The assessee admittedly duly recorded and disclosed the investment in foreign entity in its audited balance-sheet and also furnished such…
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Insights
Supreme Court ruling on Automatic enforcement of Most Favoured Nation (MFN) Clause in Indian Tax Treaties.
The Hon’ble Supreme Court has made a ruling on availing benefits under MFN clause of India’s income tax treaties only…
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Macro Economic Factors- November 2023
The macro-economic Indicators for the month gave mixed signals with strong domestic demand during the festive season, while the ongoing…
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Maintenance of Shares in Demat Form
The Government has mandated private companies to convert and maintain its securities to dematerialised form before September 30, 2024. Download…
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Macro Economic Factors- October 2023
The Macro-Economic indicators for the month signal at strong growth in India’s economic activities. World economies are on high alert…
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GST 52nd GST Council Meeting recommendation on Corporate Guarantee.
Clarification on GST on Corporate Guarantee. Download PDF:-
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CBDT notification for e-form 13 for application of Lower Deduction Certificate for TDS.
CBDT has notified procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its…
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Macro Economic Factors- September 2023
The Macro-Economic indicators for the month signal a blurry picture in India’s growth activities. While credit growth and services PMI…
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New e-Form 71 for TDS Credit
The CBDT has notified the *Form No 71* to e- file rectification u/s 155(20) to allow TDS in cases were…
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Amendment in Rule 3 for Determination of value of Perquisite.
Finance Act, 2023 brought in an amendment for the purposes of calculation of “perquisite” with regard to the value of…
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Introduction of Condonation of Delay Scheme, 2023 for LLPs
The Government has decided to grant one-time relaxation in additional fees to those LLPs who could not file Form-3, Form-4…
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Macro Economic Factors- August 2023
The Macro-Economic indicators for the month signal good progress in sustaining India’s growth momentum majorly due to domestic demand. While…
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New Rule 6ABBB in Income Tax Rules,1962.
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GST Notification issued following the 50th GST Council Meeting
GST Notification issued after 50th GST Council Meeting recommendation. Download PDF:-
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Macro Economic Factors-June 2023
The Macro-Economic indicators for June 2023 signal strong growth despite the global growth engine losing steam. CPI rose to 3…
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Extension of due date up to July 31, 2023 for filing DPT 3
MCA has vide circular no. 06/2023 dated June 21, 2023, extended the due date for filing DPT 3 up to…
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Macro Economic Factors- June 2023
Despite weak global economic conditions, Indian economy remained one of the fastest growing economies in the world with GDP growing…
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CBDT proposes changes to Rule 11UA in respect of Angel Tax.
In the Finance Act, 2023, an amendment has been introduced to bring the consideration received from non-residents for the issue…
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