Internal Audit Controls: All About the Internal Audit Controls

12 Feb, 2023

Internal Audit Controls: All About the Int...

Internal audit controls are an essential part of a company's overall risk management strategy. These are a set of proce...

<em>Salary credited in NRE a/c of NR seafarer is not taxable just because assessee had mistakenly shown it in ITR</em>

11 Feb, 2023

Salary credited in NRE a/c of NR seafa...

The issue of whether the salary of a non-resident seafarer, which was earned for services rendered outside of India, wo...

Bonus Paid to Director of Private Limited Company instead of Dividend is a Tax Avoidance

11 Feb, 2023

Bonus Paid to Director of Private Limited ...

The Delhi High Court has ruled against the Assessee in a case involving the payment of bonuses by a private limited com...

Liaison Office of Swiss company’s subsidiary does not constitute a PE for preparatory or auxiliary activities

11 Feb, 2023

Liaison Office of Swiss company’s subsidia...

The Mumbai ITAT has ruled in favor of the assessee, holding that the liaison office (LO) of a Swiss company's subsidiar...

No TDS and Disallowability on AMC, Software Expenses, Legal and Professional Charges

11 Feb, 2023

No TDS and Disallowability on AMC, Softwar...

The Bangalore ITAT has upheld the expenses incurred by the assessee-company, Honeywell Technology Solutions (P) Ltd, fo...

Groundbreaking Ruling: Non-Reply to SCN Does Not Justify Cancellation of GST Registration

11 Feb, 2023

Groundbreaking Ruling: Non-Reply to SCN Do...

The Hon'ble Allahabad High Court, in the case of Acambis Helpline Management (P.) Ltd. v. Union of India [Writ Tax No. ...

11 Feb, 2023

Leave Travel Allowance (LTA): A Guide on L...

Leave Travel Allowance (LTA) or Leave Travel Concession (LTC) received by an individual from their employer is eligible...

11 Feb, 2023

Ruling on Cost of Acquisition in Employee ...

The ITAT in Bangalore has recently issued a judgement in the case of Biplab Adhya v. ITO, related to the assessment yea...

Domain Name Registration: Domain Registration Fee Not Taxable as Royalty, Distinguishing GoDaddy Decision

11 Feb, 2023

Domain Name Registration: Domain Registrat...

The Mumbai Income Tax Appellate Tribunal (ITAT) has recently ruled that the income received from domain name registrati...

India-Singapore DTAA Residency Rules: Tie-breaker Questionnaire plays a crucial role but not the only factor in determining residency

10 Feb, 2023

India-Singapore DTAA Residency Rules: Tie-...

The Delhi ITAT has ruled on the issue of residency under the India-Singapore Double Taxation Avoidance Agreement (DTAA)...

No TDS on Reimbursement to Director and Software Trading

10 Feb, 2023

No TDS on Reimbursement to Director and So...

In the recent case of Techknowledgy Interactive Partners P. Ltd. v. ITO [ITA No. 350/MUM/2009 dated January 9, 2023], t...

Share of Profit Received By an LLP From Other Partnership Firms is Exempted under Section 10(2A) of the IT Act.

10 Feb, 2023

Share of Profit Received By an LLP From Ot...

The ITAT, Bangalore recently decided the case of M/s Mulberry Textiles LLP v. ITO [ITA No. 757/Bang/2022 dated January ...

TDS on Rent: TDS on Rental Income, 194 IB, Limit, Rate, FAQs

10 Feb, 2023

TDS on Rent: TDS on Rental Income, 194 IB,...

According to the Finance Act of 2017, individuals or Hindu Undivided Family (HUF) are required to deduct TDS (Tax Deduc...

10 Feb, 2023

Startup Benefits: Benefits to Startups in ...

India is home to a thriving startup ecosystem, with a large number of entrepreneurs and innovative companies emerging i...

9 Feb, 2023

TDS on Sale of Property: Detailed FAQs

TDS on property, also known as TDS on sale of property, refers to the tax that is deducted at source on the sale of imm...

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