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Prime Minister holds Comprehensive Meeting to discuss strategies on Boosting Investment in India

PM Shri Narendra Modi today held a comprehensive meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the...

Meeting - Investment - strategies - Taxscan
Taxscan Team

Accountancy must leave Spreadsheet Comfort Zone’: ACCA report reveals Challenges and Opportunities for Digital Accountants [Read Report]

The Digital Accountant, produced by the Association of Chartered Certified Accountants ( ACCA ), surveyed more than 4,200 accountants globally. The report explores the digital challenges accountants...

ACCA - Digital Accountants - Taxscan
Taxscan Team

Husband Eligible for Capital Gain Exemption on Investment of Capital Gain in the name of Wife: ITAT [Read Order]

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the husband shall be eligible for a capital gain exemption if he invests the entire long term capital gain...

Husband Eligible for Capital Gain Exemption on Investment of Capital Gain in the name of Wife: ITAT [Read Order]
Taxscan Team

ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order]

The Income Tax Appellate Tribunal (ITAT) of Ahmedabad held that General Deduction allowable on Legal and Professional Fees incurred for the improvement of day to day working of Company. During the...

ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order]
Taxscan Team

Dominican Republic announces VAT Exemption for Services Provided by Investment Funds Administrators

The applicable tax regime for investment funds and its administrators is amended with the issue of General Rule No. 02-2020. The provisions under the rule are as follows: Services provided by...

Investment Funds - VAT -Taxscan
Taxscan Team

Capital Gain Deduction allowable for House purchased Outside India: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) of Bangalore has allowed a claim of deduction under section 54/54F of the Income Tax Act on a house purchased by the assessee outside India. The Assessee Shri...

Capital Gain Deduction allowable for House purchased Outside India: ITAT [Read Order]
Taxscan Team

Investment can’t be Written Off as Bad Debt If a Project fails to Take Off: ITAT [Read Order]

In a major setback to the Aditya Birla Power Company Limited, the Mumbai bench of Income Tax Appellate Tribunal (ITAT ) held that investment in the project which fails to take off cannot be written...

Investment can’t be Written Off as Bad Debt If a Project fails to Take Off: ITAT [Read Order]
Taxscan Team

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