Cheminvest Ltd vs. ITO (ITAT Delhi Special Bench) Section 14A – Disallowance has to be made even if assessee has no tax-free income The assessee had borrowed funds for the purpose of investing in shares. The shares were held for capital purposes as well as for investment purposes. In AY 2004-2005, the assessee did not [...]
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Disallowance has to be made even if Assessee has no Tax-Free Income – Section 14A
Posted by admin on August 17th, 2009
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FINANCE (No. 2), BILL, 2009 – As Introduced in Lok Sabha
Posted by admin on July 28th, 2009
Finance Bill got clearance from Loksabha on 27th July, 2009. Below are the detailed amendment in Finance Bill 2009
List No. 3
LOK SABHA
FINANCE (No. 2), BILL, 2009
(As Introduced in Lok Sabha)
Notice of Amendments
Pranab Mukherjee: Union Budget 2009 Highlights
Posted by admin on July 6th, 2009
Finance Minister Pranab Mukherjee on Monday, 6th July 2009, presented the Budget for 2009-10 that contained a series of measures that could be termed popular.
Income Tax Exemption limits raised.
10% surcharge on personal income tax scrapped.
“Aam admin” is focus of all program and schemes.
New procedure for Issue of 195 Certificate
Posted by admin on July 5th, 2009
There is a new procedure for certificate U/s 195, which is changed as per circular of CBDT dated, 29-06-09. Look inside for detailed description of the changes, along with the official procedure.
