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Category: Virtual Office Facility

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July 14, 2021 / GST

CORPORATE AND PROFESSIONAL UPDATE MAY 19, 2016

TODAYS UPDATE : Direct Tax:  IT: Computing MAT liability under the provisions of Sec-115JB deduction u/s 80HHC shall be allowed after setting off losses suffered on export of trading goods – M/s. United Breweries (Holdings) Ltd. Vs. CIT, Bangalore (2016 (4) TMI 570 – ITAT Bangalore)  IT: Amounts received by the assessee from various producers towards advances cannot be …

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July 7, 2021 / Company Law Compliances

CORPORATE AND PROFESSIONAL UPDATE MAY 5, 2016

TODAY UPDATES: DIRECT TAX: IT: The cost incurred by the previous owner shall be adopted while computing capital gains in the hands of the assessee – benefit of indexation should accordingly be provided w.e.f. 01 APR 1981 – P.M. Rungta (HUF) Vs. ITO (2016 (5) TMI 67 – ITAT Mumbai) IT: Exemption on the principle of mutuality claimed – …

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July 10, 2021 / Business Set Up in India

CORPORATE AND PROFESSIONAL UPDATE MAY 3, 2016

CORPORATE AND PROFESSIONAL UPDATE  MAY 3, 2016 DIRECT TAX IT: Additional payment even if made to the retiring partner in excess of capital account is not in nature of any profit or income within the meaning of Sec.28(va) of the Act and it cannot be brought to tax as business income – Sharadha Terry Products Ltd. Vs. …

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July 14, 2021 / Audit

CORPORATE TAX UPDATE FOR THE MONTH

Corporate tax Update for the Month : Company Law: Query: Is sitting fees payable to a director who participates in a meeting through video conferencing? Answer: Yes, sitting fee is payable to a director who participates in a meeting through any of two modes viz. in person or through video conferencing or any other audio visual means. …

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    About IFCCL

    India Financial Consultancy Corporation Pvt. Ltd. is one of the leading providers of financial and business advisory, internal audit, statutory audit, corporate governance, and tax and regulatory services. With a global approach to service delivery, we are responds to clients' complex business challenges with a broad range of services across industry sectors and national boundaries. The Company has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting companies and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Assurance, Risk, Taxation, & Business advisory services to various clients and their stakeholders...
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    RCS Recent Posts

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