As the issue of allowability of deduction u/s 37(1) of foreign tax credit on which tax credit is not available u/s 90 has been admitted by the Hon’ble Bombay High Court in the case of Tata Sons (supra), the same being a debatable issue, no revisionary proceedings u/s 263 is tenable.
Clarification is solicited with respect to the core intent of Section 92(3), in relation to ‘placing of copy of the annual return’. Herein, it is unclear as to whether the Annual Return to be placed is for the previous year or current year.
Presently, the Audit Report is required to be submitted by the Corporates to the Stock Exchanges with which the company is listed. However, with the Rule 9A being enforced and the said reporting mandate being extended to unlisted public companies, it is imperative that a standardised format is provided amongst stakeholders for the ease and assistance of both the corporates and professionals alike and to support the existing governance structure.
Highlights ♥ फॉर्म को बनाने में केंद्रीय बजट 2018-19 से जुड़ी घोषणाओं को ध्यान में रखा गया है ♥ 5 लाख रुपये से ज्यादा की एग्रीकल्चरल इनकम को अब अलग से बताना होगा ♥ ITR 1 फॉर्म में स्टैंडर्ड डिडक्शन की फील्ड अलग से जोड़ी गई है इनकम टैक्स रिटर्न भरने का समय नजदीक आ […]
In the context of formulating the proposals for the Union Budget of 2019-20, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may like to send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same.
This decision of Mumbai ITAT gives a new direction to the ‘make available’ clause to cover within its ambit the transfer of technical plan or design. In simple words, in order to determine taxability of transaction involving transfer of technical plan or design one needs to test such transaction under the ‘make available clause’.
PREAMBLE- Scheme for Incentive to Industries – Gujarat Industrial Policy -2015 The Gujarat government has declared on 25th July, 2016 the Scheme for Incentive to Industries under Gujarat Industrial Policy 2015 (Government resolution no. INC-102015-645918-1) (hereinafter referred as ITI-2016) to ensure sustained industrial growth through various innovative initiatives so as to further improve the conducive […]
Where assessee made interest free advances out of interest free own funds available with it, no disallowance of deduction under section 36(1)(iii) was called for.
Prior to launch of Turant Customs, the importer / authorised person / Customs broker was required to present to the proper officer the hard copy of Bill of Entry with examination order for registering the same at RMS Facilitation Centre or CFSs for examination and / or Out of Charge from SUP role.
Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2019 shall come into force on the date of their publication in the Official Gazette.
