INCOME-TAX (SECOND AMENDMENT) RULES, 2013 – AMENDMENT IN RULES 31A & 31AA; SUBSTITUTION OF RULES 31ACB, 37J AND FORM NOS.15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ AND INSERTION OF FORM NO. 26B NOTIFICATION NO. 11/2013[F.NO.142/31/2012-SO(TPL)]/SO 410(E), DATED 19-2-2013 In exercise of the powers conferred by section 295 of the Income-tax Act, [...]
Registration u/s 12AA Can Not Be Denied to Deemed Company Under a State Act ?
September 16, 2012 by Leave a Comment
The assessee is a Corporation established under the provisions of the Warehousing Corporations Act, 1962 (in short 1962 Act). It was earlier claiming exemption under section 10(29) of the Act but after deletion of the said provision with effect from 1-4-2003, it applied for registration under section 12AA of the Act. The said application was [...]
Is Deduction u/s 80HHE Available to Non Residents ?
September 7, 2012 by
The assessee was a an Individual having tax residency of USA.The assessee had a Permanent Establishment in India (PE) in form of proprietary concern for export of software.He claimed deduction u/s 80HHE in respect of export of softwares. However, both the Assessing Officer as well as the Commissioner (Appeals) were of the opinion that deduction...
Agriculture Land How to Measure Distance From Municipal limit
August 31, 2012 by Leave a Comment
The Tribunal on the question related to distance of the agriculture land from the municipal limits of the city of Khanna in the State of Punjab , held that the distance of 2 kms. from the municipal limits of the city of Khanna had to be reckoned for the purposes of section 2(14)(iii ) of [...]
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