Smiff securities

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August undefined, 2024

Web25 Feb 2024 · Specified person means a person who has not filed his Income Tax returns for immediately 2 proceeding years for which the time limit of filing return of income under section 139 (1) has been expired; and … Web26 Nov 2024 · Smifs Securities Limited (2012) 348 ITR 302 (SC) : 2012 TaxPub (DT) 2430 (SC) held that goodwill is an asset under the expression used in Explanation 3 (b) (ii) to section 32 (1) and therefore, deprecation is allowable on such an asset as any other business or commercial rights of similar nature.

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Web19 Mar 2024 · The question whether goodwill of a business is an asset within the meaning of section 32 of the Act and whether depreciation on goodwill is allowable under the said section, is an issue which came up before Hon‘ble Supreme Court in the case Smiff Securities Limited [(2012)348 ITR 302 (SC)]. Web12 Aug 2024 · The above consequential amendments had abrogated the judgments made by the Supreme Court in CIT vs. Smiff Securities Ltd. (2012) 210 Taxman 428, Where it is held that goodwill acquired on … infant 2 weeks hypothyroidism

Depreciation on goodwill – caution! Mint

WebIn brief In the recent case of Smifs Securities Ltd.1(the assessee or the company), the Supreme Court of India (SC) held that goodwill is an intangible asset within the meaning … WebAt SMIFS LIMITED, we are inspired by the rich heritage of the company. We believe in building long term relationships with our clients and associates by laying emphasis on our … WebSmifs Securities Ltd. Aggrieved, the tax department filed an appeal before the Gujarat High Court. High Court’s decision The issue of the tenability of a claim though not raised in the … logitech advanced mk540 combo

Manner of determination of capital gain and written …

Smiff securities

No Depreciation on Goodwill from F.Y. 2024-21 - Advisory, Tax and …

Web5 Sep 2024 · Smifs Securities Ltd. [2012] 348 ITR 302 (SC) is a landmark ruling widely relied upon by other Tribunals/ High Courts in deciding on the issue. In the said judgment, the … WebSMIFS Limited is among the originator of research based investment practices in India since the last three decades. A testimony to this is the fact that it has and continues to nurture … 1. KYC: KYC is one-time exercise while dealing in securities markets - once KYC … Commodity Broking - SMIFS LIMITED - Online Share/Stock Trading & Investment … Stock Brokers can accept securities as margin from clients only by way of … People - SMIFS LIMITED - Online Share/Stock Trading & Investment Broker … Disclaimer - SMIFS LIMITED - Online Share/Stock Trading & Investment Broker … Vision Strategies - SMIFS LIMITED - Online Share/Stock Trading & Investment Broker … Values Principles - SMIFS LIMITED - Online Share/Stock Trading & Investment Broker … Useful Downloads - SMIFS LIMITED - Online Share/Stock Trading & Investment Broker …

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WebA= Book value of assets other than jewellery, artistic work, shares, securities and immovable property, income-tax paid, and any unamortised amount of deferred expenditure ... Smiff Securities Ltd. (2012) 348 ITR 302 (SC); Triune Energy Services vs. DCIT (2016) 65 taxmann.com 288 (Delhi); Areva T&D India Ltd. v. Dy. CIT [2012] 208 Taxman Web8 Feb 2024 · Supreme Court in the case of Smiff securities has ruled that depreciation could be provided on acquired goodwill. Sec 32(1) does not explicitly say that the term asset excludes goodwill for calculating depreciation.

WebSMIFS Backoffice Login Smifs Limited 4, LEE ROAD VAIBHAV BUILDING, 5TH FLOOR KOLKATA - 700 020 Powered by Sign In User ID: Password Forgot password? Login Type … WebAttention Investors. As stated in the new circular from NSE, additional margins shall be made applicable for all equity derivatives in phases starting from 14th September 2024 Attention Investors: 1. KYC: KYC is one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), …

http://bo.smwml.com/shrdbms/userlogin.ss Web2 Feb 2024 · A company that has acquired a business as a slump-sale or through a merger would have factored in tax savings on account of depreciation against goodwill in determining the transaction price. A …

Web24 Aug 2012 · CIT vs. Smifs Securities Ltd (Supreme Court) “Goodwill” is an intangible asset eligible for depreciation u/s 32. Pursuant to an amalgamation of another company with …

Web22 Feb 2024 · The Supreme Court in the case of Smiff Securities Ltd (2012) 348 ITR 302 has held that goodwill of a business is an asset and depreciation on it is admissible as deduction. Union Budget – 2024 has reversed the above judgment and has provided that no deduction shall be available towards depreciation on goodwill. Union Budget – 2024 has ... infant 39thirtyWeb1 Feb 2024 · However, in the Smiff Securities case, India’s Supreme Court ruled that goodwill is to be treated as a depreciable asset. Under the Finance Bill, goodwill has now specifically not been allowed as a depreciable asset, and where goodwill is purchased by a taxpayer, the purchase price of the goodwill can only be considered as a cost of … logitech air vent mountWeb2 Feb 2024 · “The amendment denying depreciation on goodwill seeks to overcome judgements of multiple courts, including the Supreme Court in the case of Smiff … infant4.bh outlook.com