Budget 2012: Income tax proposal
exemption limit in case of Individual is increased by Rs. 20000/- now basic exemption limit is Rs. 200000/- Tax slab is 20% from Rs. 8 to 10Lacs Deduction on saving…
Budget 2012: No Advance tax compliance for senior citizen except those having Business income
In case of Senior Citizen relief is provided regarding the payment of advance tax unless the income is form Business activities. No compliance regarding the payment of advance tax unless…
External Commecial Borrowing ECB for Aviation Sector for Working Capital Allowed
Budget 2012: ECB Allowed for Aviation Sector for Working Capital in view of difficulties faced by aviation industry
Budget 2012: Rajiv Gandhi Equity Investment Scheme Launched
11:30 AM Rajiv Gandhi Equity Investment Scheme for deduction upto Rs. 50,000 for assessees with Income upto Rs. 10,00,000 details to be released later
Knowledge Challenge 04-02-2011
The First Knowledge Challenge Showdown is on 04th Feb, 2012 [block] The Topics for Challenge are: [img w=”580″ h=”400″]https://www.ahujaandahuja.in/wp-content/uploads/2012/01/2012-01-29-16.40.26.jpg[/img] [block] [h2]The Challengers: Issuing the War Cry![/h2]
Professional Knowledge Challenge
[img w=”590″ h=”250″]https://www.ahujaandahuja.in/wp-content/uploads/2012/01/challenge.jpg[/img] [info_box]We at Ahuja & Ahuja Chartered Accountants, believe in testing the frontiers of our knowledge, this challenge is an step in this regard.[/info_box] [block] [h2]What is “The…
Free Indian Case Law Search Engine www.indiankanoon.org
Free Indian Case Law Search Engine – www.indiankanoon.org
Reassessment u/s 147 cannot be initiated if Assessing Officer misinterpreted legal provisions in original assessment
legal misinterpretation by Assessing Officer in framing original assessment cannot be the basis of initiation of Assessment Proceeding u/s 147
Reassessment u/s 147: No addition can be made on other grounds when the reasons for which reassessment undertaken cease to survive
no addition can be made on other grounds, if the Assessing Officer doesn’t make any addition on the primary ground on the basis of which proceeding u/s 147 were initiated.
e-Filed ITR cannot be invalidated if ITR-V not received due to no fault of the assessee
where ITR-V for e-return was not received by the CPC, Banglore inspite of the same being posted by ordinary post on various dates, then the return cannot be treated as invalid
MCA extend date of PAN updation in DIN to 29th February, 2012
Ministry of Corporate Affairs has once again extended the date for filing of DIN 4 for updation of PAN in DIN No of directors to 29th February, 2011
Non-Deduction of TDS due to bonafide wrong interpretation of Law is reasonable cause u/s 273B for Non Levy of Penalty u/s 271C
Non-Deduction of TDS due to bonafide wrong interpretation of Law is reasonable cause u/s 273B for Non Levy of Penalty u/s 271C