It is proposed that application out of corpus or a loan before April 1, 2021 shall not to be allowed as application for charitable or religious purposes even when such amount is put back into corpus or the loan is repaid. This is in order to avoid double tax deduction.
Hear all you need to know about Employees Stock Option Scheme for private companies, with procedure & details as per section 2 (37) of the Companies Act, 2013.
The difficulty in transacting RPTs where shareholder’s approval is required as represented by HVDLEs is that the shareholding in HVDLEs is concentrated i.e. the shares are wholly/substantially held by one or few shareholders who are related parties.
Section 115BAC was introduced in Finance act 2020 as New Tax Regime whereby new tax rates were introduced for Individuals and HUF as an option to existing tax rates applicable.
MahaRERA registered real estate agent shall upload on their respective web page half-yearly progress report in Format as prescribed in Form 6
ITAT Mumbai held that as there doesn’t exist any formal/ informal agreement between the assessee and AE to share/ reimburse AMP (Advertising Marketing and Promotion) expenses incurred by the assessee in India. The same cannot be held liable as an international transaction.
ITAT Delhi held that it is fact that depreciation on software/ machinery was claimed and duly allowed in F.Y. 2012-2013. However, due to uncertainty of business revenue could not be generated by using the software in F.Y. 2013-14. Accordingly, depreciation cannot be disallowed alleging non-generation of revenue.
Understand FAQs on MCA V3 working process w/questions & answers. Find out if email ID changes are allowed and learn how to Reg DSC’s on V3 platform
Until now, relabellers needed physical NOC from manufacturers to apply. FSSAI has enabled online NOC requests. Know about the process here!
HC held that taxing authorities cannot stop any assessee from claiming its statutory right of appeal, in the garb of technicality and cannot deny to entertain the appeal filed offline on technical grounds, due to mistake of department or technical glitch in software when an appeal of assessee is not reflected on the portal.
