With advent of GST, government will be able to track much more transactions due to invoice wise return, difficulty to bypass the credit chain and linking of income tax with indirect tax through PAN.
Royalty and fee for technical assistance are revenue in nature if upon license termination rights created in favour of assessee gets extinguished.
Life is tough for 35-year-old Sachin Shinde who moved from Solapur to Mumbai about five years back. Working as an executive assistant of a film director earns him just about enough to survive in a big city like Mumbai where his dream is to give his daughter a good education.
Thus, section 2(22)( e) of the Act covers only such situations, where the shareholder alone benefits from the loan. In the instant case the company benefits from the said transaction, it will take the character of a commercial transaction and hence will not qualify to be dividend.
Government approves renewal of the Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and the College of Banking and Financial Studies (CBFS), Oman
Reserve Bank of India today formally launched a mobile application (app) version of Reserve Bank of India’s website (www.rbi.org.in). The app is available on Android as well as iOS platforms and can be downloaded from the Play Store/App Store in one’s Android phone/iPhone, respectively, using the keyword Reserve Bank of India
vide Head Office letter no. Pension-l/lnstructions/Guidelines/2016/ 11900 dated 07.10.2016 it was directed that the request for change in date of birth must have approval of RPFC in charge of the Region.
All of us are back together once again after the recess during the Budget Session of the Parliament. There will be detailed discussion on the Budget and I am sure the level of debate and discussion will be of good quality. It will be focused on the issues pertaining to the welfare of the poor.
Take any project from the Mars Orbiter Mission to the simultaneous launch of 104 Satellites, the contribution of Indian women scientists in their success is being hailed and celebrated not only by India but also across the globe.
Accessible India Campaign (AIC) is the nationwide flagship campaign of the Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice and Empowerment.
