Daily Archives: January 31, 2016

First Information Report (FIR) FAQ’s

What are the categories of Criminal offences ? Criminal offences are classified into two categories depending on the degree of seriousness / cognizance i.e. cognizable and non-cognizable offence. What is Cognizable Offence for filing First Information Report (FIR)  ? A cognizable offence is one in which the police may arrest a person without warrant. They are… Read More »

Debenture Interest charged in Profit and Loss A/c but not paid would not attract TDS under Section 193

Held Although the assessee has neither paid nor paid interest to these financial institutions in respect of debentures. However, the liability was provided for, in its account for purpose of compliance of applicable accounting standards and mandatory requirements of Companies Act, 1956. It was, thus, clear no income had accrue to debenture holders, financial institutions.… Read More »

Payment to intermediaries for hiring of transport for carriage of goods is also liable for TDS u/s 194C

Held The assessee has entered into contract with these intermediaries for the work of hiring of transport for carriage of goods for the assessee for which payments are made by the assessee to these intermediaries who are not actual transporters but are arranging actual transporters independently from open market for carriage of goods for assessee… Read More »

Uttar Pradesh Joins Uday Scheme ,Net Benefit of Rs 33000 Crore

Uttar Pradesh Joins “Uday” Scheme , Would Derive an Overall Net Benefit of Rs.33000 Crore Through “UDAY” Shri Piyush Goyal Unveils Logo of “Uday” Scheme The Government of India, the State of Uttar Pradesh and Uttar Pradesh Power Corporation Limited(UPPCL), on behalf of DISCOMs  of Uttar Pradesh (Dakshinanchal Vidyut Vitran Nigam Limited, Kanpur Electric Supply… Read More »