- Monday, June 8, 2009, 17:01
- GST
- 341 views
In its recent Budget Maharashtra State Govt. And its Finance Minister offered a mixed bag for the industry, trade and individuals subjected to professional tax. Keeping in mind not the economic slowdown but the forthcoming State Assembly polls in October, the Finance Minister, Mr Dilip Walse Patil has announced exemption of salary upto Rs 5000 [...]
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- Thursday, October 16, 2008, 2:47
- Income Tax
- 27 views
Hawkins Cookers vs. ITO (ITAT Mumbai) - when the adjustments are made in the valuation of inventories, this will affect both the opening as well as closing stock. Whatever adjustment is made in the valuation of closing stock, the same will be reflected in the opening stock also irrespective of any consequences on the computation of income for tax purposes. The Tribunal further noticed that Section 145A starts with the non-obstante clause "Notwithstanding anything to the..
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