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Only relevant portion chargeable to tax and not full amount shall be disallowed u/s 40(a)(i) for payment to non-resident without TDS. [CBDT Circular 3 of 12-02-2015].
Interest u/s 234A cannot be charged on the amount of tax already paid before due date, where return is filed after the due date. [CBDT has issued a Circular No. 2 of 2015 dated 10.02.2015].
Online IEC application fees corrected to Rs. 250 instead of Rs. 500. Public Notice No.85 (RE-2013)/2009-2014, dated the 13th February, 2015.
Even statutory reserve created by NBFC was to be added back for computing book profits for MAT purposes. [SREI Infrastructure Finance Ltd. vs. ACIT - [2015] 54 taxmann.com 254 (Delhi)].
Interest u/s 234A cannot be charged on the amount of tax already paid before due date, where return is filed after the due date. [CBDT has issued a Circular No. 2 of 2015 dated 10.02.2015].
Online IEC application fees corrected to Rs. 250 instead of Rs. 500. Public Notice No.85 (RE-2013)/2009-2014, dated the 13th February, 2015.
Even statutory reserve created by NBFC was to be added back for computing book profits for MAT purposes. [SREI Infrastructure Finance Ltd. vs. ACIT - [2015] 54 taxmann.com 254 (Delhi)].