Day: October 31, 2012
14 articlesIncome Tax

Income Tax
Depreciation is to be allowed even if not claimed in Return
Excise Duty

Excise Duty
No prescribed time-limit for taking Cenvat credit
Income Tax

Income Tax
Loss from trading in Shares to Dr. Reddy held as speculative in view of Explanation to S. 73
Income Tax

Income Tax
Asessee can claim Deduction of Interest on Housing Loan Both u/s. 24(b) & 48
Income Tax

Income Tax
Two or more Assessing Officers having territorial jurisdiction in respect of same income, can exercise concurrent jurisdiction
Income Tax

Income Tax
Expenses liable to be considered as fringe benefits only to extent same are incurred in consideration for employment
Custom Duty

Custom Duty
Notification No.96/2012 – Customs (N. T.) – Change in Tariff Value of RBD Palmolein, Brass Scrap (All Grades) Poppy Seeds, Gold &Silver Notified
Income Tax

Income Tax
Bad debt written off not allowable if weren’t considered while computing income of earlier years
Income Tax

Income Tax
Bottling of LPG into cylinders for use in kitchen amounts to ‘manufacture’
Corporate Law

Corporate Law
Non-compete fees to form part of price offered to public shareholders if payment to promoters not justified
Goods and Services Tax

Goods and Services Tax
Compulsory online filing of Annual Return in Form VAT 20 in Punjab
Service Tax

Service Tax
Consultancy Service used for modernisation of Plant eligible for Cenvat credit
Income Tax

Income Tax
Section 56 not Applicable to Gift in Kind Received prior to 1st Oct., 2009
Income Tax

Income Tax
