• Income Tax

Foreign exchange fluctuation loss-If event has occurred before balance sheet date and a subsequent event materially affects profits, it has to be provided

10 years ago

Foreign exchange fluctuation loss event occurring before balance-sheet date. If the event has occurred before the balance-sheet date and a…

  • Income Tax

Order passed on deceased person without bringing legal heirs on record null and void.

10 years ago

Order passed on deceased person name without bringing legal heirs on record null and void. This was held by ITAT…

  • Income Tax

e-TDS-TCS Form 24G AIR filing fees-charges wef 01062016

10 years ago

W.e.f. June 1, 2016, the e-TDS/TCS, Form 24G and Annual Information (AIR) acceptance fees have been revised as under: 1.…

  • Income Tax

Deduction us 80IA-Notional brought forward of losses even when it were set off against income of the assessee in earlier years not allowed

10 years ago

Deduction us 80IA-Notional brought forward of losses even when it were set off against income of the assessee in earlier…

  • Income Tax

Disallowance us 361iii for bank interest on unutilized loan. If satisfied that loan was for business, no addition required for unutilized part at year end

10 years ago

Disallowance us 361iii for bank interest on unutilized loan In a recent judgment, ITAT held that once the Assessing Officer satisfied…

  • Income Tax

TDS statements processing fully CPC centralized and AO has no power to revise the order. This ground of appeal by Revenue rejected by ITAT

10 years ago

The processing of TDS statements are fully centralized at CPC (TDS) Vaishali Ghaziabad and the AO has no power to revise…

  • Service Tax

Service Tax-Speedy Disbursal of exporters Pending refund claims under rule 5 of CENVAT Credit Rules 2004. Service Tax Circular No.195/05/2016

10 years ago

Service Tax-Speedy Disbursal of exporters Pending refund claims Circular No. 195/05/2016-Service Tax F. No. 137/62/2015-Service Tax Government of India Ministry…

  • Black Money

India Switzerland early agreement for implementation of AEOI for Fighting the menace of Black Money stashed in offshore abroad accounts

10 years ago

India Switzerland early agreement for implementation of AEOI  India and Switzerland agree to move towards an early agreement for the…

  • ICAI

ICAI invites suggestions on Model GST Law. Suggestions/comments to be submitted to Indirect Taxes Committee by 30-06-2016

10 years ago

ICAI invites suggestions on Model GST Law The Indirect Taxes Committee of ICAI is getting ready to prepare training material…

  • Income Tax

India Mauritius DTAA Stakeholders comments invited by 4th July 2016-Working Group to examine issues arising out of amendments

10 years ago

India Mauritius DTAA Stakeholders comments invited Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes…