Daily Archives: February 18, 2016

Reopening of the assessment should indicate which material fact was not disclosed by the Assessee

By | February 18, 2016

Issue The assessee company has earned a dividend of Rs. 1,85,30,220/- which has been treated as exempt u/s 10(34) of the Act. However, no disallowance of expenditure have been made u/s 14A neither has assessee produced any details to show that no expenditure was incurred on earning of this exempt income. Held It was insisted… Read More »

Road Tax in Delhi

By | February 18, 2016

Road Tax Q. Under what section the Road Tax is paid ? Ans. As per section 3 of Delhi motor vehicle taxation Act 1962 every vehicle owner has to pay road tax at the time of registration of his vehicle and thereafter as per rule formed there under. Tax Rates Q. What are the Road… Read More »

Print & digital versions of India 2016 and Bharat 2016 released

By | February 18, 2016

I&B Minister releases India 2016 & Bharat 2016 Digitizing Government Publications is a priority area: Shri Arun Jaitley E- Commerce platforms to facilitate sale of Publications Division Books Bharat Kosh Portal to facilitate online payment & subscription services for prominent journals Shri Arun Jaitley, Minister of Information & Broadcasting, Finance and Corporate Affairs today released… Read More »

GovT sanctions 81,757 houses for urban poor in 7 states

By | February 18, 2016

Government sanctions 81,757 houses for urban poor in 7 states with an investment of Rs.4,076 cr Centre to provide assistance of Rs.1,226 cr West Bengal gets 27,830 houses, Telangana-22,817, Bihar-13,315, Mizoram-8,922, Rajasthan-6,052 Jharkhand-2,337 and Uttarakhand-484 Ministry of Housing & Urban Poverty Alleviation today sanctioned construction of 86,179 houses for Economically Weaker Sections(EWS) in urban areas… Read More »

Performance of Domestic Airlines for the year 2016

By | February 18, 2016

Performance of Domestic Airlines for the year 2016 Traffic data submitted by various domestic airlines has been analysed for the month of January, 2016. Following are the salient features: Passengers carried by domestic airlines during January, 2016 were 76.55 lakhs as against 62.45 lakhs during the corresponding period of previous year thereby registering a growth… Read More »