Month: June 2011
633 articlesFinance
Finance
PSU banks should be made to bid for surplus funds with the state-owned firms- DPE
Finance
Finance
Govt may allow foreign individuals to invest USD 10 bn in Mutual Funds
Income Tax
Income Tax
If assessee opts not to claim exemption under s 10A(8) in one year, it cannot be denied exemption in future provided it fulfils all the conditions of s 10A
Income Tax
Income Tax
Expenditure incurred by assessee for obtaining CNG connection to facilitate process of manufacturing is revenue in nature even when payment was made as capital contribution
Service Tax
Service Tax
Service tax – Benefit of reduced penalty of 25% in appeal cases
Income Tax
Income Tax
Assessee entitled to deduction u/s 80IB(10) for residential cum commercial building approved by the local authority before insertion of clause (d) in s. 80-IB(10) w.e.f. 1st April, 2005 which is prospective and not retrospective
Corporate Law
Corporate Law
Micro Finance Institutions (Development and Regulation) Bill, 2011
Income Tax
Income Tax
Running schools by collecting huge amounts of fees with five star facilities cannot be treated as a charitable activity only on the ground that the business carried on by such institutions is the business of education
Income Tax
Income Tax
Assessee not entitled to benefit of s 220(7), wherein the income which arisen in Russia but not been brought in India and remitted to third country despite there been no restriction on remittance to India
Income Tax
Income Tax
Where the amount was advanced due to the business exigencies as per agreement executed between the parties, it cannot be considered as deemed dividend
Income Tax
Income Tax
Whether disallowance is warranted for the freight and cartage expenses incurred in cash without rejecting the books of account only on the basis of surmises and presumptions?
Income Tax
Income Tax
Whether quantum of deduction under section 80IA is directly proportional to the profits of the undertaking and hence it has nothing to do with investment made in plant and machinery?
Income Tax
Income Tax
Assessee entering into separate agreements for supply of materials, erection and for civil work portion, etc.-No tax deducted on payment made for supply of materials-Applicability of section 194C
Income Tax
Income Tax
