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Income Tax Rule 40(b)

Nov 26, 2014 at 21:39 | Source: PTI
Attorney General Mukul Rohatgi has asked the Income Tax Department to desist from filing appeal against the Bombay High Court ruling that Vodafone is not liable to pay an income tax demand of Rs 3,200 crore in a case relating to transfer pricing.
Oct 27, 2014 at 13:53 | Source: PTI
"We wish to state that this account was opened when he (Pradip) was an NRI, and was legally allowed to open this account," a Dabur spokesperson said in a statement.
Oct 10, 2014 at 11:34 | Source: Moneycontrol.com
The court held that there was no taxable income arising out of the transaction. The quantum of tax demand by the Indian authorities stood at Rs 3200 crore in fiscal year 2010.
Jun 13, 2014 at 19:22 | Source: CNBC-TV18
The Pune Bench of the Income-tax Appellate Tribunal has held that effective management was clearly defined in Article 8 of the Double Tax Avoidance Agreement between India and Cyprus (IndiaCyprus tax treaty).
Jun 02, 2014 at 12:11 | Source: PTI
Issues have been raised by the industry body in a detailed representation on the new companies law made to the Corporate Affairs Ministry earlier this month.
May 14, 2014 at 22:19 | Source: CNBC-TV18
The UPA 2, the ruling coalition, could steer only 179 legislative bills in to Acts, as against 297 in its first term
Apr 29, 2014 at 17:48 | Source: Moneycontrol.com
There are however, different rules for different categories of people receiving different amounts of pension. Some of these are exempted from Income Tax, but most of them do not enjoy any exemptions. The provisions of the TDS as stated in Section 192 are application to the pension as it is viewed as an income.
Mar 01, 2014 at 17:22 | Source: Moneycontrol.com
While insurance plans do offer tax benefits up to Rs 1 lakh under section 80c of the income tax act, new change in rules and regulations especially with the implementation of Direct Taxes Code (DTC) means one needs to be careful.
Dec 30, 2013 at 13:33 | Source: Moneycontrol.com
This PwC News Alert summarizes the recent decision of the Delhi Bench of the Income-tax Appellate Tribunal (the Tribunal) in the case of Casio India Co. (P) Ltd.
Oct 31, 2013 at 12:51 | Source: Moneycontrol.com
According to Hemant Rustagi, CEO of Wiseinvest Advisors, any scheme that invests more than 65 percent in equity is considered as an equity fund, all other fund are treated as debt fund as far as the Income Tax rules are concerned.
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