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Buy Back Of Shares By Unlisted Company – Tax Efficient Tool
CA Rohan Sogani has explained in a comprehensive manner the tax implications of buy-back of shares. He has also opined on whether the provisions of sections 56(2)(x) and 50CA and GAAR apply. The relevant provisions of the Companies Act and the Stamp Act have also been referred. The author has also drawn attention to the important judgements which have a bearing on the issueGlobal Income Of All Indian Citizen Exempted? A Critical Analysis Of Deemed Residency – Section 6
CA Sunil Maloo has pointed out that the in the latest Budget session, the Government had tried to cut the wings of stateless Indian Citizen who used to devise means to avoid taxation in India. In the backdrop of this, the Government amended provisions of Section 6 of the Income-tax Act, 1961. However, the same appears to have backfired. The author has highlighted the other side of the coin of the recently introduced deemed residency provisions See Also: Digest of case laws (updated regularly) containing latest judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
Reassessment U/s 147 Of The Income-Tax Act: Key Legal Principles Laid Down By The Supreme Court In NDTV vs. UOI
Advocate Ajay R. Singh has culled out in a systematic manner the important principles of law emanating from the recent judgement of the Supreme Court in New Delhi Television Ltd vs. DCIT. He has also applied his mind to the applicability of the second proviso to section 147 with respect to an asset or financial interest in a foreign country. He has also considered whether the amendment to section 150(1) to lift the embargo of limitation under section 149 applies prospectively or has retrospective effect__._,_.___
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