Thursday, 1 December 2011

Extension of Due date of XBLR Filing


The Last date for filing financial statements in XBRL mode(Form 23AC-XBRL and 23ACA-XBRL) without any additional fee has been extended from present date i.e 30th November, 2011 to 31st December 2011 or within 60 days of due date of filing, whichever is later, vide circular No. 69/2011 dated 30.11.2011.

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Delhi HC: No Deemed Gift Tax on Share Buy-Back at Discount

The Delhi High Court in the case of Globe Capital market has ruled that a company’s buy-back of its own shares cannot be taxed under Section...