Income Tax : ITAT Mumbai resolves the controversy on surcharge for trusts/AOPs taxed at MMR. Learn about the decision favoring slab-based rates...
Income Tax : Understand tax audit requirements under Section 44AB for AY 2024-25. Detailed analysis for businesses and professionals, including...
Corporate Law : Explore the Prevention of Money Laundering Act (PMLA) in India, ED powers, and significant Supreme Court rulings impacting anti-mo...
Corporate Law : Understand the Hindu Succession Act's rules of inheritance for coparcenary property, including amendments for daughters' rights. L...
Corporate Law : Explore the new manufacturing norms (NMN) in India aimed at boosting SME growth. Learn about eligibility criteria, investment thre...
Income Tax : Synopsis of the Representation by ‘Bhayandar CA Social Group’ made for extension of due dates – To the Finance M...
CA, CS, CMA : Vasai Branch of WIRC of ICAI is hosting Members Regional Convention on International Taxation-2012 to share knowledge of Basic P...
Income Tax : Explore ITAT Mumbai's order on sundry creditors from bogus purchases. Learn about tax implications, sections 68 and 41(1), and the...
Income Tax : All Gujarat Federation of Tax Consultants Vs Union of India (Gujarat High Court) High Court held that respondent No.1 – Union of...
Income Tax : ACIT Vs M/s. Rational Handloom Co. Pvt. Ltd. (ITAT Mumbai) MAT on depreciation on write back of excess depreciation provided in ea...
Income Tax : Armoury International Vs ACIT (ITAT Mumbai) In this case, the assessee was observed to have made bogus purchases as per informatio...
Income Tax : ITAT Mumbai held In the case of Jayantilal Vaishnav HUF vs. JCIT that the reasonable cause u/s 273B need to be seen from the conte...
In India the contribution of service sector to the GDP is about 55% and is a major driver of economic growth. However it was very difficult to define export of services and therefore many multinationals were wary of exploring opportunities for cross-border trade with India. Unlike goods which are defined to be exports when they physically cross the Indian territory it was very complex to define the export of services given that they were mostly intangible assets with no direction of movement or unique or definable place of their consumption or use. This left the question of defining the export of services.
