Tags » Income Tax Act
The 10 member committee headed by R.V. Eashwar (Rtd. Justice) formed in October 2015 under the Ministry of Finance submitted the first round of recommendation on Income Tax simplification in January. 330 more words
Permissibility to claim Benefits partly under the DTAA i.e. the Treaty and the Indian Income Tax Act in the same Assessment Year – A Plausible Fallacy?
In a significant ruling, the Mumbai Bench of the Tribunal in Shivalik Ventures (P) Ltd. v. DCIT, 60 taxmann.com 314 (Mumbai Trib.) considered the debatable issue of exclusion from book profit for Minimum Alternate Tax (‘MAT’) of any amount credited in the Profit &Loss account, which is not at all taxable due to exemption, or which is not taxable because of its nature being capital receipt. 89 more words