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Income Tax Dept sends Notices to Multinational Companies

In order to compensate the revenue leakage in the direct taxes, the income tax department has issued prosecution notices to the directors of several...

Interest to Partners by Firm as per Partnership Deed can’t be disallowed: ITAT [Read Order]

Reduction in GST on Haj Pilgrimage will Ensure Significant decrease in Air Fare: Union Minority...

Finance Ministry constitutes GoM on issues relating to Lottery

GST: E-Way Bill Threshold Limit reduced to One Lakh in Bihar [Read Notification]

CA Exam May 2019: ICAI clarifies Rumors

The Institute of Chartered Accountants of India (ICAI) has clarified the rumors regarding the CA exam scheduled in May 2019. An ICAI announcement today said that “It has been brought to our notice...

No ‘ Angel Tax ’ for Start-Up Investors: Govt. [Read Notification]

The Commerce Ministry likely to exempt Angel Tax for Start-up investors, according to sources. The Exemption limit being raised to Rs. 50 lakh from Rs. 25 lakh for returns on the Income a year before...

School Management Committees asked to register with GST

The Maharashtra Prathamik Shikshan Parishad has issued a directive asking the school management committees to register under the Goods and Services Tax ( GST ), Times of India reported. As per the...

Breaking: Delhi High Court asks HUL to deposit 90 Crores as per NAA Order

A division bench of the Delhi High Court has today stayed the demand against the Hindustan Unilever Ltd (HUL) after the National Anti-profiteering Authority (NAA) passed an order against the Company...

ICAI to Organize Convocation 2019 on 1st February

The Institute of Chartered Accountants of India ( ICAI ) is arranging Convocation 2019 on 1st February 2019 (Friday) at Mumbai, Ahmadabad, Pune, Chennai, Hyderabad, Kolkata, Jaipur, Kanpur, and Delhi...

Govt. constitutes 7-Member Group of Ministers for boosting the Real Estate Sector under GST

In pursuance of decision in the 32nd Meeting of GST Council held on 10th January, 2019 at New Delhi, a Group of Ministers (GoM) for boosting the Real Estate Sector under the GST regime has been...

Routine Support Services can’t be treated as FTS under Indo-US Treaty: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the services in the nature routine support services cannot be treated as Fee for Technical Services under the Indo-US Tax...

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