Granting Development Licence Without Possession Not a ‘Transfer’ Under Section 2(47)

Issues Involved Whether granting license to permit construction of land without giving any possession in land considered as transfer u/s. 2(47)? Facts of the Case The assessee...

Payments to Foreign Attorneys for IP Services Are Professional Fees, and Not FTS

Issues Involved Whether payments remitted by Indian law firms to an NR foreign attorney towards filing, prosecution and maintenance of overseas intellectual property (IP) matters...

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I-T Department issues Rs 17,061 CR of refunds to Taxpayers

The Income Tax Department on 12th May,2021 said it has issued over Rs 17,061 crore of refunds to more than 13 lakh taxpayers so...

Startup India Registration: How beneficial is it for your business?

Launched on 16th January 2016, the Startup India Initiative has rolled out several programs to support entrepreneurs, build a robust startup ecosystem, and transforming...

CBDT extends various due dates to provide relief to taxpayers in view of COVID – 19: [Circular No. 9 of 2021 in F. No....

In view of the adverse circumstances arising due to the severe Covid-19 pandemic, the CBDT in exercise of its power under section 119 of...

Relaxation granted by MCA due to second wave of Covid-19

Circular-1: Maximum Gap between two Board Meetings under section 173 of the Companies Act, 2013.  MCA has extended a gap between the two board meetings by...

No addition can be made in respect of completed assessments if no incriminating material is found during the course of search.

The DCIT Vs. M/s.Creative Trendz Pvt. Ltd. Facts of the case The assessee is a company engaged in the business of embroidery of...

Lease Financing Model: Lease Financing as a Viable Business Option

Ever heard of businessmen exploring the idea of using an asset on a rental basis on account of a shortage of finance to buy...

File Form 10A in 5 Easy steps

Are you an applicant registered under Section 12A and 80G or Section 12AA? (i.e Trust/Societies/Hospitals, etc.). Then you need to obtain fresh registration in...

Solve your Income Tax puzzle with Us!

Have you received any income tax notice so far? Are you the lucky one? or the unlucky one! If yes, next 5 minutes is...

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