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Day: October 16, 2011

11 articles
Income TaxAssessee is entitled to deduction for society charges for the property given on rent
Income Tax

Assessee is entitled to deduction for society charges for the property given on rent

TG Team15 years ago
Income TaxRevisional power under Section 263 of the Act cannot be exercised even if there is inadequate enquiry on the part of AO
Income Tax

Revisional power under Section 263 of the Act cannot be exercised even if there is inadequate enquiry on the part of AO

TG Team15 years ago
Income TaxScrap not generated out of manufacturing activities carried out by assessee-Whether tax deductible under section 206C
Income Tax

Scrap not generated out of manufacturing activities carried out by assessee-Whether tax deductible under section 206C

TG Team15 years ago
Income TaxLoss of investment not  allowable as business loss and for  claiming an amount as bad debt conditions specified in section 36(2)(i) are required to be fulfilled
Income Tax

Loss of investment not allowable as business loss and for claiming an amount as bad debt conditions specified in section 36(2)(i) are required to be fulfilled

TG Team15 years ago
Income TaxAO based on the report of the Inspector without giving an opportunity to the assessee to explain the alleged information, is not correct
Income Tax

AO based on the report of the Inspector without giving an opportunity to the assessee to explain the alleged information, is not correct

TG Team15 years ago
Income TaxInterest under section 234C not leviable where the cheques were deposited in time but encashed after due dates
Income Tax

Interest under section 234C not leviable where the cheques were deposited in time but encashed after due dates

TG Team15 years ago
Income TaxRetraction of statement cannot be made even without any strong supporting evidence and mere mention of ill health not sufficient to disprove the contents of nine month old statement
Income Tax

Retraction of statement cannot be made even without any strong supporting evidence and mere mention of ill health not sufficient to disprove the contents of nine month old statement

TG Team15 years ago
Corporate LawGovt committed to make RTI more effective – PM
Corporate Law

Govt committed to make RTI more effective – PM

TG Team15 years ago
Corporate LawRBI raises per transaction limit to 3,000 USD for exporters, Paypal transaction limit too increased
Corporate Law

RBI raises per transaction limit to 3,000 USD for exporters, Paypal transaction limit too increased

TG Team15 years ago
Income TaxCBDT to focus on high profit-making segments of the economy to achieve tax collection target
Income Tax

CBDT to focus on high profit-making segments of the economy to achieve tax collection target

TG Team15 years ago
Goods and Services TaxStates to impose VAT on textiles and sugar next year onwards
Goods and Services Tax

States to impose VAT on textiles and sugar next year onwards

TG Team15 years ago