Conversion of branch of foreign banks in India into Indian subsidiary company- Section 115JG
Section-115JG: “(1) Where a foreign company is engaged in the business of banking in India....
Thin Capitalisation- Limitation on Interest deduction under section 94B of Income Tax Act
THIN CAPITALISATION- LIMITATION ON INTEREST DEDUCTION UNDER SECTION 94B Background: Under the initi....
SECONDARY ADJUSTMENTS IN TRANSFER PRICING
SECONDARY ADJUSTMENTS IN TRANSFER PRICING Introduction: The Finance Act, 2017 has introduced the co....
CBDT extends due dates of filing ITR and Tax Audit report and other compliances for A.Y. 2021-22
Various compliance dates under Income Tax Act extended for A.Y. 2021-22 The Central Board of Direct Taxes i....
Extension of timeline for various compliances under Income Tax Act due to Covid-19 pandemic
Extension of timeline for various compliances under Income Tax Act due to Covid-19 pandemic The Central Gov....
Due date of payment under Vivad Se Vishwas Scheme extended to 30th June, 2021
Due date for payment under Vivad Se Vishwas Scheme extended upto 30th June, 2021 In view of the severe Covi....
How to reply to different income tax notices
Every taxpayer becomes anxious on getting an income tax notice. He does not know how to deal with such notice....
New Registration or Renewal process for Trusts- Section 12AB of Income Tax Act
New Registration process for charitable or religious trusts under section 12A/12AB Finance Act, 2....
Revised registration or renewal process for trusts or institutions covered under section 10(23C)
Revised registration process for trusts or Institutions or educational or medical institutions covered by sect....
ITR-1 and ITR-4 JSON Utilities released for A.Y. 2021-22
JSON Utility for ITR-1 and ITR-4 for Assessment Year 2021-22 has been released by the Central Board of Direct....