Relaxation for furnishing of UID in case of Form 15G/15H for certain quarters

CBDT came with circular on Relaxation for furnishing of UID in case of Form 15G/15H for certain quarters vide circular number Circular No. 18/2016. Detailed content of the circular is as given below: The existing […]

E-filing of appeals Extension of time limit​

CBDT came with circular on E-filing of appeals Extension of time limit vide circular number Circular No. 20/2016. Detailed content of the circular is as given below: Rule 45 of the Income Tax Rules, 1962, […]

​Admissibility of claim of deduction of Bad Debt under section 36(1)(vii) read with section 36(2) of the Income-tax Act, 1961

CBDT came with circular on Admissibility of claim of deduction of Bad Debt under section 36(1)(vii) read with section 36(2) of the Income-tax Act, 1961 vide circular number Circular No. 12/2016. Detailed content of the circular […]

Amendment in Section 206C vide Finance Act 2016 – Clarifications

CBDT came with circular on Amendment in Section 206C vide Finance Act 2016 – Clarifications vide circular number Cirular No. 22/2016. Detailed content of the circular is as given below: Section 206C of the Income-tax […]

​Amendment in Section 206C of the Income-tax Act vide Finance Act 2016

CBDT came with circular on ​Amendment in Section 206C of the Income-tax Act vide Finance Act 2016 vide circular number Circular No. 23/2016. Detailed content of the circular is as given below: On 5 May, […]

5 Stock to Buy in 2017 which can be Multibaggers

Larsen & Toubro  Larsen & Toubro Ltd (LT) is from Large Cap and this stock can be good for investors who want to play safe but want to make most of the rally in Construction […]

Budget 2017 relaxes Provisions of Domestic Transfer Pricing

Currently, provisions of domestic transfer pricing are applicable to transactions between two domestic related parties even in situations where transactions between them are tax neutral from base erosion of Indian tax base point of view. […]

Cash Compliance 2016 | How to deal?

Appx 18 Lakhs of notices has been issued in last 2 days regarding Cash Compliance to those who have deposited old currency notes during demonetization period. We have already came with an article on how […]

How to Apply for Udyog Aadhaar : Procedure

After SSI abolition, now a days Udyog Aadhaar is widely accepted in compliance like opening current account, giving proof of registration of any entity and similar kind of work. Procedure to obtain Udyog Aadhaar is very easy […]

Budget 2017 came with Concessional rate of 10% for transfer of Pvt Company Shares

It is proposed to clarify that the amendment made by the Finance Act, 2016 in Section 112 of the Income-tax Act providing for concessional rate of tax in respect of transfer of share of a […]