Monday, March 30, 2020

Remuneration to Non-executive Directors and Independent Directors in Case of Absence or Inadequacy o

One of the major amendment proposed by the Companies (Amendment) Act, 2020 (at present, it is bill)is with regard to remuneration to independent directorand non-executive directors in Case of Absence or Inadequacy of Profits. In this write-up, author has analysed the impact of such amendment.

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...