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NEW RETURN FORMS FOR ASSESSMENT YEAR 2010-11 [TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NotificationNotification No. 33/2010/ ..
Income tax - TDS - Does rejection of application u/s 197 amount to an 'Order' maintainable u/s 264? - YES, rejection does not lie in absolute discretion of AO - reasons must be indicated: Bombay HC THE issue before the High Court is that whether reje ..
Chapter XVII-B of the Income-tax Act provides for deduction of tax at source on payments made by any assessee. These provisions are also applicable in case of payment made to non-residents. Section 195 casts an obligation on the person responsible ..
Bad Debt, write off of individual debtor’s a/c is not necessary Vijaya Bank vs. CIT (Supreme Court) For S. 36(1)(vii) Bad Debt, write off of individual debtor’s a/c is not necessary The assessee made a provision for ..
India's accounting regulator has sought the financial statements of the eight Indian Premier League franchises to study if their auditors complied with accounting standards and best practices, joining other government agencies combing through ..
Nobody’s ever tried to find out how much money is at stake in the Supreme Court in the various tax and accounting disputes, a conservative estimate suggests a figure of Rs1 lakh crore. According to a recent government statement, there are 1, ..
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