Day: August 23, 2010
31 articlesIncome Tax

Income Tax
Giving of reasons is an essential element of administration of justice
Income Tax

Income Tax
Where employer bank has given loan to employees at rate of interest lower than SBI lending rate, value of concessional loan is taxable as perquisite
Income Tax

Income Tax
It is not imperative for assessee-bank to close individual account of each of it’s debtors in it’s books for claiming deduction U/s. 36(1)(vii)
Income Tax

Income Tax
There is nothing in section 112 which would deprive assessee of indexation claimed on sale of shares where there was a resultant loss
DGFT

DGFT
Modification of ANF5A, ANF5B, Appendix 26 and Appendix 26A in Handbook of Procedures Vol.1 (RE:2010)
Company Law

Company Law
Expression "issue and transfer of securities and non-payment of dividend" in section 55A of Companies Act covers misstatement in prospectus
Income Tax

Income Tax
There cannot be a further liability fastened on a proprietary concern in respect of credit entries which have already suffered tax in hands of a company with which said concern got merged
Income Tax

Income Tax
Bar provided in section 80-IA(3) is to be considered only for first year of claim of deduction u/s 80-IA
DGFT

DGFT
Amendment in ANF8 Appendix 14-I-G and deletion of Appendix 14-II
Income Tax

Income Tax
Section 244A r.w. Explanation thereto does not exclude payment of interest on refund of self assessment tax
DGFT

DGFT
Amendment of ANF 4A and Appendix 11A, related to Advance Authorisation Scheme
Finance

Finance
New bill for voting rights to NRIs introduced
Custom Duty

Custom Duty
Government Panel recommends Customs duty cut on rubber imports
DGFT

DGFT
