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![Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Foreign-Currency.jpg "Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]")
Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]
A division bench of the Allahabad High Court, in CIT v. Jayaprakash Industries Pvt Ltd, held that the difference on foreign currency translation which...
![Loss due to Fraud Committed by the Employees need not be proved by Producing Evidence of Legal Actions: ITAT Jaipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Loss due to Fraud Committed by the Employees need not be proved by Producing Evidence of Legal Actions: ITAT Jaipur [Read Order]")
![Amount paid on Purchase of Computer Software by a dealer is not ‘Royalty’, TDS not Applicable: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg "Amount paid on Purchase of Computer Software by a dealer is not ‘Royalty’, TDS not Applicable: Madras HC [Read Judgment]")
![CBDT issues Circular Clarifying provisions relating to Indirect Transfers [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan.jpg "CBDT issues Circular Clarifying provisions relating to Indirect Transfers [Read Circular]")
CBDT notifies Rules for Furnishing of Statement of Income distributed by Securitisation Trust [Read Notification]
The Central Board of Direct Taxes, on Wednesday issued notification regarding inserting new rules for furnishing of statement of income distributed by securitisation trust along with appropriate...
![CBDT notifies Rules for Furnishing of Statement of Income distributed by Securitisation Trust [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan-2.jpg "CBDT notifies Rules for Furnishing of Statement of Income distributed by Securitisation Trust [Read Notification]")
Furnishing declaration in terms of S. 10B(8) of the Income Tax Act is not Mandatory; ITAT Jaipur [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal, recently opined that furnishing of the declaration in terms of Section 10B(8) of the Act is mere declaratory and not mandatory. The appellate...
![Furnishing declaration in terms of S. 10B(8) of the Income Tax Act is not Mandatory; ITAT Jaipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Declaration-TaxScan.jpg "Furnishing declaration in terms of S. 10B(8) of the Income Tax Act is not Mandatory; ITAT Jaipur [Read Order]")