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CBIC clarifies Taxability of Loan providing by an Overseas Affiliate to its Indian Affiliate [Read Circular]
The Central Board of Indirect Taxes and Customs ( CBIC ) issued clarification regarding the taxability of the transaction of providing loan by an...
Addition of Unexplained Investment of Land is permissible in the absence of explanation by Cash Flow Statement: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition of unexplained investment of land is permissible in the absence of explanation by cash flow statement. ...
![Addition of Unexplained Investment of Land is permissible in the absence of explanation by Cash Flow Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Unexplained-Investment-of-Land-Cash-Flow-Statement-ITAT-taxscan.jpg "Addition of Unexplained Investment of Land is permissible in the absence of explanation by Cash Flow Statement: ITAT [Read Order]")
No Need to report on Net Profit/(loss) after Tax and Cash Flows of branches If Such Details are not contained in Financial Statements: ICAI issues Advisory
The Institute of Chartered Accountants of India ( ICAI ) has issued Advisory on Exhibit B3 of SEBI’s Circular dated 29th March 2019 regarding Procedure and formats for limited review/audit report of...
