"19 October 2017" Archive

Depreciation has to be taken into account for computing profits eligible for deduction U/s. 80-IA

Plastiblends India Limited Vs Addl. Commissioner of Income Tax (Supreme Court of India)

The assessees/appellants want 100% deduction, without taking into consideration depreciation which they want to utilise in the subsequent years. This would be anathema to the scheme under Section 80-IA of the Act which is linked to profits and if the contention of the assessees is accepted, it would allow them to inflate the profits link...

Read More

Commitment Ka DIA and Inspiration Ki BATI

Wake up examinee wake up, Every second is precious, energize yourself & raise up. Do not permit any type of stress to enter your mind, Just see your goal, like Arjuna’s Bird’ Eye, keeping all other things aside....

Read More
Posted Under: Income Tax |

Gist of GST Notifications and circulars issued on 18th October 2017

For Deemed export supplies where recipient is availing the credit . In other cases the supplier has to file refund claim. The cess column is inserted in certain statements in refund claim...

Read More
Posted Under: Income Tax |