electricity charges

Where on account of the transfer of an employee from one place to another, he is provided with accommodation at the new place of posting while retaining the accommodation at the other place, the value of perquisite shall be determined with reference to only one such accommodation which has the lower value for a period not exceeding 90 days and thereafter the value of perquisite shall be charged for both such accommodation. Full Article

In general the perception is that income of Co–operative Societies is not chargeable to tax and therefore many societies do not bother to take PAN No. & file Income Tax returns. This is a wrong perception since though certain types of income of CHS are exempt there are other incomes which are chargeable to Tax. Full Article

CASE LAW DETAILS Decided by: ITAT, BANGALORE BENCH `B’ ,  In The case of: ACIT v Khoday India Ltd,  Appeal No.: ITA No. 338/Bang/08, Decided on: December 12, 2008 RELEVENT PARAGRAPH 4.1     The Assessing Officer from the details filed noticed that the assessee has claimed a sum of Rs.3,24,91,003/- as deferred revenue expenditure. The assessee vide letter dated 15th [...] Full Article