Month: August 2011
575 articlesIncome Tax
Income Tax
Benefit of s 43B(a) cannot be denied to the assessee on the ground that the excise duty was paid in advance in accordance with the mercantile system of accounting
Income Tax
Income Tax
Income Tax Department to share PAN database with NATGRID
Finance
Finance
FM – Confident to Achieve Appreciable Growth Despite Negative Sentiments Across the World;
Income Tax
Income Tax
No Tax On Supply Profits Despite Permanent Establishment in India – AAR
Income Tax
Income Tax
e-Filing for AY 10-11 – Quick Statistics (as on 31st July 2011)
Corporate Law
Corporate Law
Government considering proposal to extend EPF to all companies with over 10 employees
Corporate Law
Corporate Law
Opening of multi-brand retail to foreign investment moved one more step
Income Tax
Income Tax
If there is no failure to disclose fully and truly all material facts necessary for the purpose of the assessment, then the reopening of the assessment beyond four years from the end of the relevant assessment year is unsustainable
Income Tax
Income Tax
Interest paid by the assessee, on account of an investment in its sister concern from borrowed funds for the acquisition of shares in a subsidiary company in order to have control over that company, is eligible for a deduction under s 36(1)(iii)
Income Tax
Income Tax
Expenditure incurred on the total reconditioning and overhauling of the machinery, which had outlived its utility, by replacing many vital parts in order to make the same functional cannot be treated as current repairs
Income Tax
Income Tax
When assessee is already granted exemption u/s 10(23C)(vi), fresh application of exemption cannot be rejected
Income Tax
Income Tax
Opportunity of being heard is required to be given to the director of the private limited company before initiation of recovery proceedings pursuant to the issuance of a notice under s 179(1)
Income Tax
Income Tax
When assessee fails to rebut the addition made by the AO in respect of undisclosed income found during the search and also chooses not to file appeal against the huge quantum addition, penalty is warranted in such circumstances
Income Tax
Income Tax
