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Purchase of Capital Assets allowed as Application of Income u/s 11(1) as well as Depreciation allowed u/s 32
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By: - Surender Gupta
Dated:
September 18, 2015
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Surender Gupta
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LOSS ON VALUATION OF INTEREST RATE SWAP CONTRACTS – DEDUCTIBLE?
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
September 15, 2015
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DR.MARIAPPAN GOVINDARAJAN
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POWERS OF INCOME TAX APPELLATE TRIBUNAL
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
September 4, 2015
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DR.MARIAPPAN GOVINDARAJAN
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Benefits of filing income tax returns
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By: - Sumit Arora
Dated:
August 29, 2015
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Sumit Arora
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Appeal of Assessee dismissed for low tax demand
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By: - DEVKUMAR KOTHARI
Dated:
August 19, 2015
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DEVKUMAR KOTHARI
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Up front interest on bonds and debentures allowed on mercantile basis in spite of matching principal followed in accounts
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By: - DEVKUMAR KOTHARI
Dated:
August 18, 2015
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DEVKUMAR KOTHARI
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UN-NECESSART LITIGATION BY TAX AUTHORITIES BY INVOKING EXPLANATION TO SECTION 37 IN RELATION TO ROYALTY PAID TO GOVERNMENT AND THAT TOO IN CASE OF HIGH TAX PAYING NAVRATNA PSU - ONGC.
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By: - DEVKUMAR KOTHARI
Dated:
August 17, 2015
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DEVKUMAR KOTHARI
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Allowability of interest on capital borrowed u/s 36 provision from assessment year 2016-17.
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By: - DEVKUMAR KOTHARI
Dated:
August 12, 2015
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DEVKUMAR KOTHARI
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UN-NECESSART LITIGATION BY TAX AUTHORITIES ON WELL SETTLED MATTER ABOUT REVENUE EXPENDITURE – ‘dry docking expense for repair of ship are revenue expenditure.
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By: - DEVKUMAR KOTHARI
Dated:
August 12, 2015
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DEVKUMAR KOTHARI
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CONTRACT WORKMEN ARE TO BE INCLUDED AS EMPLOYEES OF THE ASSESSEE UNDER (erstwhile) SECTION 80-IA(2)(4) OF INCOME TAX ACT, 1961
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
August 8, 2015
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DR.MARIAPPAN GOVINDARAJAN
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"Anonymous donation" and judgment in case of Gurudev Siddha Peeth, Shrish Thakkar – a discussion.
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By: - DEVKUMAR KOTHARI
Dated:
August 4, 2015
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DEVKUMAR KOTHARI
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Splitting of Composite Contracts as a means to Tax Avoidance in light of Ramsay Principle
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By: - Pratik Raoka
Dated:
July 22, 2015
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Pratik Raoka
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PERSONAL INCOME TAX: IMPORTANCE OF OTHER LAWS IN TAX PLANNING – HERE IS EXPLAINED HOW?
2 Comments
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By: - PARAS MEHRA
Dated:
July 6, 2015
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PARAS MEHRA
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LOSS ON TRANSFER OF LONG-TERM SHARES AND UNITS can be set off against other capital gains, even if ‘profit’ or ‘gain’ would be exempt if transaction of transfer has suffered security transaction tax
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By: - DEVKUMAR KOTHARI
Dated:
June 20, 2015
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DEVKUMAR KOTHARI
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Finance Act, 2015- Single Member Bench (SMC) of ITAT - more scope is desirable for disposal of cases by SMC benches.
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By: - DEVKUMAR KOTHARI
Dated:
June 15, 2015
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DEVKUMAR KOTHARI
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Section -147 Reopening of Assessment / Reassessment
1 Comment
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By: - CA ombir Singh Panwar
Dated:
June 14, 2015
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CA ombir Singh Panwar
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CBDT Circular about capital gains- suitable amendment is desirable
A liberal circular about exemption from capital gains on extension of term of units in any Fixed Maturity Plans (FMPs) of mutual funds – binding on AO but seems to be beyond authority of CBDT- amendment in Income-tax Act or Income-tax Rules is desirable
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By: - DEVKUMAR KOTHARI
Dated:
June 3, 2015
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DEVKUMAR KOTHARI
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Unnatural expansion of definition of "income" seems beyond power conferred to tax income under the Constitution of India. A new chapter of REAL TAX TERRORRSIM by NAMO Sarkar to counteract judicial pronouncement to include capital receipts in meaning of income.
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By: - DEVKUMAR KOTHARI
Dated:
June 1, 2015
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DEVKUMAR KOTHARI
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CALL OPTIONS OR PUT OPTIONS ARE TRANSACTIONS OF DERIVATIVE MARKETS AND CANNOT BE TERMED AS SPECULATIVE IN NATURE
1 Comment
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
May 23, 2015
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DR.MARIAPPAN GOVINDARAJAN
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TAX APPEAL IS NOT A ‘LIS’
2 Comments
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
May 13, 2015
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DR.MARIAPPAN GOVINDARAJAN
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