G S Rao Introduction: Inter corporate loans and investments play a vital role in the growth of Industries since they result in flow of funds to group companies or other companies in need of funds. In the Companies Act, 1956 Section 372-A deals with inter corporate loans and investments. In 1998 to give free hand […]
Every investor wants to minimize the risk, in relation to the specified level of return. This risk is measured in the terms of beta co-efficient. Beta is the relative measure. i.e. beta of particular security or class of securities is measured in relation to the market beta. Market beta is always deemed to be 1(one).
whether or not addition of Rs 5,739.60 crores (Rs 5739,60,05,089) made by the Assessing Officer with respect to the disallowance of loss on transfer of telecom infrastructure is justified, tenable in law and on the facts of this case.
regulated entities to report their OTC trades in Corporate Bonds and Securitized Debt instruments on any of the stock exchanges (NSE,BSE and MCX-SX) with effect from April 01, 2014. Copy of the RBI circular is enclosed.
1. Definition and Scope of Rent-A-Cab Service 1.1 What is Rent- A-Cab Service? Rent-A-Cab Service means renting of any motor vehicle designed to carry passengers!!! 1.2 What??? I haven’t heard or read such a definition anywhere? Correct, but let me explain – As per Finance Act, 1994 the relevant definitions contained in Section 65 are […]
Common sense way of subtracting 2 dates. At many places students are required to compute number of days, months and years between 2 dates. For example in computing exemption of gratuity duration of service is required. I have seen student calculating duration of service in fingers.
All the powers requiring a dealer or a person or prescribed class of persons to furnish security as a condition for registering a person as a dealer or for- refund purpose under Section 38 of the Delhi Value Added Tax (DVAT) Act, 2004, excluding the powers to increase, vary, reduce or waive and forfeiting the whole or any part of the security furnished by him.
Income Tax Notification No. 18/2014-Income Tax In exercise of the powers conferred by section 295 read with section 35CCC of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (3rd Amendment) Rules, 2014.
There are many taxpayers who have uploaded their Income Tax Returns (without digital signature Certificate) for A.Y. 2012-13 [filed between 1.4.2012 to 31.10.2013] and for A.Y. 2013-14 [filed between 1.4.2013 to 31.10.2013], but have either not filed the corresponding ITR-V or have filed it with the local Income-Tax Office. ITR-V is accepted only at CPC, Bengaluru by ordinary or speed post. Therefore an opportunity is being given to such taxpayers to regularize their Income-tax returns.
Please refer to our circular RBI/2011-12/359 dated January 20, 2012 regarding interest rates on small savings schemes, wherein it was indicated that as per Government’s decision on revision of interest on small savings schemes, the interest rates on various small savings schemes for every financial year will be notified by the Government before April 1st of that year.
