PFC Tax Free Bonds – Income Tax, Wealth Tax and DTC Provisions in brief

PFC Tax Free Bonds – Income Tax, Wealth Tax and DTC Provisions in brief Posted: 01 Jan 2012 08:00 PM PST Interest from Bond do not form part of Total Income - a) In exercise of power conferred by item (h) of sub clause (iv) of clause (15) of Section 10 of the Income Tax Act, 1961 the Central Government vide notification no 52/2011.F.No.178/56/201 1-... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Company Law – Structure of Additional Fees In Respect of Annual Filing of Private/ Public Limited Companies Posted: 01 Jan 2012 06:56 PM PST Vide General Circular No: 4/2010, Dated the 22nd November, 2010 , MCA had changed the structure of Additional Fees to be levied for delay in filing E Forms over the companies while filing their Balance Sheet and Annual Returns with concerned... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Download Exempt House Rent Allowance (HRA) Calculator Posted: 01 Jan 2012 06:44 PM PST This Calculator calculates House Rent Allowance which is exempt from tax U/s. 10(13) of The Income Tax Act, 1961. The calculator is in excel format and it calculates the allowance which will be exempt from tax automatically. [[ This is a content summary only. Visit www.taxguru.in for full article.]] Addition U/s. 69B can be made in the absence of documentary evidence in respect of the purchase and sale of Property Posted: 01 Jan 2012 02:48 AM PST ITO vs. Sh. Ashok Kumar Kesarwani (ITAT Delhi) - Impugned addition in this regard were made by the Assessing Officer as the assessee has failed to provide the necessary documentary evidence with regard to the transactions. We find that Ld.... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Rule 8D applicable from A.Y. 2008-2009, however direct and indirect expenses to earn exempt Income has to be disallowed under Section 14A Posted: 01 Jan 2012 02:40 AM PST CIT Vs. Galileo India Pvt Ltd (Delhi HC) - Rule 8D has been held to be prospective in nature and applicable from assessment year 2008-09 by this Court in Maxopp Investment Ltd. v. CIT, New Delhi in ITA No.687/2009 dated 18.11.2011. However, in the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] India to sign DTAA with Macau Posted: 01 Jan 2012 02:25 AM PST CBDT Chairman M C Joshi leaves for Macau today to ink a double taxation avoidance agreement , a move to facilitate the exchange of tax-related and banking information between the two and prevent tax evasion. Macau is one of the most well-known... [[ This is a content summary only. Visit www.taxguru.in for full article.]] ICAI warns against misuse of question papers, suggested answers, revisionary test papers, supplementary study material, result etc pertaining to CA examination Posted: 01 Jan 2012 12:34 AM PST For the sake of information and academic guidance of students, specified material like question papers, suggested answers, revisionary test papers, supplementary study material, result etc pertaining to CA examinations are being published and hosted... [[ This is a content summary only. Visit www.taxguru.in for full article.]] ICAI extends last date for compliance of CPE hours requirement for Members holding COP for calendar year 2011 Posted: 31 Dec 2011 11:33 PM PST Extension of last date for complying with the CPE hours requirement for the calendar year 2011 for the members holding COP from 31st December, 2011 to 31st March, 2012 [[ This is a content summary only. Visit www.taxguru.in for full article.]] Last date for filing Refund Application in Form 501 and Due date for submission of Monthly Return for the month of November 2011 extended till 7th January 2012 Posted: 31 Dec 2011 08:30 PM PST Maharashtra Value Added Tax - Last date for filing Refund Application in Form 501 and Due date for submission of Monthly Return for the month of November 2011 extended till 7th January 2012 [[ This is a content summary only. Visit www.taxguru.in for full article.]]