Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT Audit :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: TDS :: due date for vat payment :: form 3cd :: VAT RATES
 
 
General »
 Advance tax payout by top cos grows just 2% in Sept quarter
 Why abolishing personal income tax may not be a good idea
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman

ITAT upholds NDTV's tax plea
August, 24th 2016

New Delhi Television (NDTV) has got partial relief from Income Tax Appellate Tribunal (ITAT) in a case related to payment of income tax. The ITAT has disallowed a tax claim by the Income Tax department in excess of Rs 22 crore from the Delhi-based media company for the assessment years 2007-08 and 2008-09.

Earlier, the firm got tax relief under the same case from ITAT for AY2006-07. The I-T department had disallowed expenditure aggregating in excess of Rs 50 crore incurred by the media company during AY2006-07 and AY2010-11.

While, the I-T department added Rs 22.09 crore on NDTV's tax bill for the two assessment years. ITAT has asked the firm to pay Rs 12,00,000. It has "also asked the tax officer to allow additional allowance of employee stock ownership plan (ESOP) expenses. According to the claim of ESOP expenses now allowed to NDTV is Rs 43.53 crore as against original claim of Rs 21 crore. This will mean NDTV will pay even lower tax than earlier", the company informed the Bombay Stock Exchange.

After the recent order by ITAT, I-T department's additional tax claims has been disallowed for three consecutive years - AY 2006-07 to 2008-09. While, for the AY 2006-07 was struck down by the ITAT earlier, the I-T department had approached the Delhi high court against the order. The Delhi HC dismissed the appeal in July, 2016. Tax claims related to the next two assessment years are still under ITAT's purview.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions