TAX BY MANISH: February 2016

Monday, 1 February 2016

10 Tax Benefits available to Small-Scale Industries in India

To Read the article, please click on the link below.

https://taxofindia.wordpress.com/2016/02/01/10-tax-benefits-available-to-small-scale-industries-in-india/

Subscribe to: Posts (Atom)

INDIA TAX DUE DATE NOVEMBER 2026

S No Due Date Related to Compliance to be made 1 11.11.2026 GSTR –...

UNDERSTANDING TAX ON SLUMP SALE WITH LATEST CASE LAWS

Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
Consideration for services of seconded employees is liable for deduction of tax at source in view of existence of a service PE

Facts  Centrica India Offshore Private Limited (CIO), an Indian Company, is a wholly owned subsidiary of Centrica Plc, UK  Centrica Plc a...
S. 50B: “Slump Sale” Need Not Be A “Sale”. All Slump Transfers Are Covered

SREI Infrastructure Finance Ltd vs. ITSC (Delhi High Court) The assessee entered into a scheme of arrangement u/s 391-394 of the Compani...
Domestic Broadband charges & Lease Line charges now covered under TDS

01. TDS u/s 194J is required to be done for Royalty also w.e.f 13-7-2006. 02. Royalty had been defined under explanation 2 of se...
General Provisions of Tax Audit U/s. 44AB

The Tax Audit season has started and it’s the time when the Assessees rush to their Chartered Accountants (CA) to get their Tax Audit d...
Section 40(a)(ia) applies only to the amounts “payable” as on balance sheet date and not to the amounts already “paid” during the year.

Facts  The taxpayer, a partnership firm, derived income from the business of handling and transport of ship containers, customs clearing a...
S. 50C does not apply to land & building held as ‘stock-in-trade’

CIT vs. Kan Construction And Colonizers (P) Ltd (Allahabad High Court) The assessee sold a plot of land for Rs. 79 lakhs. The AO held th...
9 Things Every Non Resident Must Know About PAN Application ?

E very non-resident individual or organisation should obtain a Permanent Account Number (PAN) number if they receive an income and...
S. 40(a)(ia): Special Bench verdict cannot be followed in view of High Court verdict

M/s. Alpha Projects Society P. Ltd vs. DCIT (ITAT Ahmedabad) In AY 2005-06, the assessee made payments to contractors & for professi...
Limited Liability Partnership – LLP Overview

1. Concept of “limited liability partnership” LLP is an alternative corporate business form that gives the benefits of limited liability ...