parassavla.blogspot.com

Paras Savla's Blog

Friday, July 29, 2016. Evaded Tax on `Penny' Gains? Mumbai: Sachin Dave and Maulik Vyas. I-T to send notices to 1k individuals, also target promoters of such cos. News Story published in Economic Times Mumbai Edition on 29 July 2016 on page 17 - In the Story Paras Savla was quoted]. 8220;While manipulation of penny stocks is an offence and Sebi may have penalised investors caught doing that, these investors may not have paid tax on such transactions,“ one of the persons cited earlier said. R...The rev...

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Friday, July 29, 2016. Evaded Tax on `Penny' Gains? Mumbai: Sachin Dave and Maulik Vyas. I-T to send notices to 1k individuals, also target promoters of such cos. News Story published in Economic Times Mumbai Edition on 29 July 2016 on page 17 - In the Story Paras Savla was quoted]. 8220;While manipulation of penny stocks is an offence and Sebi may have penalised investors caught doing that, these investors may not have paid tax on such transactions,“ one of the persons cited earlier said. &#82...The rev...

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Paras Savla's Blog | parassavla.blogspot.com Reviews

https://parassavla.blogspot.com

Friday, July 29, 2016. Evaded Tax on `Penny' Gains? Mumbai: Sachin Dave and Maulik Vyas. I-T to send notices to 1k individuals, also target promoters of such cos. News Story published in Economic Times Mumbai Edition on 29 July 2016 on page 17 - In the Story Paras Savla was quoted]. 8220;While manipulation of penny stocks is an offence and Sebi may have penalised investors caught doing that, these investors may not have paid tax on such transactions,“ one of the persons cited earlier said. &#82...The rev...

INTERNAL PAGES

parassavla.blogspot.com

1

Paras Savla's Blog: March 2013

http://parassavla.blogspot.com/2013_03_01_archive.html

Wednesday, March 27, 2013. Receipt of buy-back of shares. Receipt on buyback of shares is subject to tax under the head Profits and Gains of Business or Profession or Capital Gains. It is proposed to provide that any income arising to a shareholder, on account of buyback of shares of an unlisted company on which tax is paid under section 115QA, would be exempt. Amendment applies from 1-4-2014. On similar lines as dividend distribution tax. Authority of Advance Ruling in RST In re [2]. Held that if a shar...

2

Paras Savla's Blog: Minimum Alternate Tax - Impact of proposals of Finance Bill '12

http://parassavla.blogspot.com/2012/05/minimum-alternate-tax-impact-of.html

Sunday, May 13, 2012. Minimum Alternate Tax - Impact of proposals of Finance Bill '12. In order to nullify these decisions clause 46(i) of the Finance Bill proposes to replace sub-section (1) w.e.f. 1-4-2013. It is now provided that –. Every company, governed by special Acts and not required to prepare accounts as per the provisions of S.211(2) of Companies Act, 1956 shall prepare its profit and loss account as per the provisions of the Act governing such company;. Labels: Finance Bill 2012. Managing Com...

3

Paras Savla's Blog: Disputes in the Film Industry and role of Competition Commission

http://parassavla.blogspot.com/2012/07/disputes-in-film-industry-and-role-of.html

Tuesday, July 10, 2012. Disputes in the Film Industry and role of Competition Commission. 11 Film industry in order to have discipline had set up self-disciplinary association or agencies. First of all the name of the film was to be registered with one of the association. Such registration protects two films having the same name are not released at the same time. Secondly whenever a. A distributor for a certain zone, this. Also registered by an association. Publicity. Distributor in the same. Nothing but...

4

Paras Savla's Blog

http://parassavla.blogspot.com/2013/03/keyman-insurance-policy-taxability.html

Friday, March 22, 2013. Keyman Insurance policy - Taxability proposed changes. Sub-clause (d) to clause (10D) of Section 10 provided that any sum received under keyman life insurance policy would not be entitled for the exemption under section 10(10D). There was anomaly whether receipt of life insurance policy would be exempt or chargeable to tax in case such keyman life insurance policy is assigned to the keyman. However Delhi High Court in case of Rajan Nanda [1]. Has held that o. Though this amendment...

5

Paras Savla's Blog: Post decision in case of Dharmendra Textile is levy of Penalty u/s 271(1)(c) Automatic?

http://parassavla.blogspot.com/2010/07/post-decision-in-case-of-dharmendra.html

Thursday, July 15, 2010. Post decision in case of Dharmendra Textile is levy of Penalty u/s 271(1)(c) Automatic? 13 In Webster's Dictionary, "inaccurate" has been defined as: "not accurate, not exact or correct; not according to truth; erroneous; as an inaccurate statement, copy or transcript.". 15 It is now a well-settled principle of law that more stringent the law, more strict construction thereof would be necessary. Even when the burden is required to be discharged by an assessee, it would not be...

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Friday, July 29, 2016. Evaded Tax on `Penny' Gains? Mumbai: Sachin Dave and Maulik Vyas. I-T to send notices to 1k individuals, also target promoters of such cos. News Story published in Economic Times Mumbai Edition on 29 July 2016 on page 17 - In the Story Paras Savla was quoted]. 8220;While manipulation of penny stocks is an offence and Sebi may have penalised investors caught doing that, these investors may not have paid tax on such transactions,“ one of the persons cited earlier said. &#82...The rev...

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