Corpus Donation Received by the Trust Not Registered under Section 12A
Taxation of the Corpus Donation received by a unregistered Charitable Tru
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Taxability of the Amount Transferred to Director’s Account to Safeguard Interest of the Company
The amount transferred by the company to the Director’s personal account to safeguard the interest of the Company will not amount to Deemed Dividend u/s 2(22)(e) Facts The assessee1 was a Director in a company. During the relevant assessment year, the Company transferred certain amount to assessee’s personal account. Per the revenue, this amount was
Deductibility of Premium Paid on Forward Contract
Premium paid on forward contract for hedging against loan taken for capital purposes is not allowed as deduction. FactsAssessee1 was engaged in the business of generation of wind energy. During the concerned year, assessee paid premium towards the forward contract entered into to hedge against foreign currency rate fluctuation in respect of FCNR loan availed
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