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TaxBuzz - Notification - Third proviso to section 10(38)

We are pleased to share with you a copy of our in house publication - “TaxBuzz…”, wherein we have analysed the recently issued Notification by the Goverment specifying transactions which

Determination Of Business Income For Real Estate Developers – CBDT Proposes ICDS

Background:

  • Accounting Standard, AS-7- 'Construction Contracts' issued by ICAI in December, 1983 and subsequently revised in 2002, w.e.f. 1.4.2003 which is mandatory, provides for accounting treatment of revenues and costs associated

TaxBuzz - Godrej Boyce Manufacturing Company Ltd. v. DCIT (SC)

We are pleased to share with you a copy of our in house publication TaxBuzz…, wherein we have analyzed the recent decision of the Supreme Court in the case of Godrej Boyce

TaxBuzz Draft rules for valuation of unquoted shares

We are pleased to share with you a copy of our in house publication “TaxBuzz…”, wherein we have analysed the recently introduced ‘Draft rules for valuation of unquoted shares’ and

Conflict between section 44BB and section 44DA

Section 44BB of the Income Tax Act, 1961 (the Act) provides for taxation on the presumptive basis of income arising to a non-resident assessee from providing services or facilities

Investment Companies: Always dealer in shares?

IN the corporate world, the strategy has always been to keep investment activities or funds earmarked for investment separate from regular business operations / entities cluttered with routine

Appointment of Arbitratorunder Sections 11(4), (5) and (6) of the Arbitration Ace

Appointment of Arbitratorunder Sections 11(4), (5) and (6) of the Arbitration Ace: A Never-ending Saga of Judicial Interpretation.

To read the complete article, kindly download the attachment.

Taxation of Foreign Companies in Direct Taxes Code Bill, 2010 - A Summation

THE Direct Taxes Code Bill, 2010, („the Code'), which is proposed to be enacted w.e.f. 1-4- 2012 and will replace the Income-tax Act, 1961, („the Act'), makes a substantial change/shift