by 1 users

DDT needs to be withdrawn to avoid double taxation of same income |Tax Guru

Every domestic company is liable to pay a Dividend Distribution Tax @15% on the amount declared, distributed or paid by such company by way of dividends. The effective rate of tax works out to16.995%. The proposed Direct-tax Code also contains simila...

http://www.taxguru.in/budget-2010/ddt-needs-to-be-withd
rawn-to-avoid-double-taxation-of-same-income.html

first added by kanoisandeep, last updated 2 years 2 months ago

by 1 users

RBI notification regarding maintenance of CRR/SLR |Tax Guru : Complete Tax Solution

RBI/2009-10/289RPCD.CO.RRB.BC.No.48 /03.05.50 /2009-10 Dated:January 18, 2010Computation of Net Demand and Time Liabilities (NDTL) for the purpose of Maintenance of CRR/SLRIt has been observed that the Regional Rural Banks (RRBs) are not following a ...

http://www.taxguru.in/rbi/bri-notification-regarding-ma
intenance-of-crrslr.html

first added by kanoisandeep, last updated 2 years 4 months ago

by 1 users

Budget 2010-11 may tax undistributed dividend of foreign corporations |Tax Guru : Complete Tax Solution

The forthcoming budget may contain provisions for taxing the undistributed dividend of foreign corporations that are controlled or owned by Indian companies. Controlled Foreign Corporations (CFCs) laws enable the authorities to tax the income of a re...

http://www.taxguru.in/income-tax/budget-2010-11-may-tax
-undistributed-dividend-of-foreign-corporations.html

first added by kanoisandeep, last updated 2 years 4 months ago

by 1 users

Shareholder has no “say” in management of a company unless and until he becomes part of management |Tax Guru : Complete Tax Solution

The plaintiff has filed this suit seeking a declaration that the Board resolution dated 12.1.2002 passed by the Board of Directors of defendant No.1 Company was null and void. Plaintiff also sought permanent injunction that defendants be restrained f...

http://www.taxguru.in/company-law/a-shareholder-has-no-
say-in-management-of-a-company-unless-and-until-he-beco
mes-part-of-management.html

first added by kanoisandeep, last updated 2 years 5 months ago

by 1 users

Disallowance u/s 14A is to be made even when exempt income is not earned or received during the year |Tax Guru : Complete Tax Solution

Special Bench of the Income Tax Appellate Tribunal, New Delhi holds that expenditure relating to exempt income to be disallowed even if assessee has not earned any tax-free income.BackgroundSection 14A of the Income-tax Act, 1961 (“Act?), inserted by...

http://www.taxguru.in/income-tax-case-laws/disallowance
-us-14a-is-to-be-made-even-when-exempt-income-is-not-ea
rned-or-received-during-the-year.html

first added by kanoisandeep, last updated 2 years 5 months ago

by 1 users

Advance in ordinary course of business cannot be considered as deemed dividend U/s. 2(22)(e) of IT Act, 1961 |Tax Guru : Complete Tax Solution

In the present case the Tribunal on considering decisions in various cases held as under:“From the ratio laid down in above cases and on the basis of judicial interpretation of words. ‘Loans’ or ‘Advances’, it can be held that section 2(22)(e)can be ...

http://www.taxguru.in/income-tax-case-laws/advance-in-o
rdinary-course-of-business-cannot-be-considered-as-deem
ed-dividend-us-222e-of-it-act-1961.html

first added by kanoisandeep, last updated 2 years 6 months ago

by 2 users

Loss on purchase and sale of units of mutual fund cannot be treated as speculation loss » |Tax Guru

We have heard both the parties and gone through the material available on records. The assessee is engaged in rendering Business

http://www.taxguru.in/income-tax-case-laws/loss-on-purc
hase-and-sale-of-units-of-mutual-fund-cannot-be-treated
-as-speculation-loss.html

first added by kanoisandeep, last updated 2 years 7 months ago

by 1 users

Revision under section 263 of IT Act, 1961 is not reassessment » |Tax Guru

The brief facts of the case are that the assessee is a software development company, situated at Infotech Park, Pune and having extension at Mumbai. It filed its return of income for A.Y. 2003-04 on 01.12.2003 declaring total income of Rs.3,29,54,277...

http://www.taxguru.in/income-tax-case-laws/revision-und
er-section-263-of-it-act-1961-is-not-reassessment.html

first added by kanoisandeep, last updated 2 years 8 months ago

DDT needs to be withdrawn to avoid double taxation of same income |Tax Guru

RBI notification regarding maintenance of CRR/SLR |Tax Guru : Complete Tax Solution

Budget 2010-11 may tax undistributed dividend of foreign corporations |Tax Guru : Complete Tax Solution

Shareholder has no “say” in management of a company unless and until he becomes part of management |Tax Guru : Complete Tax Solution

Disallowance u/s 14A is to be made even when exempt income is not earned or received during the year |Tax Guru : Complete Tax Solution

Advance in ordinary course of business cannot be considered as deemed dividend U/s. 2(22)(e) of IT Act, 1961 |Tax Guru : Complete Tax Solution

Loss on purchase and sale of units of mutual fund cannot be treated as speculation loss » |Tax Guru

Revision under section 263 of IT Act, 1961 is not reassessment » |Tax Guru

Jumptags

General Help

Community

Your Account

Advertise