Judgement: The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that tax rates specified in the Double Taxation Avoidance Agreement (DTAA) in respect of dividend must prevail over Dividend Distribution Tax (DDT). Facts of the case: The appellant, Giesecke & Devrient (India) Pvt Ltd was incorporated …
a) The Institute of Chartered Accountants of India ( ICAI ) has said that, Mentioning of Names of Clients / Client Logo in Chartered Accountants’ website amount to Professional Misconduct. In an Advisory issued by ICAI said that the members are aware that the Council has …
1) The Central Board of Direct Taxes (CBDT) on September 29 issued a detailed clarification pertaining to the new TDS/TCS provisions set to be applicable from October 1, 2020, onward. 2) The Finance Act, 2020, widens the scope of TCS provisions to cover the sale of …
1. More than 82 per cent of individual taxpayers faced TDS mismatch problems during the last three years resulting in disallowance of refund and the creation of avoidable harassment of taxpayers, the latest CAG report on the Department of Revenue has pointed out. The apex audit …
1) The Central Board of Direct Taxes (CBDT) has issued the guidelines for TDS on Payment by e-commerce operator, under section 194-O with effect from October 1, 2020. 2) The guidelines issued by the Boards deal with the applicability of transactions carried through various exchanges; applicability …
1. The Institute of Chartered Accountants of India (ICAI) has announced that the Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) and Advance Information Technology Test will be conducted through Computer Based Mode. 2. The ICAI has decided to conduct Advanced ICITSS/ Adv. …
1. The Central Board of Direct Taxes (CBDT) notified the setting up of the National Faceless Appeal Centre (NFAC) and Regional Faceless Appeal Centres (RFAC) under Faceless Appellate Scheme, 2020. 2. The NFAC and of the RFAC which shall exercise the powers and perform functions in …
a) In an effort to provide greater ease of doing business, the Ministry of Corporate Affairs has extended the duration of several schemes till the end of the year 2020 in the wake of continued disruption caused by the coronavirus pandemic in certain parts of the …
