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NICAI UPDATES:
Extension of last date to submit online Tax wise breakup of stock on 31-03-2013 to 05-10-2013.for all DVAT dealers [DVAT Notification of 16-09-2013].
Transaction amongst Indian PE of foreign company and another resident entity is not an ‘international transaction’. [IJM (INDIA) Infrastructure Limited Vs. ACIT (2013) 37 taxmann.com 200 (Hyderabad - Tribunal)].
The CBDT has permitted Electoral Trusts to file their applications up to 30th November, 2013 in respect of Assessment Year 2014-15 for approval under clause (22AAA) of Section 2 of the Income-tax Act, 1961 [read with Para 5(a) of the Electoral Trusts Scheme, 2013].
Extension of last date to submit online Tax wise breakup of stock on 31-03-2013 to 05-10-2013.for all DVAT dealers [DVAT Notification of 16-09-2013].
Transaction amongst Indian PE of foreign company and another resident entity is not an ‘international transaction’. [IJM (INDIA) Infrastructure Limited Vs. ACIT (2013) 37 taxmann.com 200 (Hyderabad - Tribunal)].
The CBDT has permitted Electoral Trusts to file their applications up to 30th November, 2013 in respect of Assessment Year 2014-15 for approval under clause (22AAA) of Section 2 of the Income-tax Act, 1961 [read with Para 5(a) of the Electoral Trusts Scheme, 2013].