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/

Share sale by Passive Shareholder taxable as Long-Term Capital Gains and not Business Income irrespective of non-compete clause in the SPA

As per Income Tax Laws, any sum received or receivable in cash or kind under an agreement for not carrying business or profession is treat...

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...
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...
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...
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...
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...
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...
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...
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...
Transfer Pricing

Key Notes: Transfer pricing relates to the pricing of transactions (such as transfer of goods, services, intangibles and funds) that t...
Getting PAN Card in India by Foreign Nationals or Non Resident Indian

If you are an NRI or foreign national and you have a taxable income in India then buck up and get a PAN card. Getting PAN Card in India by...