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STP unit not eligible for deduction under 10B
Interest paid by an Indian PE of a Belgian Company to the shareholders for the borrowing made for the purpose of Indian project is deductible revenue expenditure.
Interest under Sections 234B and 234C shall be payable on failure to pay advance tax in respect of tax payable under MAT provisions
ITAT: Sec14A disallowance is not attracted for tax computation of a Life insurance company
The Honourable Supreme Court in the case Ajanta Pharma Ltd held that 100% of the eligible
export profits earned by the assessee were eligible for reduction under clause (iv) of Explanation
The provision for loss on "Mark to Market" (MTM) basis for trading in derivatives is allowed as a deductible expenditure
Microsoft and its Group Company, Gracemac are held to be liable to Indian tax on the licensing revenues earned from Indian distributors on Microsoft software products sold in India. The
Appeal to CIT(A) is possible on the issue of computation of " foreign tax credit set-off "
The Madras High Court in the case of Indo Tech Electric Company v. DCIT held that in case of conversion of partnership firm into company, compensation paid towards non compete