Article
Lakshmikumaran & Sridharan | India | 16 Feb 2021
The Ministry of Finance and Corporate Affairs has on 13 February 2021 introduced a Bill in the Lower House of the Indian Parliament (Lok Sabha) which…
Article
Lakshmikumaran & Sridharan | India | 4 Feb 2021
As per Section 43CA, where consideration towards transfer of land or building or both (other than capital asset) is less than the stamp duty value…
Article
Lakshmikumaran & Sridharan | India | 4 Feb 2021
Infrastructure Investment Trusts (InVITs) and Real Estate Investment Trusts (REITs) will be allowed to raise debt financing from FPIs…
Article
Lakshmikumaran & Sridharan | India | 4 Feb 2021
Section 147 provides for reassessment where an assessing oficer has ‘reason to believe’ that income chargeable to tax has escaped assessment…
Article
Lakshmikumaran & Sridharan | India | 4 Feb 2021
The term ‘Slump sale’ means transfer of undertaking as a result of ‘sale’ for a lump-sum consideration without values being assigned to individual…
Article
Lakshmikumaran & Sridharan | India | 4 Feb 2021
As per section 45(4), gains on distribution of capital asset to a Partner of firm on dissolution or otherwise is subject to Capital Gains tax in…
Article
Lakshmikumaran & Sridharan | India | 4 Feb 2021
REVISION IN TIME LIMITS - FOR ASSESSMENT…
Article
Lakshmikumaran & Sridharan | India | 4 Feb 2021
The provisions of the IT Act provided for settlement of cases by a body called Income Tax Settlement Commission (’ITSC’)...
Article
Lakshmikumaran & Sridharan | India | 4 Feb 2021
Goodwill is not specifically mentioned as an intangible asset eligible for depreciation.The Hon’ble Supreme Court in Smifs Securities held, goodwill…
Article
Lakshmikumaran & Sridharan | India | 4 Feb 2021
Section 234C provides for chargeability of interest on deferment of advance tax…