Kaushal Agrawal This is our first lecture series of amendments made by Finance Act 2013. This video covers 1. Changes made in surcharge. 2. Present rates of surcharge. 3. Why surcharge was imposed, 4. What is effect of increase in surcharge. 5. How Maximum marginal rates of tax has changed. 6. Will surcharge and education […]
These appeals by the Revenue relates to Assessment Year 2001-02. The respondent-assessee, as noticed above, namely, Federal-Mogul Goetze (India) Limited, had filed return of income on 31st October, 2001 declaring „nil‟income after setting for brought forward losses and depreciation.
Contention of the Assessee :- The action of the petitioner revenue in not only attaching the petitioner’s bank account but also withdrawing the amount of Rs.159.84 crores on 18 November 2013 when the stay application was already fixed for hearing before the Tribunal on 22 November 2013
Assessee in his return submission dated 6.11.2009 had explained that the purchase of 2 JCB machines were made from Yantraman Automac Pvt.Ltd., Baroda and both these purchases were on hypothecation with Centurion Bank of Punjab.
n the present case, neither the genuineness of the payment nor the identity of the payee were in any case doubted. These were the conclusions on facts drawn by the Appellate Commissioner. The Tribunal also did not disturb such facts but relied solely on Rule 6DD (j) of the Rules to hold
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance
Capital gains from long-term capital asset – Investment in a flat under the self-financing scheme of the Delhi Development Authority – Whether to be treated as construction for the purposes of capital gains Circular : No. 471 [F. No. 207/27/85-IT(A-II)], dated 15-10-1986. 1. Sections 54 and 54F provide that capital gains arising on transfer of […]
Letter reporting discrepancies, if any, falling within the scope of Regulation 39(4) BY REGISTERED/SPEED POST Shri G Somasekhar Additional Secretary (Exams) The Institute of Chartered Accountants of India ICAI Bhawan Indraprastha Marg, New Delhi – 110002 Sir I have received certified copy/ies of the papers __________________________ of Intermediate (IPC)/Final Examination held in __________________________ bearing Code […]
Frequently Asked Questions on Rajiv Gandhi Equity Savings Scheme (RGESS) 5 February 2014 Contents I. Objectives and legal aspects of RGESS 1. What is RGESS 2. What is the objective of the Scheme?
We had filed the return of one of our client which had small amount of refund (below ₹.25000/-). However after processing of the return we have received a failure of the credit of refund proceeds. As per communication received from CPC- Bangalore the said failure was on account of erroneous IFSC code.
