On the face of impending global recession and gloom, we need to strike a balance by closely monitoring the current situation and supporting business flow and sustainability at the same time
Ali Reza Iftekhar On the face of impending global recession and gloom, we need to strike a balance by closely monitoring the current situation and supporting business flow and. | November 20, 2022
The Indian Union Budget made some significant changes that will affect taxpayers, as Ranjeet Mahtani, Saurabh Shah, and Meetika Baghel of Dhruva Advisors explain.
Supreme Court (SC) The Supreme Court (SC) has voided a 2011 revenue regulation that effectively limited or reduced the operational costs which may be deducted by banks and other financial institutions in the computation of their taxable income. Voided by the SC was Revenue Regulation (RR) No. 4
THE Supreme Court has declared void for being issued beyond its authority a 2011 revenue regulation of the Department of Finance (DOF) that limited the allowable deductions for costs and expenses of banks and other financial institutions for purposes of computing taxable income. The 22-page decision penned by Associate Justice Rodil Zalameda…