Month: October 2010
425 articlesIncome Tax
Income Tax
If the funds of the business are parked for safe keeping or with a view to earn interest income de-hors the business activity, the interest resulting there from cannot assume the character of business income but it would fall under the head "income from other sources"
Income Tax
Income Tax
It is not any and every material, howsoever, vague and indefinite or distant, remote or far-fetched, which would warrant formation of belief relating to escapement of income of assessment
Income Tax
Income Tax
Compensation from former employer for not carrying on business is not profits in lieu of salary
Company Law
Company Law
Breach of contract would not constitute ingredients of a complaint under sections 397,398, 402 & 403 of Companies Act, 1956
Income Tax
Income Tax
When Commissioner as Revisional Authority u/s.263 seeks to exercise his jurisdiction on matters which did not form subject of order of reassessment, period of limitation would begin to run from original order of assessment
Income Tax
Income Tax
Assessment order which gives effect to a binding precedent cannot be regarded as being erroneous or prejudicial to interests of Revenue
Income Tax
Income Tax
Compensation including interest on cancellation of contract not taxable in absence of PE
Income Tax
Income Tax
Save Tax – Invest in Long Term Infrastructure Bonds (Section 80CCF)
Income Tax
Income Tax
Save tax up to Rs. 6000- Invest in Long Term Infrastructure Bond
Goods and Services Tax
Goods and Services Tax
