TAX BY MANISH: April 2016

Wednesday, 6 April 2016

Online Correction facility for TDS statements filed in form 26QB

Please click the link below to read the complete article.

https://taxofindia.wordpress.com/2016/04/06/online-correction-facility-for-tds-statements-filed-in-form-26qb/

Friday, 1 April 2016

Income tax return of AY 2016-17.

Please click the link below.

https://taxofindia.wordpress.com/2016/04/01/cbdt-notified-new-income-tax-return-forms-for-a-y-2016-17/

Navigating Section 79: How Continuity of Beneficial Ownership Preserves Loss Carry-Forward

A recent ruling by the Income Tax Appellate Tribunal (ITAT) in ACIT vs. Lurgi India International Services Pvt. Ltd. provides crucial ...

ADR’S and GDR’S - Taxation of Non Residents

Introduction: ADR’S, GDR’S: These are commonly known as Depository Receipts (‘DR’), a negotiable security issued outside India by a deposi...
GAAR Panel applies anti-avoidance provisions to NCLT approved demerger

The Approving Panel under General Anti-Avoidance Rules (GAAR), in a landmark direction, has characterized the demerger of Digital, Media a...
What we do for Error 'Invalid details' in Step–2 of Registration of PAN?

Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
TDS CPC – (Centralized Processing Cell) – New website launch

A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
Taxation of Stridhan.

In the case of "Maya Gopinathan vs Anoop SB 2024 INSC 334," the Hon'ble Supreme Court provided insightful guidance on the de...
Eligibility for GST Input Tax Credit (ITC) related to expenses on IPO/Bonus/Right Issues:

An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
Singapore entity not conduit as satisfies PPT / LOB conditions : Grants LTCG exemption under treaty

The Hon’ble Income-tax Appellate Tribunal, Mumbai Bench (‘Tribunal’) recently held that long-term capital gains (LTCG) arising to Fullerto...
Deduction for Gratuity Contributions to LIC Without a Trust: Legal Analysis under Sections 36(1)(v), 40A(7), and 43B of the Income-tax Act, 1961

Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
International Tax: India's Share Buyback - Dividend or Capital Gain?

A recent discussion with a colleague highlighted a key international tax dilemma: when an Indian company buys back shares from a non-residen...
Clean scrutiny order u/s 143(3) by Assessing Officer to override Tax Adjustment from intimation order u/s 143(1) by CPC

In Standard Castings Private Limited v. ITO , the Hon’ble ITAT Delhi allowed the assessee’s appeal and set aside a demand that had continu...