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Assessing Officer could not initiate reassessment proceedings on basis of mere change of opinion that income in question was taxable as 'business income' where assessing officer accepted assessee's claim that income arising from sale of land was taxable as 'long-term capital gain'. [Spunpipe and Construction Co. VS ACIT, High Court of Gujarat].
Hard copy of DVAT return for March 2014 filed on 12.05.2014 shall be considered within time provided e-return is filed by 09.05.2014.
Minor above the age of 10 years can open and operate savings bank accounts independently. [RBI/ 2013-14 /581, DBOD.No.Leg. BC.108/09.07.005/2013-14 May 6, 2014].
Banks not permitted to charge foreclosure charges / pre-payment penalties on all floating rate term loans from individual borrowers. [RBI Circular of 07-05-2014].
Use format of Memorandum & Article prescribed under Schedule I of Companies Act, 2013 to avoid resubmission / rejection of Form INC-7 for Incorporation of Company.
Hard copy of DVAT return for March 2014 filed on 12.05.2014 shall be considered within time provided e-return is filed by 09.05.2014.
Minor above the age of 10 years can open and operate savings bank accounts independently. [RBI/ 2013-14 /581, DBOD.No.Leg. BC.108/09.07.005/2013-14 May 6, 2014].
Banks not permitted to charge foreclosure charges / pre-payment penalties on all floating rate term loans from individual borrowers. [RBI Circular of 07-05-2014].
Use format of Memorandum & Article prescribed under Schedule I of Companies Act, 2013 to avoid resubmission / rejection of Form INC-7 for Incorporation of Company.