In the world of thorough compartmentalization dictated by industrialized division of labour in which humanity find itself having lost the sense of purpose and identity, Gandhi showed a holistic way that leads us into experiencing life in its fullness.
It is may not be a big amount but definitely useful says Mukesh Kumar Verma, a teacher of government Primary school at Gonda in UP who received an SMS informing him that he had won Rs 1000 in the Lucky Grahak Yojana. Mukesh who is all for going digital says
India remains one of the fastest growing emerging market economies driven by key structural reforms, normal monsoon and reduced external vulnerabilities. The Q3 GDP estimates of 7 percent growth indicate that the key domestic risk of demonetization has not undermined the growth momentum and growth prospects for 2017-18 remain bright.
Whether the term literary work as mentioned in the definition of royalty in the treaty would include software or not? As per the provisions of section 2(o) of the Indian Copyright Act, 1957, the term literary work includes computer programs, tables and compilations including computer data base.
That on the facts and in the circumstances of the case, Ld. CIT(A) has erred in allowing assessees claim of interest subsidy as capital receipt and thereby deleting the addition of Rs.1,50,03,609/- without appreciating the fact that the amount is in the nature of revenue receipt .
All the funds available at that point of time of merger, available with the respondent / assessee were, in the course of the year, deployed in the business of the respondent / assessee. Thus, AO could not have disallowed discount on commercial paper and interest on Non-Convertible Debentures.
It is suggested that the restrictions proposed to be imposed on the interest benefits on overseas borrowings may be done away with entirely or at least deferred for 5-10 years to give India a chance to achieve high growth and achieve significant infrastructural development and maturity.
The Finance Bill, 2017 has introduced the concept of secondary adjustment on Transfer Pricing (TP) adjustments. A taxpayer is required to make a secondary adjustment, where the primary adjustment to transfer price has been made in the following situations
The Commission had notified the period of prohibition of conduct of Exit polls for on-going State legislative assembly elections of Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh vide Notification dated: 27th January, 2017. The period notified was from 7.00A.M on 04/02/2017 to 17.30 Hours (5.30 PM) on 8/3/2017.
Section 115JAA(2A) – Restriction on carry forward of MAT/AMT credit and claim of FTC in relation to taxes under dispute – Restriction to be removed
