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Archive: 04 November 2023

Posts in 04 November 2023

Section 40(a)(ia) Inapplicable to TDS Non-Deduction on Pre-AY 2015-16 Salary

November 4, 2023 624 Views 0 comment Print

ITAT Delhi’s decision in the case of Sumaitri Bima Distributors Pvt. Ltd vs. ITO regarding non-applicability of S.40(a)(ia) for TDS on salary before AY 2015-16.

Unproved/non-genuine purchases – ITAT reduces addition from 12.5% to 6%

November 4, 2023 594 Views 0 comment Print

Read the full text of the ITAT Mumbai order in Kailash Judhistir Sahu vs. CIT, where the addition from 12.5% to 6% for inability to produce parties of bogus purchases is restricted.

Insecurity of Secured Creditors and Rainbow Impact on IBC Regime

November 4, 2023 4749 Views 0 comment Print

Explore the impact of the Rainbow Papers case on secured creditors’ priority in the Insolvency and Bankruptcy Code (IBC) and the future of India’s insolvency regime

Incorporating a company in Hong Kong & China by a holding company in another jurisdiction

November 4, 2023 387 Views 0 comment Print

Learn how to incorporate a company in Hong Kong & China, including essential steps, legal requirements, and key documents needed for a successful setup.

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