Business Tax alerts
Stay updated. Always.
Deloitte's continuous alerts keep you updated with the latest that's happening. Watch this space regularly.
| 2012 | |
| BTX/08/2012 | Extension of relief period from 5 to 10 years in Section 10B available for existing units |
| BTX/07/2012 | Section 40(a)(ia) applies only to the amounts “payable” as on balance sheet date and not to the amounts already “paid” during the year. |
| BTX/06/2012 | Lessor not entitled to depreciation in case of finance lease |
| BTX/05/2012 | Meaning of “General Reserves” for the purpose of deduction under section 36(1)(viii) restricted |
| BTX/04/2012 | Write-off of bad debts relating to non-rural advances allowable under section 36(1)(vii) |
| BTX/03/2012 | Profits on share transactions carried through Portfolio Management Scheme (PMS) taxable as business income and not capital gains |
| BTX/02/2012 | Carried forward business loss cannot be set-off against the long term capital gains arising from the sale of land used for business |
| BTX/01/2012 | Concessional rate of 20% applicable to long term capital gains cannot be applied for gain on depreciable asset held for more than 36 months. |
