RECENT INCOME TAX CASE LAWS IN INDIA

We are Posting here on Regular Basis Recent Judgements on Direct Tax delivered by Supreme Court, High Court and Tribunals.

TDS U/s 194-J deductible on 'Transaction charges' paid to BSE is as it is 'fees for technical services'

Posted: 05 Nov 2011 09:25 PM PDT

CIT vs. Kotak Securities Limited (Bombay High Court) - Transaction charges paid by the assessee to the stock exchange constitute 'fees for technical services' covered under Section 194J of the Act and, therefore, the assessee was liable to deduct...

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Evolution and Development of Industrial Policy

Posted: 05 Nov 2011 08:17 PM PDT

Industrial Policy Main features Objectives of the Industrial Policy of the Government are – • to maintain a sustained growth in productivity; • to enhance gainful employment; • to achieve optimal utilisation of human resources; • to attain...

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Press Note No. 2 (2011 Series) National Manufacturing Policy

Posted: 05 Nov 2011 08:13 PM PDT

The Government of India has announced a national manufacturing policy with the objective of enhancing the share of manufacturing in GDP to 25% within a decade and creating 100 million jobs. It also seeks to empower rural youth by imparting...

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CBEC issues press-note regarding appointment of new Chairman-CBEC

Posted: 05 Nov 2011 08:09 PM PDT

Shri S. K. Goel joined Indian Revenue Service (Customs & Central Excise) in the year 1975. He has handled various assignments in the Department of Revenue under the Ministry of Finance all over the country. Prior to this appointment as...

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National Manufacturing Policy

Posted: 05 Nov 2011 08:02 PM PDT

In the last two decades, Indian economy has witnessed a transformational change and has emerged as one of the fastest growing economies of the world. Industrial development in Independent India was catalysed by three major industrial policy...

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Exposure Draft of Indian Accounting Standard (Ind AS) 113 Fair Value Measurement

Posted: 05 Nov 2011 07:34 PM PDT

Exposure Draft of Indian Accounting Standard (Ind AS) 113 Fair Value Measurement (Comments to be received by December 05, 2011) – (04-11-2011) Following is the Exposure Draft of the Indian Accounting Standard (Ind AS) 113 Fair Value...

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