Explore the tax implications of winnings from online gaming platforms like Dream11 in India. Learn about the classification of income, taxation rates, TDS deductions, reporting requirements, and compliance measures. Ensure accurate filing to avoid penalties.
High Court of Calcutta has made a significant pronouncement on the practice of banking and financial institutions unilaterally appointing arbitrators. The court has deprecated this practice and refused to enforce an award that was passed by a unilaterally appointed arbitrator.
Uncover who is obligated to file an Income Tax Return (ITR) in India. Explore criteria based on income, age, and sources of income. Whether you’re an individual, NRI, business owner, or involved in high-value transactions, understanding ITR requirements is crucial.
Understand the three types of payments to directors by a company and their GST impact. Learn about mandatory GST registration, Reverse Charge Mechanism (RCM) notification, and recent clarifications on remuneration to directors. Stay informed to navigate GST implications effectively.
Explore the eligibility and legal provisions for a Practicing Company Secretary to act as a Trademark Agent. Understand the qualifications required and recent discussions regarding this matter. Stay informed about the authority’s stance and relevant resolutions.
DC is of the view that Mr. Mahesh Venkataraman failed in taking proper custody and control of the assets of CD-1 due to which breach of moratorium was done by management of suspended board by operating account with ICICI Bank, and with respect to CD-2, Mr. Venkataraman failed to maintain complete transparency in sharing profile of the professional engaged by him, with CoC.
Ravindra K Reshamwala Vs DCIT (ITAT Mumbai) ITAT Mumbai held in favour of assessee with a reason that on the date of giving donation, the registration of the institute was valid u/s 35(1)(ii) granting approval. So deduction for donation can not be disallowed. FULL TEXT OF THE ORDER OF ITAT MUMBAI This appeal filed by […]
ITAT Mumbai held that re-assessment under section 147 of the Income Tax Act not sustainable as assessee duly provided full and true material facts necessary for the assessment.
ITAT Mumbai held that the assessment made u/s 153C of the Income Tax Act beyond the six assessment year is without jurisdiction and liable to be quashed.
ITAT Mumbai held that TDS not deductible by Uber India in respect of payment made to driver partners on behalf of Uber BV for the transportation services.
