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Tag: llp

India: Slump Sale Tantamount To Succession And Therefore Claim Of Depreciation To Be Restricted To WDV As Appearing In Books Of Transferor - BDO India LLP

2020-08-10 09:01:18| Mondaq.Com

While the taxability of slump sale in the hands of a seller is clearly spelt out by the provisions of section 50B of the Income-tax Act, 1961, the law seems to be ambiguous when it comes to the buyer.

Tags of books sale india

India: Supreme Court Holds Project Office Undertaking Non-core Activities In India Does Not Constitute Permanent Establishment - BDO India LLP

2020-08-10 08:58:56| Mondaq.Com

Supreme Court holds Project Office undertaking non-core activities in India does not constitute Permanent Establishment

Tags office project activities court

India: GAAR Provisions Cannot Be Applied Retrospectively - BDO India LLP

2020-08-10 08:53:34| Mondaq.Com

As a deterrent to tax avoidance, Indian tax law incorporated General Anti-Avoidance Rules (GAAR) provisions, effective for transactions entered from fiscal year 2017-18.

Tags india applied provisions llp

UK: Distressed Art Sales Amid Covid-19 Squeeze - Charles Russell Speechlys LLP

2020-08-10 08:51:30| Mondaq.Com

Last week British Airways sold 17 major artworks from its collection of over 1,500 pieces at two separate Sotheby's sales.

Tags art sales charles russell

United States: House Appropriations Bill Seeks To Hamstring SEC On Significant Proposals And Rules - Cooley LLP

2020-08-10 08:49:39| Mondaq.Com

You might think Congress would be too busy these dayswhat with a pandemic raging across the U.S., looming economic catastrophe and spiraling unemploymen...

Tags united house states united states


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