Wednesday, 11 April 2012

New One Page Form for New PAN Card or/And Changes or correction in PAN Data

Income tax department has released a new form for  New PAN Card or/And Changes or correction in PAN Data.  the new form is simple then earlier form 49A and easy to fill.  the form also have column to fill AADHAAR.number for the applicants who already have one.

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Interest on Foreign Currency Loan & Corresponding Forex Loss for Strategic Share Acquisition Held Deductible as Revenue Expenditure

  The tax treatment of interest on funds borrowed to acquire shares hinges on a single, crucial distinction: the   purpose   behind the acqu...