Popular Articles

Linklaters LLP Ruling - Impact on Taxability of Professional

taxindiaconnect 05 August 2010 at 18:08

In a recent ruling in ITA no 4896/Mumbai /03, Hon’ble Income Tax Appellate Tribunal ( ITAT Mumbai / The ITAT ) has delivered a land mark decision, in the case of Linklaters LLP Vs Income Tax Officer – International Taxation. In the rul

Subsidiaries under section 397/398 of Companies Act, 1956?

Durga Rao 21 September 2011 at 12:52

It is very frequently alleged that the remedy available to shareholders under section 397/398 of the Companies Act, 1956 is not effective. There are several issues to say as to why the remedy available to the shareholders under section 397/398 of

Which is better? MBA Finance or CA?

Muskan Mudgil 27 October 2021 at 10:04

In order to decide which is a better option for CA or MBA, it is important to understand that both of these are professional courses and can lead to a successful career in their own unique ways.

The Anatomy of Controls

Nishanth 02 January 2014 at 13:04

This was first posted on my website www.theauditschool.com. Every step I take in learning new things about internal controls, audit or risk management, I like to take two steps back to see the basic concepts which I have learnt years back and see

Refund of SAD

Baqar Abidi 20 May 2016 at 11:27

The intention of levying Special Additional Duty (�SAD�) of Customs also known as Counter Value Duty (�CVD�) U/s 3(5) of the Custom Tariff Act is to encourage domestic market and counter balance local sales tax/ Value Added Ta

Suggestions in relation to certain sections of companies Act, 2013

Snehal Parikh 05 February 2016 at 11:42

Important points in relation to notes to accounts of financial statements under revised schedule VI or suggestions in relation to certain sections of companies Act, 2013The Company should disclose as per revised schedule VI following information in

Error in drafting Section 87A of Income Tax Act, 1961

CA Tejas Andharia 05 February 2024 at 10:51

Most of us would be knowing about and have been claiming a rebate under section 87A of Income Tax Act, 1961. But very few of us would be fully aware about the controversial implications of new drafted proviso (b) to this section which is effective from AY 2024-25. Let's see the Section 87A of Income Tax Act, 1961 first.