Day: January 7, 2016
20 articlesIncome Tax
Income Tax
Rule 9B : Cost of prints cannot be clubbed with cost of acquisition of distribution rights of films for carried forward of unabsorbed cost
Income Tax
Income Tax
S. 68 – Mere Common address shared by several companies may not be sole ground to doubt identity or creditworthiness
Income Tax
Income Tax
Notional Loss on renunciation of rights to subscribe partly convertible debentures based on notional cost not allowed
Income Tax
Income Tax
Revenue must show existence of agreement/ understanding with foreign entity before any TP adjustment for AMP expenditure
Income Tax
Income Tax
Recording of satisfaction u/s 153C is mandatory even if searched person & assessee are under common jurisdiction
Income Tax
Income Tax
If business of comparable company & assessee remains unchanged from last year, the company can’t be held incomparable in current year
Excise Duty
Excise Duty
Supply of goods to Indian Navy not must to claim excise exemption
Income Tax
Income Tax
eNPS-Online Subscriber Registration and Contribution Facility under NPS developed
Custom Duty
Custom Duty
Rate of exchange of conversion of foreign currency wef 8th January, 2016
Excise Duty
Excise Duty
Transport Ministry can certify excise exemption on goods required for execution of highway projects
Income Tax
Income Tax
Diagnostic Labs to deduct TDS on discount given to hospitals/laboratories U/s. 194H
Income Tax
Income Tax
If absence of exempt income disallowance u/s 14A not warranted
Fema / RBI
Fema / RBI
RBI: Setting up of IFSC Banking Units (IBUs) – Permissible activities
Fema / RBI
Fema / RBI
