- The OM invoking the restriction regarding manufacturing & allied activities has been withdrawn with immediate effect.
- A Note on Ind AS 116
- CBDT releases SOP for dealing with demonetisation related cases where Sec. 142(1) notices remained non-complied
- Online Utility for filing Annual Return now available on GST Portal
- What are the Requirements for a Private Limited Company Registration?
Monthly Archives: January 2019
CBDT withdraws Circular on 56(2)(viia) applicability to fresh issuance of shares; Cites subjudice matters
CBDT withdraws Circular no. 10 dated 31st Dec 2018 clarifying that Section 56(2)(viia) of the Income-tax Act, 1961 (‘the Act’) shall not be applicable in cases of receipt of shares by a closely held company (specified company) or a firm … Continue reading
CBDT clarifies that Sec. 56(2)(viia) shall not apply to receipt of shares by a closely held company (specified co.) or a firm on fresh issuance of shares; Takes note of representations that the term ‘receives’ used in 56(2)(viia), being of … Continue reading