expenditure

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Latest blogosphere posts tagged “expenditure”

  • Gujarat Congress leader alleges irregularities in PSU


    Thaindian NewsAuthority Authority: 734
    Gandhinagar, Jan 5 (IANS) A leader of the opposition Congress party Tuesday alleged large-scale irregularities and siphoning of funds in the state public sector undertaking, Gujarat State Petroleum Corporation (GSPC). The ruling Bharatiya Janata Party (BJP) has rubbished the allegations.Shaktisinh Gohil alleged that ...
    11 hours ago
  • Expenditure claimed as revenue in nature is allowable u/s 37(1) not u/s 35AB of the Income Tax Act, 1961


    LEGAL & FINANCIAL UPDATES FROM TAX GURUAuthority Authority: 157
    The expenditure covered u/s 35AB should be in the nature of capital expenditure because the scheme of the IT Act, 1961 is that all the revenue expenses are allowable while computing income from business or profession u/s 37(1). [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]
    1 day ago
  • Bee’s tiny brain marvel of evolutionary engineering


    Thaindian NewsAuthority Authority: 734
    Sydney, Jan 4 (IANS) The tiny seed-sized brain of the honey bee is such an evolutionary marvel that it can estimate the exact energy expenditure while foraging for pollen.“To make honey, bees must gather more nectar from flowers than the energy spent collecting it, so in order to forage efficiently they need to know ...
    1 day ago
  • Accounting for Intangibles - The Income Statement is Not the Answer


    Smarter CompaniesAuthority Authority: 124
    I guess it’s time to talk about Accounting for Intangible Assets: There is Also an Income Statement by Stephen Penman. When this new paper first came out from the Center for Excellence in Accounting & Security Analysis at Columbia University, I decided to ignore it as an apology for current accounting ...
    2 days ago
  • ‘India facing acute faculty shortage in higher education’


    Thaindian NewsAuthority Authority: 734
    By Fakir BalajiThiruvananthapuram, Jan 3 (IANS) India is facing serious shortage of faculty members in higher education due to rapid increase in number of institutions, union Minister of State for Science & Technology Prithviraj Chavan said here Sunday.“We need creative solutions for addressing this challenge. ...
    2 days ago
  • Green Tea Weight Loss - How It Works


    Health Blog ~Menarec.comAuthority Authority: 116
    Green repast weight loss has been the speech of the town recently. The brew’s beneficial health effects have been enticing more grouping to start including naif repast in their daily diet. Here are the reasons why naif repast is touted as the natural way to lose weight. Green repast speeds up your metabolism. A ...
    3 days ago
  • Support for free markets and globalisation in India


    Ajay Shah's blogAuthority Authority: 498
    On 5 October 2007, I had written a blog post Does urban India favour liberal economics? , where I had used survey data released by the Pew Institute, which measures attitudes of roughly 45,000 people worldwide with roughly 2,000 in India . Their sampling mechanism has an urban ...
    4 days ago
  • Central government to pay 90 percent of high school expenses in northeast


    Thaindian NewsAuthority Authority: 734
    Agartala, Jan 1 (IANS) The central government will provide 90 percent of the amount required to enroll and educate high school students in the northeastern states, a minister said here Friday.The students in the age group of 15-16 years will be enrolled under Rashtriya Madhyamik Shiksha Abhiyan (RMSA).“Of the eight ...
    4 days ago
  • Bangladesh ‘almost free of global recession’


    Thaindian NewsAuthority Authority: 734
    Dhaka, Jan 1 (IANS) Bangladesh says it is “almost out of the impact of the global economic recession” with every economic index looking positive.“In the outgoing year, our exports, imports of capital machineries were on the rise, foreign exchange reserves and remittance were also satisfactory. In fact, we are ...
    4 days ago
  • Interest on funds borrowed for acquiring controlling interest not allowable expenditure under the Income Tax Act


    LEGAL & FINANCIAL UPDATES FROM TAX GURUAuthority Authority: 157
    The Taxpayer incurred interest expenditure on the funds borrowed for investing in shares of a company, with a view to acquire controlling interest. The ITAT held that the interest expenditure incurred is not allowable under Section 57(iii)(Section)... [[ This is a content summary only. Visit my website www.taxguru.in ...
    6 days ago
  • Perquisite Valuation rules not considered the inflation and old exempt amount limit been kept


    LEGAL & FINANCIAL UPDATES FROM TAX GURUAuthority Authority: 157
    The fringe benefit tax (FBT) was strongly opposed by India Inc, but there is no doubt that it was beneficial to the employees — they did not have to directly bear the tax on many perquisites. The repeal of FBT meant uncertainty on taxation of perks.... [[ This is a content summary only. Visit my website ...
    1 week ago
  • Of Chiefs and Indians


    Kings of WarAuthority Authority: 505
    I’ve managed to avoid the news and reading about war for most of the last week. Thanks go to Peter Carey, Garrison Keillor and Julian Evans. Back to the fray today, with a question that came up in class last term, and draws the attention of Michael Evans today : why are there so many senior officers in the British ...
    1 week ago
  • Play the percentages to pay off debt


    Ask Liz WestonAuthority Authority: 476
    Dear Liz: My wife and I are working to get out of debt, and I am interested in comparing the amounts we spend on mortgage, food, diapers and so on with what would be considered ideal or at least average for homeowners living in areas with a high cost of living. Do you have recommended percentages for various items? I ...
    1 week ago
  • IBM wins 10-year deal with Gujarat bank


    Thaindian NewsAuthority Authority: 734
    Bangalore, Dec 28 (IANS) IT major IBM India has signed a 10-year information technology (IT) services agreement with Sardar Bhiladwala Pardi People’s Cooperative Bank in Gujarat, the company said Monday.“The operational expenditure in the pay-as-you-use model will enable the leading cooperative bank to save up to ...
    1 week ago
  • Roundup: Economy and Bond Market (12/24/2009)


    GreenLightAdvisor ViewsAuthority Authority: 141
    The Economy and Bond Market http://advisoranalyst.com/glablog/wp-admin/post.php?action=edit&post=5466&message=6 The yield on the 10-year Treasury note increased by 26 basis points during the holiday-shortened week, leaving the yield at 3.80 percent. The spread between the two-year note and the 10-year note ...
    1 week ago
  • Allowability of depreciation on participatory right in the nature of license


    LEGAL & FINANCIAL UPDATES FROM TAX GURUAuthority Authority: 157
    This article summarizes a recent ruling of the Delhi Income Tax Appellate Tribunal (ITAT) in the case of M/s ONGC Videsh Ltd. (Taxpayer) [2009-TIOL-758-ITAT-DEL] on the issue of allowability of depreciation on participatory right to carry out the... [[ This is a content summary only. Visit my website www.taxguru.in ...
    1 week ago
  • Green Tea Weight Loss: How it Works


    HEALTHY LIVING TIPSAuthority Authority: 137
    Green tea weight loss has been the talk of the town recently. The brew’s beneficial health effects have been enticing more people to start including green tea in their daily diet. Here are the reasons why green tea is touted as the natural way to lose weight.Green tea speeds up your metabolism.A study has found [...]
    1 week ago
  • The darkest hour is just before dawn.


    InvestmentWatchAuthority Authority: 158
    The concensus seems to be that all is gloom and doom. The pound is lost, the economy is finished, the debt impossible. Or is it? O ye of little faith! The darkest hour is just before dawn. The Bank of England will do the trick and manage the situation. It has done a brilliant job of stabilising the mess created by ...
    1 week ago
  • Plan Your Finances To Be Successful In Everything


    Mortgage-BlogAuthority Authority: 155
    Regardless of what level of income of the main financial planning is mandatory. In order to earn the money must have money. At least a handful of his hiding somewhere. This means that you have to structure you act now, so you’ll have money when you need it. In the 1997 report, the U.S. Bureau of Labor Statistics ...
    1 week ago
  • Income from convention centre run by a hotel company is eligible to expenditure tax


    LEGAL & FINANCIAL UPDATES FROM TAX GURUAuthority Authority: 157
    For the purpose of Expenditure Tax Act, 1987 the convention center managed by a hotel is an extension of the hotel itself and therefore, rent collection from the convention center shall be eligible for the levy of expenditure tax. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]
    1 week ago

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