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Supreme CourtInterest-Free/Concessional Loans To Bank Employees Taxable As Perquisite : Supreme Court Upholds Rule 3(7)(I) Of Income Tax RulesCase Name- All India Bank Officers' Confederation Vs The...
The Kerala High Court has held that the stipulation under Clause 16 of the Income Computation and Disclosure Standards (ICDS) for the adoption of first-in, first-out (FIFO) or weighted average cost...
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has disallowed the deduction of marketing and sales expenses accumulated in work-in-progress as per accounting standards and revenue...
Accounting practices in India have undergone significant improvements in recent years, driven by the increasing demand for transparency, accountability and adherence to international standards.These advancements aim to enhance financial ...
The biggest positive trigger for Dalal Street in the upcoming Union Budget 2022 could be any abolition of Securities Transaction Tax. The street will watch if the government is able to reverse the economic downturn caused by Covid-19 which has led to severe financial disruption at both industrial and individual levels.