Month: June 2011
633 articlesIncome Tax
Income Tax
Poultry Sheds used for the business of hatching constitutes ‘Plant’ for the purpose of depreciation under section 32
Corporate Law
Corporate Law
Partners liable to prosecuted u/s. 278B if there are specific averments in complaint that they were responsible for every act or act of omission and commission of the firm at the time when offence was committed
Company Law
Company Law
MCA issues Clarification on Dispute Between SEBI and Sahara Group
Income Tax
Income Tax
Taxpayer’s functional profile and place in the value chain can be a key determinant of the parameters of economic analysis
Income Tax
Income Tax
Inactivity for a limited period does not mean that business ceased to exist. Accordingly, expenditure is allowable even though no business income is earned during such period
Fema / RBI
Fema / RBI
Repatriating foreign nationals permitted to retain India bank account
Income Tax
Income Tax
Access to information on Swiss accounts made easier by Swiss Parliament
Income Tax
Income Tax
When AO has accepted higher agricultural income in the previous AY, it cannot reject the income declared on basis of general information collected from Chief Agriculture Officer and without confronting on the same with the assessee
Income Tax
Income Tax
Allowability of expenditure incurred on higher education abroad of grandson of firm’s partners working there as an apprentice
Income Tax
Income Tax
Where amount received in advance for a service which is to be performed in subsequent year, the advance could not be taken as income in the year of receipt
Income Tax
Income Tax
Whether Trust entitled to exemption u/s 11 and 12 for amount received as corpus fund as it is not a taxable amount though deposited with sister concern in violation of section 11(5)
Income Tax
Income Tax
An order passed under sub-section (6) or (7) of s 206C is appealable under s 246 (now s 246A) of the Income-tax Act
Income Tax
Income Tax
Recording of satisfaction necessary for CIT before rejection of assessee’s application for waiver of Interest and Penalty
Fema / RBI
Fema / RBI
