itat

As Per IT Act Co-owner, Who Invests Major Share In Property

Recently, in ShriIsola Srinivas v. ACIT, the Hyderabad bench of the ITAT held that a Co-owner, who i...

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gst registration

The GST: So Far So Good, But Not Good Enough

The proposal departs from the expert view that an ideal GST should have a few exempted commodities a...

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Income Tax Act

Internet Charges To Be Deducted From The Turnover Under Section 10A

In Qvantel Software Solutions, Hyderabad v. ITO, the ITAT Hyderabad held that the internet charges a...

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Deduction on Capital Gains

Deduction on Capital Gains Under Section 54F Can Be Extended

In ACIT v. Sri B. Surendra Choudary, the division bench of the ITAT, Hyderabad bench held thatthe ne...

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Patent™ is Taxable

Consideration Received On Sale of ‘Patent’ Is Taxable Under The Head ‘Capital Gain

In M/s. Bharat Serums & Vaccines Ltd. v. ACIT, the division bench of the Mumbai Income Tax Appel...

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Bill In Lok Sabha

This MP Proposed 5 Lakh Marriage Bill In Lok Sabha But Used A Chartered Plane For Her Wedding

In recent times, a bill was introduced in Lok Sabha by Ranjeet Ranjan, a Bihar Congress MP, who soug...

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Cashless and Digital Transactions

Cashless and Digital Transactions to boost GDP

Digital and cashless transactions would boost GDP growth of the country in a meaningful transition f...

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Trademark Objections

Some Reasons For Trademark Objections

Once a Trademark application is filed, a trademark examiner scrutinizes the application. This is don...

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SSI Exemption

SSI Exemption Not Available To A Unit Using Third Party Brand Name To Manufacture Goods

In a recent ruling, the Delhi CESTAT held that Small Scale Industry (SSI) exemption is not available...

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tax pay

SMEs To Pay 25% Tax Even If Rs 50-CR Limit Crossed in FY17

Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said the income tax department will com...

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Professional Tax

Professional Tax For The Financial Year 2016-17

Professional tax is a tax levied by the various State Governments of India on salaried individuals,...

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Minimum Wages Act

Minimum Wages Act,1948 Applicable in Whole India

Minimum Wages Act envisages to fix minimum standard wage in scheduled employments thereby protecting...

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CA in india

A Practicing CA Cannot carry on Business Through Companies, Trusts and Firms: Delhi HC

In a recent ruling, the Delhi High Court confirmed the removal of a practicing Chartered Accountant...

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Tax Exemption to Patanjali

Yoga a Form of ‘Medical Relief’: ITAT Delhi Allows Tax Exemption to Patanjali Yogpeeth

In a big relied to Baba Ramdev's Patanjali Yogpeeth, the Delhi bench of Income Tax Appellate Tribuna...

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Jewellery purchase

Jewellery Purchase in Cash Above Rs 2 lakh to Attract 1% Tax From April 1

NEW DELHI: Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from Ap...

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Small Companies

Small Companies are Outside the Ambit of PoEM Regulations: CBDT

In a major relief to smaller companies and firms, the Central Board of Direct Taxes (CBDT) had clari...

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authorized share capital

Rules for Authorized Share Capital for Company Registration

Authorized Share Capital more commonly known as authorized capital is basically the maximum amount o...

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new trademark rules

New Trademark Rules Notified on 6th March 2017

The Government of India has notified the most awaited Trade Mark Rules, 2017 with effect from 6th da...

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Appointment of First Auditor

Appointment of First Auditor of Company

As per section 139(6) of Companies Act 2013, Private Limited company & One Person Company has to...

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check trademark class

Check In Which Class Your Trademark Is To Be Registered

Trademark registration that works to protects your business reputation and goodwill around the world...

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