Search Results for Tag : Computation
News
Delhi HC Strikes Down Certain Parts of ICDS Provisions and CBDT Notifications(09.11.2017)
Delhi High Court has struck down Parts II, III, VI, VII and VIII of the Income Computation and Disclosure Standards (ICDS) and certain connected Notif.....
Tags : Delhi High Court, Income Computation and Disclosure Standards, Central Board of Direct Taxes
Delhi HC Strikes Down Parts Of ICDS Provisions And CBDT Notifications(13.11.2017)
Delhi High Court has struck down certain portions of Parts I, II, III, IV, VI, VII and VII of Income Computation and Disclosure Standards (ICDS) and c.....
Tags : Delhi High Court, Income Computation and Disclosure Standards
Govt. Postpones ICDS Norms Enforcement By a Year(07.07.2016)
Govt. has said that Income Computation and Disclosure Standards (ICDS) will now be applicable from the current fiscal year as against 2015-16 notified.....
Tags : Govt. , Income Computation and Disclosure Standards (ICDS)
7th Pay Commission: Pay Hike for 3610+ Judges of SC & HCs Approved(29.11.2017)
7th Pay Commission: Pay Hike for 3610+ Judges of SC & HCs Approved
Tags : The decision will directly impact the computation of salaries, gratuity, allowance structure, and pension of the in-service as well as retired judges of Supreme Court as well as High Courts across the country.
Notifications & Circulars
Central Board of Direct Taxes (CBDT) invites comments from stakeholders on Draft Income Computation and Disclosure Standards on Real Estate Transactions by 26th May, 2017(11.05.2017)
The Committee constituted by the Finance Minister to suggest the areas in respect of which further Income Computation and Disclosure Standards (ICDS) .....
Tags : Comments, Invitation, Income Computation
Revision in computation of Core Settlement Guarantee Fund in Commodity Derivatives Segment(23.05.2023)
1. SEBI vide Circular CIR/MRD/DRMNP/25/2014 dated August 27, 2014 had prescribed norms related to Core Settlement Guarantee Fund (Core SGF), Default w.....
Tags : Revision, Computation, Commodity Derivatives
Judgments
Deduction under Section 10A would be made while computing gross total income of eligible undertaking under Chapter IV of Act(16.12.2016)
The true and correct meaning and effect of provisions of Section 10A of Income Tax Act, 1961 is the principal issue arising for determination. Appella.....
Tags : Deduction, Computation, Gross total income
Assessee is entitled to reduce the book profits by the amount of loss brought forward (excluding depreciation) or unabsorbed depreciation(10.03.2023)
The assessee has challenged the computation of adjustment allowable in terms of clause (iii) of Explanation-1 to Section 115JB(2) of Income Tax Act, 1.....
Tags : Computation, Adjustment, Loss
Interest shall be computed from the date when the refund was due to be paid to the person till the date of payment of refund(27.05.2024)
The Petitioner has preferred present petition for issuance a writ of certiorari thereby quashing impugned order, where in interest has been provided f.....
Tags : Interest, Computation, Legality
Revised framework for computation of Net Distributable Cash Flow (NDCF) by Infrastructure Investment Trusts (InvITs)(06.12.2023)
1. Regulation 18(6) of SEBI (Infrastructure Investment Trust) Regulations, 2014 ("InvIT Regulations"), provides that the Net Distributable Cash Flow (.....
Tags : Revised framework, Computation, NDCF
For computing the disallowance under Section 14A of the IT Act, only the investments which yielded exempt income to the assessee should be considered(10.10.2023)
The assessee is engaged in the business of lease, finance and investments. The only issue to be decided in present appeal is as to whether the learne.....
Tags : Assessment, Disallowance, Computation