Guidelines for Accounting of Repo/Reverse Repo Transactions.

Clarification regarding allowing losses on account of forex derivatives - Instruction No. 03/2010, dated 23-3-2010. source www.taxmann.com

DTC not to override tax treaties

SEBI (Credit Rating Agencies) (Amendment) Regulations, 2010 - Amendment in regulation 2 & 9. http://ping.fm/GgpFs

Obligation to deduct tax at source u/s 195 arises only when payment is chargeable under provisions of Act (Dissented from Samsung’s case).

CBDT’s clarification on allowing losses on account of Forex derivatives [Source : www.taxmann.com]

Banking : Guidelines for Accounting of Repo/Reverse Repo Transactions [Source : www.taxmann.com]

IT –Once source is proved, it is not possible to treat deposits collected from public under Companies Act as unexplained credit [ITAT-Coch.]

IT – Indo-US Treaty : Persons deputed by an American co. to an Indian co. cannot be considered as its PE in India when services….[ITAT-Mum.]

IT –Indo-German Treaty : Payment made for purchase of software cannot be treated either as interest or royalty or even as technical services