CESTAT Bangalore held that amount taxed in the hands of partner u/s 28(v) needs to be allowed in the hands of the firm u/s 40(b) of the Income Tax Act.
Understand EBITDA (Earnings Before Interest, Taxes, Depreciation, and Ammortization) – a crucial metric for assessing operating profit. Learn the formula, usage in comparison, and how to calculate EBITDA Margin. Dive into an example to grasp its practical application and importance for evaluating business performance.
Uncover the taxing truth of investing in US stocks from India. Navigate the complexities of Indian and US tax systems, understand implications on dividends and capital gains, and learn to minimize tax liabilities. CA Mridul Gupta, a practicing Chartered Accountant, breaks down the intricacies to guide investors through informed decision-making. Brace yourself for the taxing reality of investing in the colossal US stock market from the comfort of your home in India.
Rajiv Singhal Vs Godrej Projects Development Ltd. & Anr (NCDRC Delhi) Buying a property is often the biggest investment that most people make in their lives. It is an exciting time filled with the promise of a better future but also a time fraught with danger. Unfortunately, for many buyers, buying a property is not […]
Navigate the financial landscape of your 20s with effective planning. Learn why prioritizing financial stability, early investments, and smart debt choices can set the stage for a secure future. Tips and insights from CA Mridul Gupta, a practicing Chartered Accountant, guide millennials through budgeting, emergency funds, insurance, and investment strategies. Secure your financial future now.
Navigate the intricacies of Section 247 of the Companies Act, 2013 governing registered valuers. Learn about their appointment, duties, and the importance of compliance for transparent and credible asset valuation.
Assessee filed ROI claiming relief u/s 90 but did not file Form No.67. Form was subsequently filed beyond the due date as per under Rule. CPC did not give credit for foreign tax.
Karnataka High Court in cancellation of GST registration held that sufficient time needs to be given for furnishing the documents, accordingly, order quashed with a direction to restore the proceedings for reconsideration by the department.
CESTAT Chennai held that no documents are placed on record establishing that services are rendered in India, accordingly, service tax liability under management, maintenance or repair service unsustainable.
Bombay High Court dismissed PIL in absence of any absolute evidence or live link between the alleged malpractices in the B.M.C and private respondents.
