Understanding Business Model Canvas (BMC) The Business Model Canvas (BMC) is a strategic management tool that helps businesses visualize, design, and analyze their business models. It's a one-page document that works through the fundamental elements…
Cash sales during demonetisation already reported as sales, cannot be taxed twice as unexplained credit: ITAT Delhi Harisons Diamonds Pvt Ltd Vs ACIT (ITAT Delhi) Appeal Number : ITA No. 1426/DEL/2021 Facts: 1. An addition…
TDS on Housing Rent Applicability of TDS payment u/s 194IB & u/s 195 of the Income Tax Act in the case of housing rent payments to landlords is as bellow : A) Section 194IB -…
Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC AGRA PORTFOLIO PVT. LTD. (ITA 1385/2018) Facts: 1. The appellant had allotted 3,15,000 equity shares of a face value…
Blume Ventures Indus Valley Report 2024 Explainer a must watch for getting a deep dive into the Indian economy and how you can use it take strategic decisions for your company or startup. https://youtu.be/Lu95u5Wpq2U?si=syS0ZaqoDtD4gxO4 #indusvalleyreport…
Taxation of unexplained income or investment: 1. Sec .68 of Income Tax Act– Cash Credits Where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee…
20% Pre deposit is not a precondition for granting a stay on Income Tax demand: National Association Of Software And Services Companies (NASSCOM) (TS-195-HC-2024(DEL)) Observations of the Hon Delhi HC while rejecting the precondition of…
TDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner: ITAT Jodhpur Adhunik Khanan VA Parivahan Theka Sahakari Samiti Limited Vs. ITO (ITA Nos. 177 to…
Subscription to database is not royalty or professional fees and so not taxable: Delhi HC THE COMMISSIONER OF INCOME TAX - INTERNATIONAL TAXATION -3 Vs RELX INC Facts: 1. The case is pertaining to the…
Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC PCIT Vs Videocon Industries Ltd. & Anr (Bombay High Court) (Income Tax Appeal No.434 of 2018) Facts: 1. The…
