Buy back calculations when audited accounts more than six months old-MCA Notification
Government of India Ministry of Corporate Affairs Notification New Delhi, 10th March, 2016 GSR….(E...
Reimbursement of expenses not “Work” to fall within the ambit of TDS under section 194C
ITAT Delhi in a recent judgment has held that reimbursement of respective shares in composite expen...
CHANGES IN CENVAT CREDIT RULES BY UNION BUDGET 2016-17
AMENDMENTS IN THE CENVAT CREDIT RULES, 2004 Amendments related to Capital Goods Wagons of sub headin...
CHANGES PROPOSED IN SERVICE TAX BY UNION BUDGET 2016-17
Changes proposed in Service Tax by Union Budget 2016-17 Rate of Service Tax The effective rate of Se...
CHANGES PROPOSED IN CENTRAL EXCISE LAW BY UNION BUDGET 2016-17
Changes proposed Central Excise Law by Union Budget 2016-17 1.The Clean Energy Cess is being renamed...
Capital Gain Tax Rates in India
Capital Gain Tax is part of income tax levied under Income Tax Act, 1961. It is a tax levied on prof...
Disallowance u/s 40A(3) for cash payments cannot be made if genuineness not doubted
INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No. 102(Asr)/2014 Assessment Year: 2010...
Capital Gain Exemption u/s 54B investment in wife name allowed but disallowed in bhabhi name
INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No. 21(Asr)/2015 Assessment Year: 2009-...
Section 79 do not apply to carry forward and set off of unabsorbed depreciation in case of change in shareholding
INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH ‘A’, BANGALORE I.T(TP).A No.635/Bang/2015 (Assessm...
Rent from commercial property taxable as business income not house property
INCOME TAX APPELLATE TRIBUNAL RAJKOT BENCH, RAJKOT ITA No: 337/Rjt/2013 & C.O. No. 3/Rjt/14 Asse...