UDIN BEING MADE MANDATORY IN 2nd PHASE FOR GST & TAX AUDIT REPORTS You may be aware that Unique Document Identification Number (UDIN) has been made mandatory as per the […]
TAX PLANNING BY CONVERSION OF FIRM INTO A COMPANY
NECESSITY : Sometimes, in view of the expansion of the business, multiple increase in turnover and need for getting finances from the financial institutions or through public, it may […]
Budget 2008 – focusing Electronic & Electrical Goods industry
Budget 2008 – focusing Electronic & Electrical Goods industry Click here to download Power Point Presentation
Budget suggestion: Reverse charge method for tax on rent if the levy persist.
Relevant links/ references: Home Solutions Retail India Ltd. v Union of India & Others 2009- TMI -33136 (Delhi High Court) SSIPL Retail Ltd. v. Union of India (Writ Petition (Civil) […]
No cess on imported goods
In the budget 2012-13 the assessment practice of imported goods in respect of E.Cess and S.H.E. Cess was clarified and it was expained that there would be only one cess […]
Deloitte Haskins – Firm Exceeding 20 Partners or Not
Learning from M/s Deloitte Haskins & Sells V/s. Deputy Commissioner of Income Tax (ITAT Delhi) – AO to decide whether number of partners exceeded 20 rendering firm as illegal Association […]
NFRA invites comments from regulated entities on the Draft Procedure for Submission of Audit Files to NFRA(622 KB)
NFRA invites comments from regulated entities on the Draft Procedure for Submission of Audit Files to NFRA(622 KB) Source link – Know More
Draft Rules on computation of income attributable to indirect transfer of assets released
SECTION 9 OF THE INCOME-TAX ACT, 1961 – INCOME DEEMED TO ACCRUE OR ARISE IN INDIA – MANNER OF DETERMINATION OF FAIR MARKET VALUE AND REPORTING REQUIREMENT FOR INDIAN […]
Method of determination of Cenvat Credit attributable to manufacturing of exempted goods and provision of exempted services – Rule 6(3A) of Cenvat Credit Rules 2004
Rule 6 of Cenvat Credit rules, 2004 has been amended to withdraw the facility of utilization of cenvat credit upto 20% of output service tax in case taxable and exempted services […]
COMPANY LAW BOARD CAN GIVE ONLY EQUITABLE RELIEF
The Company Law Board (‘CLB’ for short) is given power under Sec. 402 of the Companies Act, 1956 (‘Act’ for short) on the applications filed under Sec. 397 and […]