- Some Major Changes through the GST Amendment Acts
- GST Audit: A Reality Check or Still a dream?????
- The OM invoking the restriction regarding manufacturing & allied activities has been withdrawn with immediate effect.
- A Note on Ind AS 116
- CBDT releases SOP for dealing with demonetisation related cases where Sec. 142(1) notices remained non-complied
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Category Archives: Direct Tax
Tax Deduction at Source: Issues, Problems and Recent Developments PHD chamber of commerce and industry is a leading and dynamic government body that works at the grass root level with a mission of Skilling India for Global Competitiveness. The multi-state … Continue reading
Filling of Statement of Financial Transaction (SFT) for Financial Year 2017-18 – 31st May 2018 Timeline
Section 285BA of Income Tax Act, 1961 (‘Act’) read with Rule 114E of Income Tax Rules, 1962 (‘Rules’) requires certain persons/entities to furnish a return/ statement of specified financial transactions (‘SFT’) as mentioned in such Rule 114E. Rule 114E specifies … Continue reading
CBDT Lays down process for intimating taxpayers & seeking response on proposed adjustments us 143(1)(a)(vi)
CBDT lays down process & scenario(s) for seeking response of taxpayers to proposed adjustments u/s 143(1)(a)(vi) for addition of income appearing in Form 26AS or Form 16 or 16A which is not included in computing income in ITR.
Country-by-Country reporting requirement – CBDT notifies Final Rules: (For International groups/entities – Indian & Foreign) Finance Act, 2016 had amended Section 92D of the Income-tax Act, 1961 (‘the Act’) and introduced Section 286 to provide certain requirements regarding keeping, maintaining … Continue reading
CBDT issues clarification (Circular dt. 23 Oct’ 17) on POEM applicability to multinational companies with regional headquarter structure wherein certain employees having multi-country responsibility or oversight over the operations in other countries of the region are working from India;