"24 November 2007" Archive

Depreciation not allowable till clearance by Customs – SC

Nothwithstanding the fact that the imported Rolls Royce car gathered dust at the Customs godown for nine long years due to non-clearance, the importer would still not be entitled to any depreciation, the Supreme Court has held. ...

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Posted Under: Income Tax |

Calling ID safe browsing toolbar

CallingID safe browsing toolbar automatically shows whether sites visited are real and safe to login, submit personal information to or deal with. It displays the site owner's name and physical address and a risk indication for safe e-commerce and online banking. Calling ID checks if the site owner is actively conducting business. Problem...

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Posted Under: Income Tax |