Daily Archives: September 6, 2015

When Land held as Stock in Trade

 Land held as Stock in Trade but not reflected in Financials Q: Can the Assessing Officer say that Land (treated as stock in Trade by Assessee, but not reflected in the Financial statement as opening and closing stock ) is a capital Asset? Not reflecting the amount as opening WIP and closing WIP is not fatal.… Read More »

SEBI Listing Obligations and Disclosure Requirements

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) PR No. 226/2015 Mumbai,  September 03, 2015 SEBI has notified SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) on September 2, 2015, after following the consultation process. A time period of ninety days has been given for implementing the Regulations. However, two provisions… Read More »

One Rank One Pension scheme : Govt Announcment

The Government has announced the One Rank One Pension scheme for the Ex-Servicemen. This was announced by the Defence Minister Shri Manohar Parrikar here today. One Rank One Pension scheme Statement by Defence Minister “Government of India respects its Defence Forces and Ex-Servicemen for their valour, patriotism and sacrifices. The Government is proud of their devotion to… Read More »

Acceptance of Cash from Wife is not Loan

Acceptance of Cash from Wife is not Loan Q : When the wife gave cash to her husband for purchase of a house property jointly . The deal in property could not materialise. Can the Assessing Officer impose penalty under section 271D for acceptance of cash by the assessee from his wife? Can the husband return the… Read More »