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• Transfer Pricing Concept & The Law in India

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• Deduction u/s. 80C for tuition/school fees paid for education of children

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• Things you should know about the ETDS-ETCS

• Solutions to the errors while doing the ETDS

• Income tax Calculators from A.Y. 2001-2002 to A.Y. 2012-2013

Latest News

• Notification: S.O.2229-684 Date of Issue: 20/7/1974

  09 Feb 2012 - Notification: S.O.2229-684 In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Cent..

• S. 80HHC – SC reverses Bomaby HC judgment in Kalpataru case, DEPB Face value co..

  09 Feb 2012 - CIT vs Kalpataru Colours and Chemicals (SC) - Supreme Court has on 08.02.2012 reversed Bombay High Court Judgment in the case of CIT vs Kalpataru Colo..

• Meaning of the expression ‘gross amount’ appearing in Rule 3(1) of the Works Cont..

  09 Feb 2012 - Circular No. 150/1/2012-ST - Reference has been received from a field formation seeking clarification as to whether ‘gross amount’, for the purpos..

• SEBI amends Equity Listing Agreement – Amendment in Clause 40A, 43, 43A

  09 Feb 2012 - a. Amendment to Clause 40A -In addition to the existing methods which listed company can adopt to achieve minimum public shareholding, the listed comp..

• Correction in OLTAS / Income Tax / TDS / Direct Tax Challan, Type of Correction and P..

  09 Feb 2012 - Correction in OLTAS challan i.e. in Challan No. ITNS 280 related to payment of Income tax and Corporation tax, ITNS 281 for depositing Tax Deducted at..

• Depreciation allowed on intangible assets acquired on or after 1st April, 1998 –..

  09 Feb 2012 - ACIT Vs American Express Services India Ltd. (ITAT Mumbai) - We find that it is not in dispute that the transaction between the assessee and American ..

• Assessee to whom DTAA applies, the provisions of Income Act shall applied to the exte..

  09 Feb 2012 - Intelsat Corporation Vs. ADIT (International Taxation) - We have considered the facts of the case and submissions made before us. We have already men..

• Loss from windmill business can be set off against other heads of income

  09 Feb 2012 - DCIT Vs. M/s. Bellad & Co. (ITAT Bangalore) - The assessee is a partnership firm dealing in automobiles and Sony products and also into generation of..

• Bank Guarantee Commission not liable to TDS U/s. 194H as it is is not a transaction b..

  09 Feb 2012 - Kotak Securities Limited vs. DCIT (ITAT Mumbai) - When we look at the connotations of expression ‘commission or brokerage’ in its cognate sense, ..

• Once tax has not been deducted and even if such tax has been paid by the deductee, di..

  08 Feb 2012 - ACIT vs. DICGC Ltd (ITAT Mumbai) - Sec.201 deals with the mode of recovery of taxes and once tax due has already been paid then the same demand cannot..

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