Author: administrator

Supreme Court explains the doctrine of mutuality with respect of non-occupancy charges etc. received by cooperative societies from members

Supreme Court explains the doctrine of mutuality. Receipts of non-occupancy charges, transfer charges, common amenity fund charges received by cooperative societies, from its members exempt from tax ABCAUS Case Law Citation: ABCAUS 2260 (2018) (03) SC The question of law that arose for consideration of the Hon’ble Supreme …

Due date for furnishing Country-by-Country report is 31st March 2018 u/s 286(2) only & not u/s 286(4)

Due date for furnishing Country-by-Country report -CBDT Clarification The Government of India issues clarification regarding requirement for furnishing of Country-by Country Report under Section 286(4) of Income Tax Act, 1961.  In keeping with India’s commitment to implement the Recommendations of the 2015 Final Report on Action 13, titled “Transfer Pricing …