posted: "INCOME TAX : Where assessee-company claimed expenses incurred towards software licence as revenue expenditure but Assessing Officer disallowed claim of assessee, since licence was valid for one year and did not confer any enduring benefit, expense incurre"
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posted: "Section 2(31) of the Income-tax Act, 1961 defines the term "person" and this term must be understood besides the term 'assessee' which is defined in section 2(7) of the Act. The term 'assessee' is used more frequently than the term 'person'.Section 2(31)"
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posted: "MCA specifies Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund), Third Amendment, Rules, 2021. As per the amendment rules, companies remitting any amount to the Fund is required to furnish details thereof to the Aut"
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posted: "The CBDT, vide notification No. 139/2021, dated 28-12-2021, has notified the Faceless Appeal Scheme, 2021 in supersession of the earlier Faceless Appeal Scheme, 2020. Now, the board has set up the National Faceless Appeal Centre (NFAC) and Appeal Units fo"
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posted: "COMPANY LAW : Where directors of company, against which SEBI had initiated prosecution on its failure to comply CIS Regulations, had filed an application for compounding offence on ground that company had wound up and refunded entire amount collected unde"
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