All - about Liaison Office of a Foreign Company in IndiaLiaison office acts a channel of communication /facilitator of trade between the foreign parent company and the market in India. It promote import/export and also f...
Writ PetitionsEach State has a High Court. High Courts have been granted powers to issue writs. The Writ is an order or process issued by court or judicial Officers, asking person to perform or refrain from performing an...
Prosecution for Failure to pay tax to the credit of Central government under Chapter XII-D or XVII-B [Section 276B of the Income Tax Act, 1961]Section 276B of the Act, standing as on date and introduced with effect from ...
Dividend Stripping [Section 94(7)]What is Dividend StrippingDividend stripping is the practice of buying shares a short period before a dividend is declared, called cum-dividend, and then selling them when they go e...
Misusing Client Code Modifications facility - TaxabilityClient Code Modification means modification/change of the client codes after execution of trades. Stock Exchanges provide a facility to modify a...
Concept of Most Favoured Nation (MFN) clauseThe concept of Most-Favoured-Nation (MFN) is not new. Clauses of similar nature can be traced back to twelfth century2. The examples of early MFN clauses were the Treaty of Ami...
Condonation of Delay in filing Appeal before the CIT(A) - [Section 249(3) of the Income Tax Act, 1961]Appeal has to be filed within time prescribed under the relevant provisions. An appeal filed beyond time prescribed un...
Bonus stripping transactions [Section 94(8)]As per section 94(8) of the income tax act, any person buys or acquires units within a period of 3 months prior to record date and such person is allotted additional ...
Special provisions for full value of consideration for transfer of assets other than capital assets in certain cases [Section 43CA]Section 43CA inserted by the Finance Act, 2013, with effect from 01.04.2014 (i.e. with ef...
Validity of Notice issued under section 148 of the Income Tax Act in the name of a deceased personSection 148 of the Income Tax Act, 1961 (‘the Act’ for short) provides that before making the assessment, reassessment...