OECD/G20 Inclusive Framework (IF) on BEPS released technical guidance to assist governments with implementation of the GMT, which will ensure Multi-National Entities (MNEs) will be subject to a 15% effective minimum tax rate.
Dealers of metals/stones must streamline inventory valuation & records to avoid implications under undisclosed income scheme. Learn about recent tax amendments.
Ensure proper service of notices by AO on correct E-Mail Ids as per Rule 127. Assessees must not evade notices. Stay compliant to avoid jurisdictional errors.
Section 92C(1) of Act, contemplates that arms length price in relation to an international transaction shall be determined by comparable uncontrolled price method; resale price method; cost plus method; profit split method; transactional net margin method or such other method as may be prescribed by Board.
Explore the landmark ITAT Chennai 2016 ruling on CWIP expense write-off in Faurecia Emissions vs. DCIT, highlighting evolving legal perspectives on capital vs. revenue expenditure in business.
Courts may relax laches for delays based on professional advice, ensuring justice prevails over technicalities. A nuanced approach to rights and remedies.
Battle on Freebies to doctors before AY 2010-11 To reopen assessment, the reasons recorded must be clear & unambiguous. How Read this blog post for The Bombay High Court ruling.
Its tax season — get up to speed with Webinar on Changes in ITR For AY 23-24, Burning Issues in Income Tax, International Tax, & Interplay of Decisions in GST
Understand the intricacies of CSR expenditure deduction under Section 80G. Explore recent clarifications and legal standpoints for a comprehensive view.
The intention behind introduction of provisions of section 40A(3) of the Act was two- fold – 1. Firstly, putting a check on trading transactions with a mind to evade the liability to tax on income earned out of such transaction and 2. Secondly, to inculcate the banking habits amongst the business community. The provision was […]
