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Archive: 24 April 2012

Posts in 24 April 2012

S.14A ITAT disallowed expenditure for year prior to AY 2008-09

April 24, 2012 1111 Views 0 comment Print

The provisions of rule 8D of the Income-tax Rules which have been notified with effect from March 24, 2008, shall apply with effect from the assessment year 2008-09; Even prior to the assessment year 2008-09, when rule 8D was not applicable, the Assessing Officer has to enforce the provisions of sub-section (1) of Section 14A. For that purpose, the Assessing Officer is duty bound to determine the expenditure which has been incurred in relation to income which does not form part of the total income under the Act.

Pre Rule 8D Expenses to earn Exempt Income to be disallowed on reasonable basis

April 24, 2012 853 Views 0 comment Print

Provisions of rule 8D of the Rules which have been notified with effect from March 24, 2008, would apply with effect from assessment year 2008-09. Even prior to assessment year 2008-09, when rule 8D was not applicable, the AO had to enforce the provisions of sub-section (1) of section 14A. For that purpose, the AO is duty bound to determine the expenditure which has been incurred in relation to income which does not form part of the total income under the Act.

Empanelment with Punjab Infotech for Third Party Audit

April 24, 2012 1891 Views 0 comment Print

Punjab Infotech invites online proposal from professional agency for Third Party Audit and SLA Monitoring of Enterprise wide ERP System at Punjab Infotech. The detailed Request for Proposal can be downloaded from our website www.etender.punjabgovt.gov.in

Tender for Appointment of Concurrent Auditor at J&KState Health Society Under NRHM for FY 2012-13

April 24, 2012 745 Views 0 comment Print

1. Sealed tenders, in two bid formats (technical and financial) are invited for appointment of Concurrent Auditor(s) of State Health Society under NRHM for the financial year 2012-13 from reputed Chartered Accountants/ Firms. 2. NIT can be obtained from the office of State Health Society, Nagrota, Jammu on any working day. Alternatively, the NIT can be downloaded from our website www.jknrhm.com .

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