Applying the three tests laid down by various decisions of this Court, namely, whether the income accrued to the assessee is real or hypothetical; whether there is a corresponding liability of the other party to pass on the benefits of duty free import to the assessee even without any imports having been made
conditions for grant of exemption up to Rs.15,000 per employee towards medical reimbursement paid by the Assessee satisfies conditions contemplated by the proviso (v) to Sec.1 7(2) of the Act, can the AO deny the relief under the proviso (v) to Sec.17(2) of the Act?
Notification No.105/2013-Customs (N.T.) , Dated the 17th October, 2013 Rate of exchange of conversion of each of the foreign currency with effect from October 18, 2013
SEBI released the Development Research Group (DRG) Study titled, Impact of Increased Derivatives-Trading in India on the Price-Discovery Process. The study is co-authored by Prof. Banikanta Mishra, Dr. Sarat Malik, and Laltu Pore.
Merger and amalgamation (‘M&A’) deals are increasing in India. Increase in competition has made organizations merger themselves to reap the benefits of a large-sized company. To understand this article, first one need to know the terms – merger, amalgamation, transferor company and transferee company.
The much-awaited Companies Bill, 2013 got the President’s assent on 29 August 2013. The new Companies Act, 2013 seeks to consolidate and amend the law relating to the companies and intends to improve corporate governance, raise levels of transparency and to further strengthen regulations for corporates. The Act has made significant changes to the provisions of law and has introduced several new concepts.
CBDT has provided Tax Audit Data to ICAI based on the returns e-filed during the financial year 2010-11. This has been published in one of the leading Private Website for CAs on 16th day of November 2011.
As per verbal talk with the CA Swadesh Gupta, a counter affidavit was filed by CBDT in high court stating that there were no service validation error, so we require evidence to prove that there were service validation errors in ITR and Tax Audit Report Filing.
CA Haresh N Mehta Can you allow anybody to give untested medicines to Citizens of India? Can you allow anybody to serve half-cooked food to public at large? This is exactly what our beloved Government Departments are doing. They are releasing various forms & e-filing templates which are like half cooked food & which is […]
We have of late been receiving requests from banks for setting up of Specialized Branches like Central Processing Centres (CPCs)/ Retail Assets Processing Centres/ Regional/ Zonal Processing Centres.
