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Landmark Judgement : If loan was not received during the relevant assessment year, no addition can be made under section 68

by admin | Dec 30, 2021 | Income Tax

Spread the love          Tweet    Short Overview  Where AO made addition under section 68 in respect of a loan received by assessee, however, it was found that the said loan was not received during the...
ROC Annual Filing Due date for FY 20-21 for AOC-4 & MGT-07  Extended by M.C.A

ROC Annual Filing Due date for FY 20-21 for AOC-4 & MGT-07 Extended by M.C.A

by admin | Dec 30, 2021 | Company Law

Spread the love          Tweet    Ministry of Corporate Affairs [MCA] has extended the due date for filing AOC-4 and MGT-7 for FY 2020-21. The extract is given below for reference. In continuation to...
OECD RULES TO IMPLEMENT 15% TAX RATE ON MULTINATIONAL ENTITIES OUT

OECD RULES TO IMPLEMENT 15% TAX RATE ON MULTINATIONAL ENTITIES OUT

by admin | Dec 30, 2021 | Income Tax

Spread the love          Tweet    The Organization for Economic Co-operation and Development (OECD) has come out with a template for countries to implement the global agreement on imposing minimum 15 per...
Breather for tax payer; AIS data not for tax calculation: CBDT December 08, 21

Breather for tax payer; AIS data not for tax calculation: CBDT December 08, 21

by admin | Dec 30, 2021 | Blog

Spread the love          Tweet    🌴 On the alleged discrepancies related to stock sale and purchase data of assessees on newly-introduced Annual Information System (AIS), the Central Board of Direct...
50 Transactions to be reported in New Annual Information Statement (A.I.S) under Income Tax Act.

50 Transactions to be reported in New Annual Information Statement (A.I.S) under Income Tax Act.

by admin | Dec 30, 2021 | Income Tax

Spread the love          Tweet    The Income Tax Department has announced the roll-out of a new statement namely Annual Information Statement (AIS) which would provide you with almost all details about...
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Intellex was set up by Sudheendra Kuamr, a Chartered Accountant with more than 25 years of experience in top notch Indian and Global Companies in areas like Investment Banking, Financial Services, Accounting, Auditing, Taxation and Statutary Compaliances etc. Our organisation was set up in 2002 based in Mumbai.
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