The Government has extended the duty entitlement passbook (DEPB) scheme into the forthcoming financial year that starts April 1, the Commerce Secretary, Mr G.K. Pillai, has said. “The Cabinet on Thursday extended the scheme in its present form till

Posted in Others | 59 Views

Registration of: Charitable trust - Limitation for: Passing

CA. Amit Daga 31 March 2008 at 09:26

Posted in Income Tax | 68 Views

SC: DTA will override the provisions of Income Tax Act

CA. Amit Daga 31 March 2008 at 09:26

The Supreme Court has reiterated in its judgment, Dy Commissioner of Income Tax vs Torqouise Investment & Finance Ltd, the principle that Double Taxation Avoidance Agreement (DTAA) entered into by the Government of India with foreign governments woul

Posted in Income Tax | 69 Views

Section 14A of the Income-Tax Act,

CA. Amit Daga 28 March 2008 at 10:09

Posted in Income Tax | 49 Views

Interest earned from income tax dept.

CA Praveen Chopra 27 March 2008 at 20:45

Interest earned from Income Tax Department & staff loans to be assessed under 'other sources'; Interest on Credit sales is business income; When profit is negative, deduction under Section 80 HHC is nil

Posted in Income Tax | 45 Views