Friday, 30 March 2012

Increase in passgenger fares of Indian Railway w.e.f April 1, 2012


The Indian Railway had issued the circular in respect of increased fares and also to collect the diffrence of fares.  read more at

https://www.irctc.co.in/beta_htmls/Revised%20_fare_from%201-Apr-2012.pdf

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Supreme Court ruling holds non-compete fee is allowable as revenue expenditure

  The Hon’ble Supreme Court settled the long-standing controversy surrounding the tax treatment of non-compete fees and, based on the facts ...