Demolition/destruction of house not necessarily results in transfer u/s 2(47) by extinguishment of capital assets rights for capital gain purpose

ITAT Mumbai, in a recent case has stated that demolition/destruction of house not necessarily results in transfer u/s 2(47) by extinguishment of rights in a capital assets for capital gain purpose. Case Law Details: I.T.A. No. 6169/Mum/2013  Assessment Year : 2007-08 Dilip Manhar Parekh vs.  Dy. Commissioner of …

PNB Forensic Auditors Chartered Accountants Firms Empanelment FY 2016-17. Last date for application 27-04-2015

PUNJAB NATIONAL BANK invites applications for empanelment of Forensic Auditors for the period 2016-2017. Criteria of qualifications, experience, scope of work, application forms, undertakings, addresses of the Zonal Offices etc. are enclosed. Please note that applications and copies of the qualification, experience, undertakings etc. be submitted to nearest …

SEBI-Consultation Paper on Distribution of Cash Benefits through Depositories-Issues investors may be facing

SEBI-Consultation Paper on Distribution of Cash Benefits through Depositories For investments in various securities, investors receive cash benefits such as dividend, interest and redemption payments. At present, cash benefits are distributed directly by issuer companies to the investors mostly through their Registrar and Transfer Agents (RTAs). Though this …

Employee secondment charges not fees for technical/professional services for invoking disallowance u/s 40(a)(ia)

In a recent judgment, ITAT Mumbai has held that where the assessee pays secondment charges for the employees, for all practical purposes, the assessee is the employer and the charges paid can not be said fees for technical/professional services for disallowance u/s 40(a)(ia) Case Law Details: ITA No. 1945/Mum/2013 Assessment Year: 2009-10 Deputy …