Month: February 2012
456 articlesIncome Tax

Income Tax
Immunity U/s. 271AAA(2) cannot be only because entire tax, along with interest, was not paid before filing of income tax return
Income Tax

Income Tax
Payments to outside lawyers which was not claimed as deductions in computation of profits cannot be disallowed under section 40(a)(ia)
Income Tax

Income Tax
No addition for G.P. shortfall if assesee explains sales / Purchase difference
Income Tax

Income Tax
India Ratifies the Multilateral Convention on Mutual Administrative Assistance in Tax Matters
Corporate Law

Corporate Law
Amendments to the Combination Regulations – Relief to Corporate entities by making process of filings simpler
Income Tax

Income Tax
Section 194C not applies to hiring or renting of equipment
Company Law

Company Law
Petition U/s. 397 filed by Minors alleging oppression & Mismanagement is not maintainable
Service Tax

Service Tax
CENVAT Credit balance cannot be used for paying service tax by recipient of GTA services
Income Tax

Income Tax
Assessee entitled to claim deduction both under Sec.36(1)(vii) and Sec.36(1)(viia) of the Act but amount of deduction shall not exceed the amount by which such debt or part thereof exceeds the credit balance in the provision for bad and doubtful debts account
Income Tax

Income Tax
