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Today (06-12-2013) is last day for deposit of (e-payment) service tax for month of November 2013. Deposit TDS/TCS by 07-12-2013(Saturday).
Search conducted in pursuance of authorization issued in absence of the eventualities mentioned in clauses (a) to (c) of sub-section (1) of section 132 of the Income tax act couldn’t be deemed as valid search [Parma Ram Bhakar Vs DY. CIT (2013) 39 taxmann.com 119, (Jodhpur – Tribunal)].
Government allows deduction of commodity transaction tax (CTT) under section 43(5) of Income tax act to traders as it forms part of business income.
Search conducted in pursuance of authorization issued in absence of the eventualities mentioned in clauses (a) to (c) of sub-section (1) of section 132 of the Income tax act couldn’t be deemed as valid search [Parma Ram Bhakar Vs DY. CIT (2013) 39 taxmann.com 119, (Jodhpur – Tribunal)].
Government allows deduction of commodity transaction tax (CTT) under section 43(5) of Income tax act to traders as it forms part of business income.
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