| PPF Act need to be amended to increase the Investment Limit to Rs. 100000/- Posted: 17 Aug 2009 10:21 AM PDT 
Keeping in view that the Income-tax Act, 1961 was amended by the Finance Act, 2005 permitting an individual to deposit to the maximum of Rs. 1,00,000/- in any of the specified schemes, the concerned authorities should take steps to amend clause 3 of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  | | S. 14A disallowance to be made even if no tax-free income: Special Bench Delhi Posted: 17 Aug 2009 10:10 AM PDT 
Cheminvest Ltd vs. ITO (ITAT Delhi Special Bench) 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 receive any... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  | You are subscribed to email updates from LEGAL & FINANCIAL UPD
With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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