As you may be aware that at the time of filing TDS statements, it is mandatory to quote the challan particulars through which TDS payments have been made. The TDS forms prescribe quoting of such challans and the underlying deductee transactions corresponding to such challans.
Legal fees is deemed to accrue or arise in India, whether or not non-resident has place of business in india or has rendered services in India.
CS Dr Vedula Gopinath, Advocate/Arbitrator Few people assume that management and corporate governance are synonymous but, both are distinctive and different wings of corporate body. In this article writer wishes to differentiate both the wings. In short, management is not merely the task of managing the business, it is an essential accompaniment of all social […]
Certain concerns have been raised by ICAI members as to whether it is permissible to advertise the services rendered by them, while also mentioning that Professional Fees with regard to individuals engaged in Community service would be charged lesser than what is usually charged by them/ free of charge basis.
Rates of Gold and Silver for Wealth Tax valuation Purpose – Valuation of Jewellery- Jewelry Includes: Ornaments made of gold, silver, platinum or any other precious metal or any alloy containing one or more of such precious metals, whether or not containing any precious or semi-precious stones, and whether or not worked or sewn into any wearing apparel.
Many times we observed in property transaction that buyer enter into the transaction paid advance money against the consideration and then after some time if something went wrong he cancelled the transaction. In such cases, generally seller of that property forfeit the advance money received by buyer. So if such situation occur how tax will be levied on such advance money forfeited by seller? Hence today I am covering this topic to enlighten you all regarding taxability of advance money forfeited by seller.
There is always a doubt and confusion in the industry among professionals as well as tax payers regarding availment of exemption under section 54 and 54F against capital gains. Whether investment is allowed to be made only in one residential property or more than one residential property can be allowed? Therefore, today I am covering […]
The issue under consideration is whether land sold by assessee engaged in property development taxable as capital gains or business income?
Broad guidelines to conduct such virtual hearing are being provided so that ongoing Customs work of appeals and adjudications are completed expeditiously for quick delivery of justice – through quasi-judicial proceedings and in compliance of overall directions given by Hon’ble Supreme Court under Article 142 of the Constitution of India (refer Suo moto Writ (Civil) No. 5/2020).
Exclusion of comparables from the list of comparables on basis of turnover, functional difference for determination of Arms Length Price was valid.
