Summary of Income-tax (8th Amendment) Rules, 2020 CBDT amended Rule 44G of Income tax Rules, 1962 for making an application to invoke the mutual agreement
Read full postCBDT issued circular No. 11-2020 clarifying how residency in India will be calculated with respect to an individual’s stay in the period of lockdown. If
Read full postHere’s a summary of the ordinance no 2 of year 2020: Specified Acts The Wealth Tax Act, 1957 The Income Tax Act, 1961 The prohibition
Read full postTaxability of an offshore discretionary trust having resident and non-resident beneficiaries: Implications at time of accrual of income vs distribution of income Know the tax
Read full postCheck out what the case page of Riverus Research Map for income tax looks like Get a timeline of a case Case Map of the
Read full postData, they say, is the new oil. Much like oil, in its crudest form, data has little use. And while oil needs to be processed
Read full postOn December 2, 2019, the Lok Sabha passed the Taxation Laws (Amendment) Bill, 2019 (“The Bill”) which inter alia reduces the corporate tax levied on
Read full postThe Indian government reduced the corporate tax levied on companies from 30% to 22%. Corporate tax is a direct tax that is levied on the
Read full postCase: EMDEE DIGITRONICS PVT LTD vs PR. COMMISSIONER OF INCOME TAX-4, ITAT KOLKATA Background: The assessee’s return of income was passed on for reassessment u/s
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