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Relocation expenses in respect of Salary paid to employees who traveled abroad for business of American Express needs to be verified, says ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed the matter back to the AO for its examination and said that the relocation expenses in...

SEBI notifies on Procedural Guidelines for Proxy Advisors

SEBI notifies Amendment on IFSC Guidelines, 2015

SEBI - Mutual Funds - Trustees - Taxscan

SEBI notifies Resources for Trustees of Mutual Funds

SEBI - Grievance Resolution - Proxy Advisers - Taxscan

SEBI notifies on Grievance Resolution between Listed Entities and Proxy Advisers

UK likely to implement New Tax for Online Sales

The UK Government is looking at possible taxes that could replace or supplement the regime, including a new tax on online sales alongside a review into the reform of the business rates system...

UAE clarifies Zero-rating of Export Services [Read Clarification]

The UAE Federal Tax Authority (FTA) has published VAT Public Clarification, clarifying the rules surrounding the zero-rating of exported services. For a “zero-rated service,” the government does...

UAE Zero-rating - Export Services- International Taxation - UAE - Taxscan

Madras HC reaffirms Amendment relaxing the Disallowance under section 40(a)(ia) is Retrospective & Curative in nature

In the light of the Supreme Court’s decision, the Madras High Court reaffirmed that amendment relaxing the disallowance under Section 40(a)(ia) of the Income Tax Act is retrospective and curative in...

CBIC notifies revised Procedure for Import of Pets and Live Animals [Read Circular]

The Central Board of Indirect Taxes (CBIC) on Monday notified the revised procedure for the Import of Pets and Live Animals. The Ministry of Fisheries, Animal Husbandry & Dairying, Department...

Transfer of Land to Holding Company exempted from Capital Gain Tax: Madras HC [Read Judgment]

The Madras High Court held that the assessee is entitled to exemption under Section 47(v) of Income Tax Act with respect to the transfer of land to its holding company. The assessee, M/s.Shardlow...

CESTAT extends the facility of E-hearing to Appeals

The Customs, Excise and Service Taxes Appellate Tribunal (CESTAT) on Monday extended the facility of e-hearing to appeals. The Tribunal received various representations from the Bar Associations...

Turkey temporarily reduces VAT Rates

Turkey has temporarily reduced Value Added Tax (VAT) rates at numerous sectors through a presidential decree on its official gazette, on 31st July 2020. Turkey has taken this reduction measures in...

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