Dear Clients, New TDS provision is applicable as under For entities having turnover > 10 crores below-mention steps to comply Step1. Cross-check with customers to whom sales are> 50 lacs about their TDS obligation TDS is first to be deducted by a buyer who is having turnover > 10 crores, and who purchases from us annually…
SILENT FEATURES OF THE SCHEME FAQ is silent on the coverage of genuine delay in filing of the appeal, which is pending for condonation of whether it should be covered considering the objective of the scheme. FAQ is silent on the coverage of miscellaneous applications filed against the order of tribunal. What still remains out…
As highlighted in Budget 2020, it proposes to allow deductions of interest expenses to the extent of 20% of dividend income. The author in this article is focusing on the significant aspect which is whether 20% deduction is on net taxable dividend (after deduction u/s 80M) or on gross dividend income. Proposal for sec…
Provision of sec. 43CA not applicable if builder entered into agreement to sell under-construction flats – Shree Laxmi Estate (P.) Ltd. [2019] 108 taxmann.com 195 (Mumbai – Trib.)
Delay in the filing of audit reports by trusts or institutions have been condonated by The Central Board of Direct Taxes
As we got good response to our Newsletter For July 2017 we continue to present our current newsletter in the same format keeping in mind readers interest.Hope this change will be helpful; your feedback is important to us.
Sec 25(8)(b)- Sachin Infra Management Ltd. Vs. Regional Director [2017] 83 taxmann.com 176 (Gujarat HC ) The respondent Regional Director revoked petitioner’s license under section 8 without giving the opportunity of being heard on the ground that its office had received various complaints stating that the petitioner company had not been carrying out its business…