Day: January 3, 2010
14 articlesIncome Tax

Income Tax
Business of providing services in connection with the prospecting for or extraction or production of mineral oil governed by Section 44BB
Income Tax

Income Tax
Assessing Officer can examine the entries in respect of writing off of bad debt or part thereof by assessee
Income Tax

Income Tax
Set off of long term capital loss with indexation against long term capital gains without indexation is allowable
Income Tax

Income Tax
S. 220(2) Interest chargeable with reference to due date reckoned from original notice of demand
Income Tax

Income Tax
Applicability of rule of limitation in respect of appeal filed after an inordinate delay without reasonable cause
Income Tax

Income Tax
S. 41(1) applies only to trading liability not to other types of liabilities
Income Tax

Income Tax
If refund is legitimately due to assessee, mere delay should not defeat claim for refund
Service Tax

Service Tax
There is no provision for adjustment for short payment of service tax of earlier period against excess payment of service tax in subsequent period
Income Tax

Income Tax
For a debt to be classified as bad, assessee has only to write it off as irrecoverable in its accounts
Company Law

Company Law
A Brief on Complications under Section 397/398 of Companies Act, 1956 – Indian Company Law
Income Tax

Income Tax
Under “block of assets” even a closed unit is eligible for depreciation
Finance

Finance
Many Companies following financial year from January-December extended their accounting period to follow April-March cycle
CA, CS, CMA

CA, CS, CMA
ICAI president message on Synergy with C&AG, New Branches, Membership Restoration, Student Initiatives, Training of Articled Assistants Abroad, Form 112, IFRS Convergence, Companies Bill, 2009 etc
Income Tax

Income Tax
