Thursday, 26 April 2012

NEW VERSION OF RPU 2.8 for E TDS RETURN

Key features of NSDL Return Preparation Utility (RPU) version 2.8

·         Incorporated FVU: FVU version 3.4 and FVU version 2.132 are incorporated.
·         Relaxation in the validation for date of deduction, wherein the user can quote “Date of Deduction” beyond the quarter

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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...