Indian Tax Solution
Analysis of all amendments applicable to FY 2017-18 / AY 2018-19
Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)-reg.
Clarification on Cash sale of agricultural produce by cultivators/agriculturist
CBDT extends due date for filing of Country-by-Country Report for 2016-17 to 31.03.2018.
Clarification related to guidelines for establishing \'Place of Effective Management\' (PoEM) in India-reg.
TDS not deductible on GST Component: CBDT.
Clarifications on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.
Clarifications in respect of section 269ST of the Income-tax Act, 1961.
Settled View on section 2(22)(e) of the Income Tax Act trade advances-reg.
Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
Non-Applicability of the provisions of section 194-1 of the I.T. Act, 1961 on remittance of Passenger Service Fees (PSF) by an Airline to an Airport Operator-reg.
Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961 - Exemption thereof.
Corrigendum toCircular No 13/2017 dated 11.04.2017on the Clarification regarding liability to income-tax in India for a non-resident seafarer receiving salary in NRE (Non Resident External) account maintained with an Indian Bank.
Lease rent from letting out buildings/developed space along with other amenities in an Industrial Park/SEZ- to be treated as business income.
Extension of time for filing declaration under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
Huge relief for manufacturers -No GST payments on advances received for supplying goods
On Wednesday, the Central Government spared businesses from paying GST on advance amounts they have received for goods which are to be supplied later in the future. The step was aimed to help clear the confusion over tax liabiliti ...