January 16, 2011 - TaxGuru
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Day: January 16, 2011

39 articles
Fema / RBI
Fema / RBI

Some banks not monitoring use of loans- RBI

TG Team16 years ago
Fema / RBI
Fema / RBI

Citibank fraud – RBI probes possible violation of KYC, STR norms

TG Team16 years ago
CA, CS, CMA
CA, CS, CMA

Empanelment with Navodaya Vidyalaya Samiti of CA Firms for Internal Audit Work

TG Team16 years ago
Income TaxDepreciation allowable on Assets forming part of Block of Assets even if same not used during the year
Income Tax

Depreciation allowable on Assets forming part of Block of Assets even if same not used during the year

TG Team16 years ago
Income TaxEven if commercial transaction is at arms’ length, debt overdue for long period attracts transfer pricing interest
Income Tax

Even if commercial transaction is at arms’ length, debt overdue for long period attracts transfer pricing interest

TG Team16 years ago
Income TaxNo Disallowance u/s. 14A  of interest on borrowed funds if AO does not show nexus between borrowed funds and tax-free investment
Income Tax

No Disallowance u/s. 14A of interest on borrowed funds if AO does not show nexus between borrowed funds and tax-free investment

TG Team16 years ago
Income TaxException provided in both the provisos of s. 92C(2) with regard to the +/- 5 Percent variation applies only when more than one price is determined
Income Tax

Exception provided in both the provisos of s. 92C(2) with regard to the +/- 5 Percent variation applies only when more than one price is determined

TG Team16 years ago
Income TaxMinor irregularities (non-production of vouchers) cannot be a ground for rejection of renewal of recognition of a charitable trust under section 80G
Income Tax

Minor irregularities (non-production of vouchers) cannot be a ground for rejection of renewal of recognition of a charitable trust under section 80G

TG Team16 years ago
Income TaxA computer software when put into a media and sold, it becomes goods like any other audio cassette
Income Tax

A computer software when put into a media and sold, it becomes goods like any other audio cassette

TG Team16 years ago
Income TaxPayment for warding off competition in business even to a rival dealer will constitute capital expenditure and to hold them capital expenditure it is not necessary that non-compete fee is paid to create monopoly rights
Income Tax

Payment for warding off competition in business even to a rival dealer will constitute capital expenditure and to hold them capital expenditure it is not necessary that non-compete fee is paid to create monopoly rights

TG Team16 years ago