ITAT Amritsar, in a recent judgment has held that shipping charges (Inland haulage charges, Terminal handling charges, Bunker adjustment factor, Cost adjustment factor, etc) using non-resident shipping are not liable to TDS u/s 172(8) as supplemented by CBDT Circular No. 723/1995 Case Details: ITA No.257(Asr)/2014 Assessment year:2006-07 PMS …
Calcutta High Court in a recent judgment has held that expenditure incurred for software development was  capital expenditure Case Details: ITA No. 278 OF 2007 Indian Aluminium Co. Ltd Versus Commissioner of Income Tax-III Kolkata Date of Judgment: 18/03/2016 Question of Law: Whether on the facts and in the …
In a recent judgment, Calcutta High Court has held that to claim exemption under section 10(22A), existence of a nexus between the hospital or an institution engaged in any one of the five activities, and the income is essential. Kindly note that the said section 10(22A) has since been …
Government of India Ministry of Corporate Affairs Notification New Delhi, 23rd March, 2016 S.O. (E) In exercise of the  powers  conferred  by  sub-sections  (1)  and  (2)  of section 396 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the Act), the Central Registration Centre (herein …
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 23rd March, 2016 Sub: Inclusion of interest income in the return of income filed by persons liable to pay tax- regarding Information regarding interest earned by individuals and business entities …
ICAI Announcement for Empanelment of Resource Persons Madam/Sir, We are pleased to share with you that the Institute of Chartered Accountants of India under the aegis of Investor Education and Protection fund (IEPF) is conducting Investor Awareness Programs through its Committee on Financial Markets & Investors’ Protection. The …
