Update: major announcements by RBI
The Reserve Bank of India (RBI) has allowed lenders to extend a moratorium offered on repayments by 3 months. The […]
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Faqs: reduction in statutory rate of epf contribution from 12% to 10%
In order to clear the air around the measure of the reduction in the rate of provident fund contribution announced […]
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Clarification in respect of residency under section 6 of the income tax act, 1961
Central Board of Direct Taxes (CBDT) Circular regarding the exclusion of lockdown days in determining Residential Status for a person […]
Faqs on companies fresh start scheme, 2020
This is a scheme to provide the Companies a one-time opportunity to complete their pending compliances by filing relevant documents […]
Covid19: faqs on relaxation under taxation laws
In these unprecedented crucial times of the ongoing pandemic, the tax payers are facing multiple challenges in meeting the compliance […]
Faqs on moratorium by RBI
In order to deal with economic fallout and disruption caused due to COVID-19 which has been declared as a Pandemic […]
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Faqs on equalisation levy
Due to immense increase in digitalisation and digital transformation of various businesses whereby digital processes and tools were adopted to […]
Amount Paid on Encashment of Bank Guarantee is Allowable as a Revenue Expenditure
In the matter of Principal Commissioner of Income Tax-4 v. Green Delhi BQS Ltd. [(2018) 99 taxmann.com 38 (Delhi) decided […]
Income from Letting Out Terrace for Installation of Mobile Tower is Income from House Property
In the matter of Kohinoor Industrial Premises Co-Operative Society Limited v. ITO [(2018) 98 taxmann.com 365 (Mumbai Trib.) decided on […]