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How did the famous musical band BEATLES inspire GST maker?
Goods & Services Tax onDo you know, there is a particular song that radio disc jockeys and TV news reporters, post offices in the US, play in the days very close to April 15? Its a song composed by George Harrison of the famous band "Beatles". Why do they play it? Because it talks of taxman... and... April 15 is the last date of filing tax returns by US individuals... You would be amused to hear the lyrics... they are there in the article...
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ITAT held transaction was exempt u/s 10(38)
Income Tax on Jun. 02, 2016Assessee private trust claimed exemption on LTCG on sale of Tech Mahindras shares. AO disallowed the claim. CIT(A) allowed assessee's appeal. ITAT held that its Coordinate Bench had considered the issue u/s 10(38). It held held that shares were traded on BSE and share transaction tax) was paid on it, and the transaction was exempt u/s 10(38). -501632
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ITAT quashed the shifting the base of markup, and the addition by AO
Income Tax on Jun. 02, 2016Assessee, an Indian Company, a subsidiary of a Mauritian company, provided buying services to its AEs. It paid service charges at costs with a 8% markup. TPO noticed that assessee was allowed commission @8% on costs incurred for its sourcing activities. TPO changed base from costs incurred to FOB value of exports on which 8% markup was charged. DRP restricted it to 6%. ITAT quashed the shifting the base of markup, and the addition by AO.
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The Strategic Control
Others on Mar. 20, 2018Organisations formulate strategy in order to develop a framework to achieve their business goals. In this sense, the strategic plan provides the guideline for the organization to facilitate the coordination among employees.
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