Section 115J, 115JA & 115JB may be ultravirse the Constitution of India & Income-tax Act,1961

Section 115J, 115JA & 115JB may be ultravirse the Constitution of India & Income-tax Act,1961 Posted: 14 Jul 2013 10:22 AM PDT CA Dev Kumar Kothari Section 115J, 115JA and 115JB may be ultravirse the Constitution of India and the Income-tax Act,1961 – a study with reference to some very weakly prepared and contested cases about validity of provision  for tax on book profit /  minimum alternate tax (MAT) and some...

2 Mistakes in Form 3CD New Utility Posted: 14 Jul 2013 10:03 AM PDT CA SUDHIR HALAKHANDI The utility for uploading Audit report under section 44AB in Form 3CB/3CD is changed on the department's site within a period of less than one month from its first introduction. In this article we are not very critical about this re-introduction of the utility because the...

Bonus Share- A Point of View – No capital gain tax if the cost is nil or not ascertainable Posted: 13 Jul 2013 09:16 PM PDT Section 45 is charging section. Various sub-sections of this section provide for charging of any profit or gains and in some specified exceptions even 'capital value' is also deemed to be capital gain taxable under the head.

Which ITR should be used & by whom for A.Y. 2013-14? Posted: 13 Jul 2013 09:04 PM PDT In the below article we will discuss the Applicability of ITR 1 ,2,3, 4, 4S, 5, 6 and 7 for Assessment year 2013-14 i.e. FY 2012-13. In other words which ITR is applicable to whom for A.Y. 2013-14.

Clarification regarding applicability of the Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009 for used tyres –regarding Posted: 11 Jul 2013 09:57 PM PDT Reference has been received regarding applicability of the Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009 in case of old and used pneumatic tyres and tubes for automotive vehicles, requirement of consent from the Ministry of Environment and Forest, and the date of...

Delhi VAT – Composition Dealer to Put on invoice – "Composition Dealer" (Not eligible to charge VAT on Bill) Posted: 10 Jul 2013 10:13 PM PDT Dealers who have elected to pay tax under section 16 of the Act, that the retail invoice issued under sub section (4) of Section 50 of the Act, besides containing the particulars as specified in sub section (5) of Section 50 of the Act, henceforth shall also contain the following words at the top...

Delhi VAT – Allahabad Bank authorized for payment of VAT Posted: 10 Jul 2013 10:10 PM PDT (TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN : I.P.ESTATE: NEW DELHI -110 002 No. F. 7(239)/P- I/VAT/2009/424-437                                                    Dated :11/07/2013...

Delhi VAT – TDS certificate to be generated electronically in Form DVAT-43 with unique ID Posted: 10 Jul 2013 10:04 PM PDT In exercise of the powers conferred by clause(c) of sub-rule (1) of Rule 63 of the Delhi Value Added Tax Rules, 2005 (hereinafter referred to as 'the Rules'), I, Prashant Goyal, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, hereby require that all the TAN holders...