Day: June 19, 2018
26 articlesIncome Tax

Income Tax
Addition justified for huge gifts on failure to prove genuineness
Income Tax

Income Tax
Interest from Lending business is taxable as Business Income and write off of bad debt allowable U/s. 36(1)(vii) read with Section 36(2)
Income Tax

Income Tax
AO cannot make disallowance on ad hoc basis without pointing out any defect / error in submission of assessee
Fema / RBI
Fema / RBI
PAN Mandatory for all remittances under Liberalised Remittance Scheme
Income Tax

Income Tax
Expenditure incurred to earn exempt Income computed u/s 14A can’t be added while computing Book Profit: ITAT
Income Tax

Income Tax
Denial of application for approval u/s 80G justified as society spends more than 5% of Total Income on religious activities
Income Tax

Income Tax
AO cannot treat commodity losses as bogus merely because broker was expelled from commodity exchange
Income Tax
Income Tax
FMV of shares has to be determined on the basis of book values of underlying assets
Fema / RBI
Fema / RBI
RBI revises upwards housing loan limits under priority sector Lending
Income Tax

Income Tax
Law on dedutibility of TDS on commission paid by Indian entity to foreign agents
Corporate Law

Corporate Law
Decoding GDPR by CRIF Highmark
Service Tax

Service Tax
Discount extended by broadcasters cannot be included for charging service tax
Custom Duty

Custom Duty
Customs Rate of Exchange of Foreign Currency Conversion wef 20.06.2018
Goods and Services Tax

Goods and Services Tax
