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Archive: 24 January 2010

Posts in 24 January 2010

Financial Inclusion -Series 2 (Product Designing @ Target Costing)

January 24, 2010 2055 Views 0 comment Print

Promoting Financial Inclusion can be made through Innovative Policies in partnership with efficient cost management and product designing using target costing keeping consumers purchasing parity. Cost management is an old term where the most common meaning derived from this is the saving cost only. But with changing times it has been modified and more modification resulted to higher research on cost management techniques and strategies.

Sudden Selling Trigger

January 24, 2010 660 Views 0 comment Print

It time for a profit booking. Sound pretty harsh and surprised that I have started the topic with a bang of sell trigger. Yes you are correct to read what I wrote. Last week the equities markets in US and Asian economies went for a vacation of free fall. We saw Indian browsers and other Asian markets went for a profit booking followed with US markets.

Surplus arising to a partner from transaction of contribution of land held by it to a firm as capital contribution shall be taxable u/s 45

January 24, 2010 2756 Views 0 comment Print

and contributed by the assessee to a firm towards capital contribution should be treated as stock in trade even during the course of making the transaction of transferring or contributing the land to the partnership firm as capital contribution, the surplus arising to the assessee from the said transaction of contributing stock in trade

Payment made by a member to its stock exchange for VSAT/ Lease line/BOLT/ Dem at charges is not fee for technical services u/s194J

January 24, 2010 4492 Views 0 comment Print

For the purposes of this clause, fees for technical services means any consideration (including any lump sum consideration) for the rendering of any managerial, technical or consultancy services (including the provision of services of technical or other personnel) but does not include consideration for any construction, assembly

Settlement Commission is given power U/s. 245H to reduce penalty but same need to be exercised judiciously and not arbitrarily

January 24, 2010 930 Views 0 comment Print

it will be in the interest of justice to set aside the final order passed by the Settlement Commission and to remand the matter back to the Settlement Commission for hearing parties afresh and to pass orders as per law. Facts and circumstances noted in respect of writ petition no.2191 of 1999 are also relevant for the remaining writ petitions

Writ petitions are not maintainable where issue involved is essentially a question of fact under provisions of IT Act, 1961 and Rules framed thereunder

January 24, 2010 1303 Views 0 comment Print

Therefore, since the writ petitions are now dismissed and liberty has been granted to approach the Department, the petitioners granted four weeks time to approach the concerned authority under the provisions of the Act seeking for appropriate remedy. Till such time, the respondents shall not initiate

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