • Income Tax

Applicability of TDS us 194-I to lump sum lease premium paid for acquisition of long term lease. CBDT Circular No. 35/2016

9 years ago

Applicability of TDS us 194-I to lump sum lease premium paid for acquisition of long term lease Circular No. 35…

  • Income Tax

Income Tax Department vindictively disallowed agricultural income claim of Jayalalithaa. Sasikala also gets similar relief from ITAT

9 years ago

Income Tax Department vindictively disallowed agricultural income claim of Jayalalithaa.  Sasikala also gets relief from ITAT ABCAUS Case Law Citation:…

  • Income Tax

No income concealment us 271(1(c) on gift under explanation 5A. NSC declared us 153A was received as inheriting, gift from father, grandfather-ITAT

9 years ago

No income concealment us 271(1(c) on gift under explanation 5A. NSC declared us 153A was received as inheriting, gift from…

  • EPFO

Contribution to Pension Fund on salary exceeding 15000 per month. Option to be exercised by employee and employer jointly – EPFO

9 years ago

Contribution to Pension Fund on salary exceeding 15000 per month. Option to be exercised by employee and employer jointly -…

  • Government

Foreign Trade Data Dashboard with Enhanced feature launched. It gives a graphical collection of exports imports and balance of trade of India

9 years ago

Foreign Trade Data Dashboard with Enhanced feature launched. New Dashboard gives a graphical collection of exports imports and balance of…

  • ICAI

ICAI Request for improving MCA annual filing compliance by pursuing companies to help MCA in achieving the targeted compliance of 80%

9 years ago

ICAI Request for improving MCA annual filing compliance by pursuing companies so as to help the Ministry of Corporate Affairs…