News & FAQs

Clarification on Form MGT-14 through STP Mode

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jul 10, 2014

MCA vide General Circular No. 28/2014 dated 09/07/2014 has issued Clarification on Form MGT-14 through STP Mode. Form MGT-14 is used for ...

20 Key changes in Direct Taxes – Budget 2014

News & FAQs | By ALOK PATNIA | Jul 10, 2014

With budget announced on 10th July 2014, we are here to bring to you 20 Key changes in Direct Taxes – Budget 2014 . 1. Personal In...

Budget 2014 Live: What does FM say?

News & FAQs | By ALOK PATNIA | Jul 10, 2014

It is time for Team Narendra Modi to walk the talk. The Budget 2014 has so far met with extreme reactions, been criticized to be “m...

This budget will show the intention of the government for simplification of Tax laws

News & FAQs | By ALOK PATNIA | Jul 9, 2014

There are reports that the government is of the view that the ambitious Direct Taxes Code, which proposed overhaul of the six-decade old ...

MCA clarifies on shares held in Fiduciary Capacity

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Jul 8, 2014

These are what that seem to be the sunny days for companies. The department has issued yet another circular vide General Circular No. 24/...

Budget may miss taxes changes but certainly would be bold says reuters survey

News & FAQs | By ALOK PATNIA | Jul 8, 2014

Government will probably unveil bold reforms in its budget on Thursday in a bid to turn around an economy growing at decade lows, but...

Deduction allowable under specific section cannot be withdrawn unless other overriding provision ...

News & FAQs | By ALOK PATNIA | Jul 7, 2014

Recently, ITAT Mumbai Bench stated that where, once deduction is allowable under specific section, which is on an altogether different fo...

Govt proposes 49% FDI in insurance, caps voting rights

News & FAQs | By ALOK PATNIA | Jul 7, 2014

Source : PTI The government plans to increase foreign direct investment (FDI) in the insurance sector to 49 per cent with a rider that vo...

IT dept is sending emails for updation of contact details for income tax return filing

News & FAQs | By ALOK PATNIA | Jul 7, 2014

IT dept is sending emails for updation of contact details for income tax return filing  to  those users who have registered Email addr...

Linkedin Profile now acceptable as additional evidence by the Department

News & FAQs | By ALOK PATNIA | Jul 6, 2014

Recently, the ITAT Delhi Bench , in the case GE Energy Parts Inc.  Vs.  Addl. Director of Income-tax (ITAT Delhi), ITA No. 671/Del/2011...

Transfer pricing norms on capital transactions may be eased to motivate investments

Source : PTI Transfer pricing norms on capital transactions may be eased to motivate investments, the Finance Ministry is likely to intro...

Higher deduction for home loan interest expected from Budget,2014

Tax Payers who are eagerly waiting for Budget,2014 to come, are expecting changes to be made in the provisions of Section 80EE. Section 8...

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