Day: December 2, 2010
21 articlesIncome Tax
Income Tax
If documents asked for are relevant and may help delinquent to prepare his/her defence they have to be furnished
Income Tax
Income Tax
Foreign travel tax- If any person fails to pay FTT within statutory period of fifteen days, then such person is well within sweep of words "failure to pay" u/s 38(3) of Finance Act, 1979
Income Tax
Income Tax
An income, so as to be characterized as `derived from’ an undertaking u/s 80-IA, should directly result from its operations
Service Tax
Service Tax
Denial of Cenvat on GTA service just because duty on goods been paid on assessable value determined u/s. 4A of Excise Act
Income Tax
Income Tax
Section 147 of Income-tax Act – Unless twin conditions of proviso to section 147 are satisfied, notice issued under section 148 is without jurisdiction and on that ground alone notice is liable to be quashed
Income Tax
Income Tax
Section 35D of Income-tax Act – Premium collected by assessee on issue of its share capital has to be excluded for purpose of determining amount of capital employed in business of company while computing deduction under section 35D(3)
Income Tax
Income Tax
Fee for conducting feasibility study for oil extraction project should be taxed u/s. 44BB
Income Tax
Income Tax
While forming opinion that a prima-facie case exists, the Commission has to indicate reasons which need not be elaborate but should be sufficient to show application of mind
Goods and Services Tax
Goods and Services Tax
GST – Voltage stabilizer is electronic goods for purpose of taxation under U.P. Trade Tax Act
Income Tax
Income Tax
Merely because assessee had its own ample resources at its disposal, it cannot be denied deduction in respect of interest paid on borrowed funds
Finance
Finance
How to disclose on interest payable under sections 234B/ 234C of Income-tax Act
Finance
Finance
Consideration of Loan convertible in equity shares in case of default in calculation of EPS
Custom Duty
Custom Duty
Seeks to provide provisional assessment of import of Bus and Truck Radial Tyres exported by certain companies of china PR
Finance
Finance
