Service tax on Legal Consultancy Service As per Service Tax Rules, 1994, ‘Legal Service’ means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority. Legal service would include advice, consultancy, technical assistance in legal matter and […]
Budget Expectations 2016– Corporate Taxes The second budget to be presented by the new government is keenly awaited by business entities as it is generally seen to bring ”Achhe Din” from the tax perspective. It is notable that the Prime Minister, himself, as part of his ‘ease of doing business’ framework’ emphasized on bringing in […]
Startups (Glimpse of Startup India Action Plan 2016 – Govt Initiative) This write up is to drive away some of the hot topic regarding one month old Government Initiative drive/ Policy “START UP INDIA ACTION PLAN 2016”, initiative led by Honble Prime Minister Shri Narendra Modi. This write up deals with What is start up? […]
GST Models and CGST There are three prime models of GST: GST at Central (Union) Government level only GST at State Government level only GST at both, Union and State Government Levels
Brokerage expenses not allowed against income from house property Citation of the Case: M/s. Radiant Premises Pvt. Ltd. vs. ACIT (ITAT Mumbai), ITA No.5494/Mum/2013, AY 2010-2011, and Date of Judgment: 05/06/2015 Brief of the Case ITAT Mumbai held In the case of M/s. Radiant Premises Pvt. Ltd. vs. ACIT that the phrase rent received and […]