Month: July 2011
584 articlesCA, CS, CMA
CA, CS, CMA
May 2011 PCE and IPCC Examination Results likely on 8th August, 2011
CA, CS, CMA
CA, CS, CMA
ICAI decides to waive off the cost of application form (i. e, Rs 500/-) in respect of candidates who fill in their Examination forms online
DGFT
DGFT
Stay on operation of Trade Notice No. 13 dated 27.07.2011 for export of non-Basmati rice
Income Tax
Income Tax
When deductions claimed by the assessee are debatable, rectification order u/s 154 cannot be passed
Income Tax
Income Tax
When assessee has made surrenders in the previous years, then AO can not make addition by treating the cash deposited in banks as undisclosed
Income Tax
Income Tax
Derivative transaction entered prior to notification defining Recognised Exchanges is also eligible to be treated as non speculative transaction
Income Tax
Income Tax
S. 40(b) Interest on deposits for availing bank guarantee is business income
Income Tax
Income Tax
Reasons are required to be recorded by the AO on valid material and an assessment cannot be reopened on mere assumptions
Income Tax
Income Tax
For the levy of FBT, the application of s 115WC(2)(b) cannot be restricted only to the business relating to civil construction and it will cover the business activity of the assessee carried on
Income Tax
Income Tax
Depreciation on pre-operative expenses allocated to fixed assets is allowable under s 32 since expenses were incurred for setting up of fixed assets during the trial run
Income Tax
Income Tax
Only profit on the sale of the licence should be chargeable to tax under s 28(iiia) and not the profit which may come in the future on the sale of the licence
Finance
Finance
Lokpal Bill government’s top priority,will be introduced in Lok Sabha by 3rd August 2011
Income Tax
Income Tax
Income arising to foreign company by way of fees for technical services – Notified foreign company – EADS Deutschland GmbH, Germany notified u/s 10(6C) of The Income Tax Act
SEBI
SEBI
