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Articles by CA Kishore Tallam

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2(22)(e) - Income Tax Department & Assessee

  CA Kishore Tallam    02 April 2012 at 11:18

2(22)(e) A Long standing Dispute between Income Tax Department and Assessee: Background of the Section: Its a regular practice between closely held group companies to transfer monies to meet their fund requirements (other than for

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Posted in Income Tax  17 comments |   49056 Views

Core Investment Company - An Insight

  CA Kishore Tallam    30 March 2012 at 12:24

Core Investment Company (CIC): On August 12, 2010, the Reserve Bank of India (RBI) issued a notification DNBS (PD) CC.No.197/03.10.001/2010-11 prescribing the regulatory framework of a Core Investment Company. On January 05, 2011, the RBI issued

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Posted in Others  1 comments |   35490 Views

Profit & Loss account during Construction Period mandatory?

  CA Kishore Tallam    28 May 2010 at 17:58

Many times, we see that many companies which are in startup stage i.e. during construction period and before it is ready for commencing commercial operations do not prepare Profit and Loss Account for the year / period and the total expenditure incu

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Posted in Accounts  11 comments |   43044 Views