S. . 14A provides for the disallowance of expenses incurred in relation to the income, which does not form part of the total income of the assessee. 14A. [(1)] For the purposes of computing the total income under this Chapter, no deduction shall be
INTRODUCTION :- Law is all pervading. Almost all your actions are regulated by law except a few. We have all sorts of law like personal, family, civil, criminal, revenue, commercial, taxation, public and private int
The global economy is facing turbulent times with US in recession, Europe in economic crises and emerging markets growth slowing down. Frequently organizations panic on hearing forecasts of looming recession. They cut down marketing budgets, innov
This article is the concluding part out of the two part series on this subject. This has been presented from the developers perspective. The views expressed in this series of articles are personal. It need not be said that taxation of works
Service tax on Vocational education/training courses TRU has issued a Circular No. 164/15/2012-ST dated August 28, 2012 clarifying certain issues in relation to levy of service tax on certain vocational education/training/ skill development courses
Whether the price declared below the cost of manufacture can be regarded as Normal price for chargeability of Excise duty. Dear Professional Colleague, We are sharing with you a recent judgment of the Honorable Supreme Court, New Delh
Now a day, some bad news, views and experiences are floating everywhere related to lack of employment in CA profession. Some people are saying that now CAs are getting the status of B.com graduates. They also refer to campus placements organi
Alternate Dispute resolution and cases pending trails in various courts in india - By CS A Rengarajan Let us see pending cases reported in various high courts, subordinate courts and Supreme Courts as per news items published Times of India dated 20
Hello everyone, Thank you very much for a great responce on my article reverse charge mechnism of service tax. I have received lots of mails for seeking clarification. I am trying to solve some major issues in reverse mechanism. Since the introduc
Honble Prime Minister had constituted an Expert Committee on General Anti Avoidance Rules (GAAR) to undertake stakeholders consultations for finalization of guidelines to ensure greater clarity on GAAR issues. The Expert Committee af
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