Month: March 2012
850 articlesIncome Tax

Income Tax
Sum or property received by HUF from members not taxable
Income Tax

Income Tax
Fair market value shall be deemed full value of consideration if actual consideration not attributable or determinable
Income Tax

Income Tax
Capital gain on amalgamation – No need for issue of share by amalgamated company to amalgamating subsidiary company
Income Tax

Income Tax
No requirement of issue of shares where resulting company itself is a shareholder of demerged company
Income Tax

Income Tax
AO can refer valuation officer if in his opinion value taken on 1.4.1981 is higher than fair market value
Custom Duty

Custom Duty
Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996, amended
Custom Duty

Custom Duty
Duty Fee Baggage Allowance for passengers above ten years enhanced to Rs. 35,000 from Rs. 25,000 and for those below ten years from 12,000 to 15,000
Custom Duty

Custom Duty
Acetate tow and Filter Rod – Exemption from Prohibition – Amendment to Notification No. 16/2011 Custom NT, Dated: 1.3.2011
Income Tax

Income Tax
HUF eligible to S.54B benefit on Capital gain from sale of agricultural land
Income Tax

Income Tax
