Multilateral Convention to Implement Tax Treaty related Measures to Prevent Base Erosion and Profit Shifting signed by India on 7th day of June, 2017; MINISTRY OF FINANCE(Department of Revenue)(INCOME TAX) Notification No. 57/2019 New Delhi, the 9th August, 2019 S.O. 2887(E).—Whereas the Multilateral Convention to Implement Tax Treaty …

Government issues Scheme to provide a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs The step would provide liquidity to NBFCs and enable them to continue to play their role in meeting the financing requirements of productive sectors of economy In …

CBDT rebuts incorrect reports about Income Tax notices to Durga Puja Committees in Kolkata Press Release There have been reports in the media about Income Tax notices being issued to Durga Puja Committees in Kolkata recently. The reports also mention that Income Tax notices were sent to the …

All pending INC-12 SRNs for new section 8 Company incorporation at RoCs to be Rejected on 15th August 2019 due to Simplification of process of Incorporation of Section 8 Companies – MCA Advisory (1) With a view to simplify the process for incorporating Section 8 Companies, requirement of …

Make CSR expenditure tax deductible recommends High Level Committee on CSR in its report submitted to Government.   Shri Injeti Srinivas, Secretary (Corporate Affairs), today presented the Report of the High Level Committee on CSR to the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman.   …

Section 292BB does not save complete absence of notice. Section seeks to cure only infirmities in service of notice – Supreme Court ABCAUS Case Law Citation:ABCAUS 3120 (2019) (08) SC Important case law relied upon by the parties:ACIT v. Hotel Blue Moon’ (2010) 321 ITR 362 The instant …