Day: September 4, 2011
29 articlesCA, CS, CMA
CA, CS, CMA
ICAI and Other Examining bodies should get tuned to RTI Act – SC
Income Tax
Income Tax
India cannot have a treaty with Switzerland under which the deposits of Indians in Swiss banks would be taxed by European nation – CBDT
Income Tax
Income Tax
Loss arising on year-end valuation of an interest rate swap allowable as a deduction – ITAT Mumbai
Goods and Services Tax
Goods and Services Tax
M/s M.R. Tourist Home & Ors. Vs. Sales Tax Officer & Ors. (Supreme Court)
Income Tax
Income Tax
Interest income on trade advance given by a credit institution towards purchase of machinery for which the delivery is delayed, is not covered under the definition of ‘interest’ as defined u/s 2(5A)
Income Tax
Income Tax
Allowance cannot be made merely because future payments were made out of the funds said to be kept in the suspense account
Income Tax
Income Tax
Depreciation at the rate of 50% cannot be claimed in respect of vehicles given on lease
Income Tax
Income Tax
In case of loss making company valuing goodwill at 10% of the total consideration, without any material on record not sustainable
Income Tax
Income Tax
Compensation received for the mere loss of profits will be a revenue receipt, while the compensation received for the loss of a source of income would be capital receipt
Income Tax
Income Tax
Sale proceeds’ in Sec 10A also means net proceeds if the goods are purchased from foreign buyers on credit and assessee is entitled to benefits u/s 10A
Income Tax
Income Tax
Whether the disallowance is rightly made u/s 14A by applying rule 8D prior to the amendment?
Income Tax
Income Tax
Fees from technical services provided by non-resident-When taxable in India
Income Tax
Income Tax
Assessee not entitled for deduction u/s 80HHC in respect of DEPB income if one of the condition of third proviso to section 80HHC(3) not satisfied
Income Tax
Income Tax
