Month: June 2011
633 articlesIncome Tax
Income Tax
Pune ITAT – Portfolio management (PMS) fees deductible in computing capital gains ; Shares PMS transaction gains are Short Term Capital Gain and not business profits
Fema / RBI
Fema / RBI
RBI Changes/ Liberalize / Rationalize Regulations related to overseas direct investment by Indian parties (A.P. (DIR Series) Circular No. 69)
Goods and Services Tax
Goods and Services Tax
In works contract between contractor & sub-contractors only one is liable to pay tax
Income Tax
Income Tax
Govt to declare tax offences criminal if the source of income is illegal
Income Tax
Income Tax
Penalty paid by a registered broker is not a fine for any infringement of law and hence allowable- ITAT Mumbai
Income Tax
Income Tax
Even if there is no evidence to the effect that the borrowed forex loan was utilised for the purpose of business, the loss arising out of foreign exchange fluctuation can be allowed based on past history
Income Tax
Income Tax
A person who has completed ten years as a Member of Tribunal is ineligible to be re-appointed as Member even if he has not attained 65 years of age – SC
DGFT
DGFT
Review of the Deemed Export Policy-inviting comments from Members of Trade
Income Tax
Income Tax
Once the Transfer Pricing Officer accepted arm’s length price of royalty payments, the Assessing Officer could not examine the reasonableness of the said expenditure for disallowance
Income Tax
Income Tax
Transfer of intangible assets with right to carry on business is taxable as capital gains and not as business income
Income Tax
Income Tax
Expression ‘liable to tax’ used in the India-UAE tax treaty does not necessarily imply that person should actually be liable to tax in UAE
CA, CS, CMA
CA, CS, CMA
ICAI to question SBI on excess provisions in March quarter
Fema / RBI
Fema / RBI
RBI best positioned to maintain financial stability but needs autonomy- Subbarao
Finance
Finance
