Month: August 2015
516 articlesFinance

Finance
Driving through water clogged areas, a common behaviour of Indian Motorists – ICICI Lombard survey
Income Tax

Income Tax
Interest on loans not allowable if loan utilized to finance sister concern with no direct or indirect benefit to assessee
CA, CS, CMA

CA, CS, CMA
Tips To Score At Least 60+ In IPCC Accounts & Advanced Accounts
Company Law

Company Law
List of special resolutions to be passed under Companies Act, 2013
Income Tax

Income Tax
Tax at source not deductible on reimbursement of cost
Income Tax

Income Tax
Deduction u/s 194C instead of u/s 194J renders shortfall liable for disallowance u/s 40(a)(ia)
Custom Duty

Custom Duty
Rules not within the limits of Parent Act are unsustainable and bad in law – SC
Income Tax

Income Tax
TP- operating cost should be calculated by adjusting abnormal cost incurred on account of Start-up Company
Income Tax

Income Tax
No exemption u/s 10(23C) if institution exists apparently for philanthropic purpose and in reality for profits
Income Tax

Income Tax
Hire Purchase Installments received to be taken as income by allowing corresponding expenditure as deduction
Income Tax

Income Tax
No TDS u/s 194C for payments of reimbursement of expenses
Income Tax

Income Tax
Deduction for PF and ESI contribution cannot be disallowed if paid before due date of filing return
Income Tax

Income Tax
Mere fact that an entity makes extremely high profits/losses does not lead to its exclusion from list of comparables for ALP determination
CA, CS, CMA

CA, CS, CMA
