Calcutta High Court held In the case of CESC Ltd. vs. CIT that Section 43B of the Income Tax Act is attracted to a case where payment is to be made to the State Government in the capacity of the State as a sovereign and not to a case where payment is to be made to the State Government in its capacity
Calcutta High Court held In the case of Hutchison Telecom East Ltd. vs. CIT that the discount allowed to the distributors in respect of starter packs and recharge coupons for its prepaid services will be covered under commission or brokerage, liable to TDS u/s 194H.
Trust yourself more than anyone else. Even when taking advice from elders, parents, friends, relatives, associates, acquaintances, colleagues, well-wishers, teachers, mentors, gurus, advisers, guides, tutors, bosses, supervisors, seniors, consultant, advice-giver, counselor, etc take with caution. You must have noticed there is a long list of people who give their advice to you.
Nirmit Mehta 1. Introduction to FATCA The United States Federal Government enacted FATCA in 2010, requiring US persons to annually report themselves and their foreign financial accounts to the US Treasury. It further requires all Foreign Financial Institutions (FFIs) to provide US treasury with the information regarding assets and identities of USA persons held by […]
Hard work is the essence of the whole universe. There are many routes to a place, but success has only one route. i.e. Hard work which is the shortcut also. Hard work has no substitute either. It gives pleasure, satisfaction, and experience to anybody.
The Ministry of Corporate Affairs vide its notification dated August 28, 2015 amended the provisions of the Companies (Management and Administration) Rules, 2014 and brought out e-form MGT-7 for filing of Annual Return. Also MCA has vide notification dated September 4, 2015 brought Companies (Accounts) Second Amendment Rules, 2015 wherein Form AOC-4; Form AOC-4 CFS (consolidated financial statement) and AOC 4 (XBRL) made available for filing.
Joint Ventures/Wholly Owned Subsidiaries abroad promote economic co-operation between India and the host countries. They result in transfer of technology and skills, sharing the results of Research & Development, access to the global market, promotion of the brand image, generation of employment and utilization raw materials available in India and the host country,
With Excel 2010, Microsoft has introduced a cool feature called the Microsoft BI – Business Intelligence tools. One of the tools, PowerView, enables you make some amazing dashboard within a few minutes!
ITAT Hyderabad held In the case of M/s. KNR Constructions Ltd. vs. DCIT that no such adverse inference however was drawn by the A.O. in the case of the concerned two sub-contractors and in the assessments completed under section 143(3) in their cases
Notification No. 50/2015-Customs Seeks to reduce the export duty on export of Iron Ore by MMTC Limited (only NMDC origin) to Japan and South Korea under the Long Term Agreement (LTA), from 30% to 10%, upto and inclusive of 31.03.2018.
