Representation by BCA to FM on difficulties being faced/likely to be faced by Assessees while filing Return of Income 
Re: Hardships and Practical Difficulties being faced/likely to be faced by Assessees while filing the Return of Income for A.Y.2009-10, in view of directions contained in CBDT Circular No.03/2009 Dated 21.05.2009 We refer to the CBDT Circular... | | Government may soon clarify in respect of FBT paid for Assessment Year 2010-2011 
A mechanism may be on the anvil to help companies to reclaim the fringe benefit tax they had paid for the first quarter along with advance corporate tax, as the government goes about implementing the budget proposal to abolish the levy with... | | Builder may not benefit from extension of tax waiver to affordable housing projects 
The government's decision to extend the time limit for claiming tax exemption on profit earned from projects may not give the desired benefits to real estate developers. Instead of giving benefits to ongoing projects, the government chose to... | | Allowability of expenditure incurred by foreign company before RBI approval 
Income Tax Appellate Tribunal (ITAT) has ruled that foreign companies can claim tax deduction on expenses incurred in setting up a project office in India even if the mandatory approval from the Reserve Bank of India comes subsequently. The ruling... | | Taxability of commission paid by Indian Company to foreign company to promote its business in that country 
The Authority for Advanced Ruling has ruled that if an Indian company pays a commission to an overseas company to promote its business in that country, such payment will not be taxable in India. The AAR, a quasi judicial body on matters of taxation,... | | Hasan Ali Khan have outstanding tax demand of 50,345 Crore 
Stud farm owner Hassan Ali Khan tops the list of direct tax defaulters in the country. The outstanding demand against Khan as on March 31, 2009, is a whopping Rs 50,345 crore. In a written reply in the Rajya Sabha on Tuesday, minister of state for... |
With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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