[aaykarbhavan] Fw: TaxGuru : “Merilyn Shipping revisisited – S. 40(a) (ia) Term ‘paid’ does not only mean actual payment” plus 1 more

On Sunday, 15 December 2013 9:37 AM, TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in> wrote:

TaxGuru : "Merilyn Shipping revisisited – S. 40(a) (ia) Term 'paid' does not only mean actual payment" plus 1 more

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Merilyn Shipping revisisited – S. 40(a) (ia) Term 'paid' does not only mean actual payment Posted: 14 Dec 2013 07:17 PM PST The learned Tribunal was of the view that Section 40(a)(ia) of the I.T. Act is applicable only to expenditure payable as on 31st March of every year and cannot be invoked to disallow the amount which had already been paid during the previous year, without deducting tax at sources.

Revision of the Code of Conduct for Ministers for both Union and State Governments Posted: 12 Dec 2013 07:54 PM PST The Cabinet has approved revision of the Code of Conduct for Ministers in the Government of India as well as the State Governments.  It is now proposed to include a new para in the Code of Conduct which will read as follows:             "2. After taking office, and so long as he/he remains in...

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