SC : Depreciation claim mandatory while computing Sec. 80IA deduction, dismisses assessee's appeal

SC rules in favour of Revenue, dismisses assessee's appeal challenging Bombay HC Full bench decision in case of Plastiblends India Ltd

Oct 09,2017

SC: Approves Bhaumik Color ratio; Shareholder taxable for deemed dividend, not loan recipient

SC upholds Delhi HC ruling in Ankitech Pvt. Ltd. and Bombay HC ruling in Universal Medicare Pvt. Ltd., in a

Oct 06,2017

SC : Dismisses Revenue's appeal against HC order deleting capital gains addition pursuant to JDA

SC dismisses Revenue’s appeal against Punjab and Haryana HC ruling in a bunch of over 50 cases including Balbir Singh Maini (the

Oct 04,2017

Key takeaways from ICAI’s technical guide to ICDS

Key takeaways from ICAI’s technical guide to ICDS :-

Sep 25,2017

CBDT specifies procedure for filing Form 67 for claiming foreign tax credit

CBDT specifies procedure for furnishing statement of income in Form 67 for claiming foreign tax credit (‘FTC’); Last year, CBDT

Sep 25,2017

European Commission treads 'parallel' path on digital economy taxation; Seeks time-bound, meaningful progress

The European Commission (EU Commission) releases new EU agenda on digital economy taxation, expresses concern that 'patchwork unilateral measures' by

Sep 21,2017

CBDT: Proposes self-reporting mechanism for income estimates by companies & tax audit cases

CBDT proposes to insert new Rule 39A with a view to create a mechanism for self-reporting of estimates of current

Sep 19,2017

IT Department highlights new SARFAESI requirement to file attachment order with Central Registry

IT Department reminds IRS officers about changes in SARFAESI Act, 2002 (vide amendment in August, 2016), impacting the collection of taxes out

Sep 15,2017

MoU between MCA-CBDT for information exchange to curb shell company menace

Ministry of Corporate Affairs (‘MCA’) and Central Board of Direct Taxes (‘CBDT’) conclude a formal Memorandum of Understanding (‘MoU’) w.e.f.

Sep 14,2017

Brunei Darussalam signs the Multilateral Convention on Mutual Administrative Assistance in Tax Matters as 113rd jurisdiction

Brunei Darussalam signs the Multilateral Convention on Mutual Administrative Assistance in Tax Mattersas the 113rd jurisdiction to join the Convention ;

Sep 13,2017