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'Business Profit' includes depreciation written back in context of section 32AB. However, the question of law left open by the Supreme Court - also some relevant discussion on binding nature of judgments or persuasive value.
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By: - DEVKUMAR KOTHARI
Dated:
February 24, 2009
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THE SERVICE TAX RETURN PREPARER SCHEME, 2009 - AN OVERVIEW
2 Comments
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 24, 2009
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DRAW BACK RULES CANNOT OVERRIDE PROVISIONS OF CUSTOMS ACT, 1962
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 19, 2009
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Income -tax deducted at source is consideration received for services or for goods sold hence cannot be deducted from consideration for the purpose of levying any tax like service tax, VAT or Sale Tax.
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By: - DEVKUMAR KOTHARI
Dated:
February 16, 2009
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DETERMINATION OF BUSINESS PROFIT IN PROPERTY BUSINESS - Sold parts attract taxable income even if entire project is not yet complete , cost or market value whichever is less should be adopted for stock-in-trade at year end.
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By: - DEVKUMAR KOTHARI
Dated:
February 16, 2009
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SUBSTANTIVE BENEFIT CANNOT BE DENIED ON A PROCEDURAL OR TECHNICAL GROUND WHERE THE BENEFICIARY HAS SATISFIED THE SUBSTANTIVE CONDITIONS FOR THE BENEFIT
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 16, 2009
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THE FACT OF AMALGAMATION DOES NOT GIVE ANY IMMUNITY FOR PAST DEEDS OF DIRECTORS
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 16, 2009
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'MAT' AND NECESSARY ADJUSTMENT IN BOOK PROFIT IN VIEW OF NOTES, OBSERVATION, DISCLOSURES OR QUALIFICATION ON ACCOUNTS SECOND ARTICLE IN VIEW OF RECENT JUDGMENT OF DELHI HIGH COUTRT
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By: - DEVKUMAR KOTHARI
Dated:
February 10, 2009
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INCOME BY ILLEGAL MEANS LIKE FABRICATION OF TDS CERTIFICATES IS TAXABLE INCOME.
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By: - DEVKUMAR KOTHARI
Dated:
February 10, 2009
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INTEREST ON FDR OUT OF TEMPORARY SURPLUS BUSINESS FUNDS IS BUSINESS INCOME- Bombay High Court.
1 Comment
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By: - DEVKUMAR KOTHARI
Dated:
February 8, 2009
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DONATION MADE TO COURT LIBRARY BUILDING BY AN ADVOCATE IS NOT BUSINESS EXPENDITURE
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 7, 2009
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EVENT MANAGEMENT SERVICES
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 7, 2009
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CUSTOMS VALUATION (DETERMINATION OF VALUE OF EXPORT GOODS) RULES, 2007 - AN OVERVIEW
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 5, 2009
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RECOVERY OF INCOME TAX DUE BY COMPANY FROM DIRECTOR
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 5, 2009
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IT IS NOT OPEN TO THE DEPARTMENT TO RECOVER SERVICE TAX FROM A PERSON IN PURSUANCE OF A SHOW CAUSE NOTICE ADDRESSED TO ANOTHER PERSON
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
January 29, 2009
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Depreciation avoid last moment rush- part III: DELAYED ANNOUNCEMENT OF INCENTIVE TO COMMERCIAL VEHICLE MANUFACTURERS AND /OR OPERATORS by way of higher rate of depreciation.
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By: - DEVKUMAR KOTHARI
Dated:
January 29, 2009
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Amendment of Rule 37A- an analysis and suggestions to avoid frequent amendments.
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By: - DEVKUMAR KOTHARI
Dated:
January 29, 2009
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TRANSFER OF REFUND TO CONSUMER WELFARE FUND
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
January 25, 2009
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TERRITORIAL JURISDICTION OF COMMISSIONER FOR SERVICE TAX MATTERS
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
January 25, 2009
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CARRYFORWARD OF LOSS VIS A VIS OTHER DEDUCTIONS- relevant provisions are to be applied and not general Rules of filing of return of loss. An analysis in view of SC Ruling.
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By: - DEVKUMAR KOTHARI
Dated:
January 25, 2009
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