Wednesday, 1 February 2012

CBDT Extends last date for submission of ITR-V for A.Y. 2011-12

Income tax department has informed by way of notice on its website that  due date for submission of ITR-V for A.Y. 2011-12 has been extended upto 31.03.2012 or 120 days from the date of upload whichever is later.

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Bombay High Court Clarifies Tax Exemption Eligibility for Venture Capital Funds

  In a significant ruling, the Bombay High Court has reaffirmed that a Venture Capital Fund (VCF) registered with SEBI is entitled to claim ...