Friday, 10 April 2015

Circular On Taxation Of Capital Gains On Redemption Of Mutual Fund FMP Units

The CBDT has issued a Circular bearing No. 6 of 2015 and dated 9th April 2015 explaining the implication of capital gains in respect of units of Mutual Funds under the Fixed Maturity Plans on extension of their term.

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Bombay HC Clarifies That Genuine Bad Debt Write-offs Need Not Fail for Accounting Technicalities

  Businesses often find themselves in a peculiar position when a customer default turns into a prolonged dispute. Even where recovery procee...