Month: October 2011
390 articlesCA, CS, CMA
CA, CS, CMA
Announcement Regarding Compliance with Paragraphs 61 and 62 of the Standard on Review Engagements (SRE) 2410
Fema / RBI
Fema / RBI
Inclusion of Credit under Kisan Credit Card (KCC) under direct financing for Agriculture
Income Tax
Income Tax
When assessee follows project completion method as per AS-7, it is entitled to set off receipts from sale of TDR against costs of work-in-progress and such amount taxable in the year of receipt
Income Tax
Income Tax
Waiver of unsecured loan is a capital receipt non chargeable to tax
Income Tax
Income Tax
Deduction u/s 80IA and 80HHC are to be calculated independently on the eligible profits
SEBI
SEBI
SC asks retailers to pay 50% of outstanding service tax
Income Tax
Income Tax
Revisional Authority have no jurisdiction to initiate proceedings u/s. 263
Income Tax
Income Tax
Penalty cannot be imposed without AO’s Finding on ‘Inaccurate Particulars’
Corporate Law
Corporate Law
Person facing criminal cases cannot be considered suitable for appointment in government service – Supreme Court
Income Tax
Income Tax
CBDT releases discussion Paper on Tax Accounting Standards (Tax Accounting for Construction Contracts and Government Grants)
Income Tax
Income Tax
India and Philippines to Sign DTAA Soon – FM
Income Tax
Income Tax
If search warrant mentions name of all partners of firm, search can be conducted in partners premises too
Custom Duty
Custom Duty
Onus to prove under-valuation is on revenue but once revenue discharges burden of proof by producing evidence of contemporaneous imports at higher price, onus shifts to importer to establish that price indicated in invoice relied upon by him is correct – SC
Company Law
Company Law
