Current Issue

In the High Courts: Part A

• Business expenditure — Disallowance u/s 40(a) (ia) — Payments liable to deduction of tax at source — Scope of section 40 — Amount paid to non-resident...
• Export — Loss — Set off — Scope of section 10B — Section 10B provides for deduction and not exemption — Loss sustained in unit covered by section 10B ...
• Income — Computation of income — Disallowance of expenditure incurred on exempt income — Amendment providing for disallowance even if assessee has not...
• Reassessment — Notice u/s 148 — Validity — Condition precedent for notice — Notice should be issued by the AO who has jurisdiction over assessee....

President's Message

The new year is here to welcome us, and so are the several new technologies that are knocking on our door to bring about massive disruption in life soon. Every beginning implicitly means the end of the old, - however discomforting it is. Over the years of human evolution that we have witnessed, change was slow, gradually impacting the way we lived.