"17 July 2016" Archive

Netaji, aap Income tax return file karo, hum thumare saath hai?

Krishna, the Maharashtra Election Commission has cancelled registration of 191 political parties for not filing income tax return and audit report. What will happen and what will be its consequences if a common man does not file income tax return?...

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Posted Under: Income Tax |

Government Securities Market in India – A Primer

(Updated upto July 17, 2016) PREFACE The G-Secs market has witnessed significant changes during the past decade. Introduction of an electronic screen based trading system, dematerialized holding, straight through processing, establishment of the Clearing Corporation of India Ltd. (CCIL) as the Central Counter Party (CCP) for guaranteed se...

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Posted Under: Income Tax |

AMP expenditure without agreement with AE is not an international transaction

Loreal India P. Ltd. vs. DCIT (ITAT Mumbai)

The ITAT Mumbai in the above cited case held that Advertising, Promotion and Marketing expenses (AMP) cannot be considered as international transaction unless there exist an agreement between the assessee and its AE to share/reimburse the AMP expenditure incurred by the assessee in India....

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Now apply PAN online using Aadhaar based e-Sign

New online PAN application facility has been launched for PAN applicants with an option of paperless submission of application using Aadhaar based e-Sign Applicant can select any one of the following three options while filling online PAN application “ Physical acknowledgement, Digital Signature Certificate (DSC) or Aadhaar based e-Sign...

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Posted Under: Income Tax | ,

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September 2020