We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the Guidelines issued by CBDT under Section 194-Q and 206(1H) of the Income-tax Act, 1961. While the Board has sought to clarify various practical issues, there it has still left few questions unanswered.” To read the TaxBuzz, […]
Category : TaxBuzz
Taxbuzz | Exemption in respect of financial assistance for Covid-19 victims
We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the recent Press Release of the CBDT announcing income-tax exemption in respect of financial assistance received by taxpayers for expenses incurred towards medical treatment of Covid-19 and by families of those unfortunate taxpayers who lost their […]
Taxbuzz | Karnataka HC approves set off of Capital Gain against brought forward Business Loss
We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the recent decision of Karnataka High Court in the case of Nandi Steels Limited on the issue of allowability of set off of brought forward Business Loss against income chargeable to tax under the head ‘Capital […]
Taxbuzz | Amendments Passed in the Finance Act 2021
In continuation to our detailed analysis of the Finance Bill 2021, amendments made to the proposals of the Bill, which are now incorporated in the Finance Act, 2021, are summarised in our publication, TaxBuzz. To read the TaxBuzz, click at the ‘Download Newsletter. We trust that you will find the same useful. Looking forward to receiving […]
Taxbuzz | Refund and Deduction of Foreign Taxes in India
We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the recent decision of the Tribunal in the case of Bank of India denying the claim of refund of taxes paid outside India, in absence of tax liability in India on such foreign sourced income. The […]
Taxbuzz | Engineering Analysis Centre of Excellence Private Limited (SC) – Software Taxation
We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the recent decision of the Supreme Court in the case of Engineering Analysis Centre of Excellence Private Limited v. CIT [Civil (Appeal) 8733-8734 of 2018 (SC)] wherein the Court has held that payments made by resident […]