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Ministry of Corporate Affairs (MCA) has notified National Company Law Tribunal Rules, 2016 (NCLT) and National Company Law Appellate Tribunal Rules, 2016 (NCLAT) vide its notification dated 21st day of July 2016, which shall came into force from the date of its publication in Official Gazette.
ICDS implementation deferred by one year-will now be effective from Assessment Year 2017-18
CBDT notifies rules on claiming foreign tax credits under the Income-tax Act, 1961
CBDT notifies the final rules for determination of Fair Market Value (FMV) and reporting requirement for Indian concerns in respect of indirect transfer provisions u/s 9(1).
Any consideration received by start-ups from resident persons in excess of fair value of shares shall not be charged to tax as income from other sources under Section 56(2)(viib) of the Income-tax Act,1961
Cost inflation index for F.Y.2016-17 notified as 1125
Ministry of Corporate Affairs (MCA) issued a notification constituting the National Company Law Tribunal (NCLT) with effect from 1st June 2016.
CBDT has issued draft rules to compute fair market value of assets of foreign company with underlying Indian asset for computing taxability under indirect transfer of assets
Our Firm's international reach expands significantly. Morison International (MI) and KS International (KSi) have merged to form a US$1 billion strong international association. The name of the new association will be Morison KSi.
Our senior partner, Mr. Sanjay Vasudeva has been elected to the Central Council of ICAI.
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