Friday, 1 September 2017

Govt. waives late fee on failure to furnish July's GST Return by due date

Central Govt. waives late fee payable u/s 47 of CGST Act for all registered persons who failed to furnish return in FORM GSTR-3B for the month of July, 2017 by due date : Finance Ministry Notification  

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Interest on Foreign Currency Loan & Corresponding Forex Loss for Strategic Share Acquisition Held Deductible as Revenue Expenditure

  The tax treatment of interest on funds borrowed to acquire shares hinges on a single, crucial distinction: the   purpose   behind the acqu...