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  • Tax Relief and Strategies: ITAT's Landmark Ruling on Short Term Capital Loss and Higher Taxable Gains

    Tax Relief and Strategies: ITAT's Landmark Ruling on Short Term Capital Loss and Higher Taxable Gains

    Introduction  The Income Tax Act, 1961 (the Act) includes provisions for the set off of losses under sections 70 and 71 for taxpayers who have incurred losses during the year. Section 70 allows for intra-head set off, meaning that losses

    NovoJuris
    By NovoJuris 6 months ago
  • Regulatory Update:  Ministry of Finance - Relaxes MAT Provisions for Companies Facing Insolvency

    Regulatory Update: Ministry of Finance - Relaxes MAT Provisions for Companies Facing Insolvency

    The Ministry of Finance vide its press release dated 6 January 2018 has informed that representations are received from the companies against whom an application for corporate insolvency resolution has been admitted by the adjudicating authority under section 7, 9

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