Discover the differences between a CA and CS course and their qualifications & training. What is the scope of work of a CA, and what does a CS offer? Learn more about these two professions.
Bombay High Court held that revenue failed to establish that the area of residential units was more than 1000 sq. ft. accordingly deduction under section 80IB(10) of the Income Tax Act duly available.
ITAT Mumbai held that London Inter-Bank Offered Rate (LIBOR) cannot always be the rate at which intra-bank transactions must take place.
ITAT Chandigarh held that the amount of monthly assured return received till the time of possession of units is in nature of interest is taxable @15% under Article 12 of India-UK DTAA
Delhi High Court held that Explanation 2 was inserted in Section 37 via Finance (No.2) Act, 2004 and is effective from 01.04.2015 [from Assessment Year 2015-2016 onwards] Accordingly expenditure incurred towards Corporate Social Responsibility is allowable as deduction u/s 37 of the Income Tax Act.
CESTAT Chennai held that penalty of only 25% and not 100% leviable as duty along with interest and 25% penalty is paid within 30 days from the receipt of Order-in-Original.
ITAT Bangalore held that from clause (5) of Guidance Note issued by ICAI that the cost of construction and also saleable project area needs to be taken into account while recognizing revenue under the Percentage Completion Method.
Learn about Section 194Q & Section 206C (1H) of the Income Tax act, 1961, and how they form TDS on payments for purchase of goods. 0.1% TDS rates for businesses with turnover above 10 crores explained.
Digital forensics is the process of collecting, analyzing and reporting on digital data in order to find evidence for use in a legal case. It can be used to investigate crimes such as child pornography, terrorist activities or online financial scams.
Established in 2020 to help funds reach NPOs, Social Stock Exchange provides an innovative platform for Non-profit and For-profit entities. Learn more!
