TaxBuzz – Page 6 – Vaish Associates Advocates

Taxbuzz | Guidelines Issued by CBDT under Section 194-O(4) and Section 206C(1-I) of the Income-Tax Act, 1961

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-O(4) and 206(I-1) of the Income-tax Act, 1961. While the Board has sought to clarify various practical issues, it has still left many questions unanswered. To read the TaxBuzz, […]

Taxbuzz | The Taxation and other Laws (Relaxation and Amendment of certain provisions) Bill, 2020 passed by the Parliament

We are pleased to share with you the copy of our latest edition of “TaxBuzz”. We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the amendments proposed by the recently passed Taxation and Other Laws (Relaxation and Amendment of certain provisions) Bill, 2020. The Bill […]

Taxbuzz | COVID-19: Need for adjusting cost base and revising mark-up for services of captive service providers

We are pleased to share with you the copy of our latest edition of “TaxBuzz”. In the aftermath of COVID-19, benchmarking of profit margins of the low risk captive service providers from Transfer Pricing perspective would be a complex exercise, as the combined profitability in the value chain is shrinking and the associated enterprise would […]

Taxbuzz | The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020

We are pleased to share with you the copy of our latest edition of “TaxBuzz”. The Government has recently released a notification dated 24.06.2020 under The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 wherein time limitations for various compliances under the Income Tax and allied laws have been extended. The extended limitations […]

Taxbuzz | Direct tax measures announced by FM on 13-05-2020

The Hon’ble Prime Minister, Sh. Narendra Modi, had announced a stimulus package of Rs. 20 lakh crore, constituting 10% of the GDP, in his address made to the nation on 12th May, 2020 under ‘Atmanirbhar Bharat Abhiyaan’ to save the lockdown-battered economy. The Hon’ble Finance Minister, Smt. Nirmala Sitharaman, (‘FM’) addressed a press conference on […]

Taxbuzz | Eye on lockdown driven tax reliefs and various compliances under the Income Tax Act, 1961 (as amended by the Finance Act, 2020) knocking at our doorstep

In the present times of the prevailing COVID-19 outbreak, where workplaces are shut and there subsists a complete lockdown of humanity, a lot has happened in the domain of Direct taxes behind our back, either by way of enactment of changes in law through the Finance Act 2020 or through the Ordinance issued by the […]