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by shinewingindia

January 17, 2019

New Framework notified by RBI on External Commercial Borrowings

Background As part of ongoing efforts...

by shinewingindia

January 14, 2019

Treatment of ‘prepayment penalty’ incurred for foreclosure of existing loan and availing new loan/borrowings

Facts of the Case: The company avails...

by shinewingindia

January 14, 2019

Exception from online filing of application for lower or no withholding of tax in case of NRIs and Resident applicants

Background Section 197 and 206C(9) of...

by shinewingindia

January 14, 2019

Withdrawal of Circular No. 10/2018 dated 31.12.2018 on applicability of section 56(2)(viia) of the Income-tax Act, 1961

Background Section 56(2)(viia) of the...

by shinewingindia

January 14, 2019

Important changes through Notifications issued on December 31, 2018

1.Compulsive Reverse Charge Mechanism (R...

by shinewingindia

January 14, 2019

Exemption of dividend cannot be denied merely because payer Co. didn’t pay tax on distribution of dividends

Facts of the case: The Assessee was...

by shinewingindia

January 11, 2019

Capital gain on sale of assets contributed by partners as capital contribution would be taxable in the hands of the firm only

Facts of the case: Assessee was a p...

by shinewingindia

December 24, 2018

Bill to Ship to mode of supply may involve more than three parties

Facts of the case: A (Applicand, he mad...

by shinewingindia

December 24, 2018

Time limit preseribed for filing Country by Country Report (CbCR) by Constituent Entity

In order to standardize the documentaion...

by shinewingindia

December 22, 2018

Recommendations made during 31st GST Council Meeting

Extension of Due Dates Form Due ...

by shinewingindia

December 14, 2018

Addition of income cannot be made by AO merely on the grounds of taking tax credit by the Assessee

Facts The Assessee was following cash s...

by shinewingindia

December 8, 2018

Support services provided by Back Offices in India to MNCs Abroad does not

Clarified by The Authority for Advance R...

by shinewingindia

What is the nature of High seas sale under GST? Clarified by Authority for Advance Ruling

As per the recent AAR Ruling, following ...