Month: January 2011
595 articlesIncome Tax
Income Tax
Invoking provisions of section 80-IA(10) does not arise in case there are no transactions by assessee with any other person
Income Tax
Income Tax
INDO-UAE DTAA: Mere physical presence of non-resident’s vessel in territorial waters of India pursuant to hiring of vessel on Bareboat Charter terms by applicant does not, without anything more, constitute a permanent establishment
Income Tax
Income Tax
Housing project for purpose of section 80-IB(10) does not include construction of commercial establishment carried out by another entity in that area
Income Tax
Income Tax
Indo-Mauritius DTAA – Applicant is not liable to be taxed in India on proposed transfer of its shares in an Indian Company to its wholly owned subsidiary company in India
Income Tax
Income Tax
Indo-German DTAA – As per new Treaty, income from supervision activity like construction & installation of a project is to be treated as income of PE provided that said activity continues for a period exceeding six months as per article 5(2)(i) of DTAA
Income Tax
Income Tax
For purposes of clause (iv) of Explanation 1 to section 115JB, extent of reduction in respect of deduction available under section 80HHC has to be computed strictly in accordance with provisions of section 80HHC
Income Tax
Income Tax
Activity of preparing bouquets from natural flowers does not bring into existence commercially a different product and hence is not `manufacture’ for purpose of section 2(17) of Bombay Sales Tax Act, 1959
Income Tax
Income Tax
Provisions of TDS Chapter (Chapter XVII) are relevant only for ascertaining deductibility of tax at source and not for actual deduction and payment for attracting provisions of section 40(a)(ia)
Income Tax
Income Tax
Bad debt – Amount receivable by a share broker from his clients against purchase of shares when not recovered can be allowed as bad debt
Income Tax
Income Tax
