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Pre S. 94(7) dividend stripping loss cannot be disallowed. Transaction cannot be ignored on ground that it is for tax-planning
DEPB sale proceeds cannot be bifurcated into “profits” and “face value”. The entire amount is “profits” for s. 80HHC r.w.s. 28(iiid)
S. 195 (1) TDS obligation does not arise if the payment is not chargeable to tax. Samsung Electronics not followed
All F & O transactions before 2006 to be held as speculative
Set - off of short-term capital loss which has been subject to STT against short-term capital gains arising on off-market transactions including buy back / open offer, etc., which are not subject to STT
If it is held that the transaction in derivatives does not fall in section 43(5), it will make clause (d) and Explanation thereto below section 43(5) introduced by Finance Act, 2005 to be redundant.
Stock Exchange card is NOT an intangible asset eligible for depreciation
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
SSGS and Associates
Chennai
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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CMNITY HIRE
New Delhi
Others
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