Search Results for Tag : Tax
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Tax Benefits to notified backward areas in Bihar(19.08.2015)
The Income Tax Act, 1961 has been amended by the Finance Act 2015 providing tax benefits to notified backward areas in Bihar, to give these areas an o.....
Tags : Bihar, backward area, tax benefit
Parameters for Splitting of GST Revenue Between Centre and States(11.08.2015)
Under the proposed General Sales Tax regime, the Centre would levy and collect Central Goods and Services Tax, and States would levy and collect the S.....
Tags : general sales tax, levy, apportion
International Cases
Payment by employer to tax consultants to render assistance to expatriate employees is taxable ‘benefit or advantage’ as contemplated in the definition of ‘gross income’(06.09.2019)
The Appellant, BMW South Africa (Pty) Ltd (BMWSA), is part of the BMW Group (the Group) that manufactures and markets BMW vehicles and conducts worldw.....
Tags : Payment, Tax Consultant, Assessment, Legality
Income tax is charged on the employment income of an employed diver, which includes fiction that, diver is carrying on a trade(20.05.2020)
In facts of present case, Mr. Martin Fowler is a qualified diver who is resident in the Republic of South Africa. During the 2011/12 and 2012/13 tax y.....
Tags : Employment income, Tax, Levy
Essential operations of the business must be conducted within the jurisdiction in respect of which exemption is sought(07.02.2023)
The Respondent, CIMSA, is the holding company for the Coronation Group which is registered and tax resident in South Africa. During 2012, CIMSA was a .....
Tags : Income, Assessment, Tax
Gambling tax is payable in respect of freeplay credits(04.09.2023)
The Board, together with Sun International Subsidiaries Grand west and Golden Valley casinos approached the Western Cape High Court for resolution of .....
Tags : Assessment, Gambling tax, Payment
Tax debt only arose upon notice of assessment(12.07.2024)
The Commissioner for the South African Revenue Services (SARS) instituted action against the Appellants, in terms of Section 183 of the Tax Administra.....
Tags : Tax Administration Act, Tax Debt
Deeming provision had the effect of notionally separating the supply of services from the supply of goods, when in fact they were not separate supplies(03.04.2020)
Present appeal concerns the proper interpretation and application of Section 8(15) of the Value Added Tax Act 89 of 1991, in the context of a single s.....
Tags : Goods, Supply, Tax, Payment
A treaty is binding upon each party in respect of its entire territory unless a different intention is expressed(16.10.2019)
The Appellants in present case are the executors of Mrs Beryl Coulter, who died in Jersey on 9 October 2007, leaving her residuary estate on trust for.....
Tags : Inheritance tax, Relief, Entitlement
Notifications & Circulars
OECD global reforms to curb tax avoidance by MNCs(06.10.2015)
The OECD’s tax reforms, ‘Base Erosion and Profit Shifting’, to help close loopholes that allow companies avoid tax by moving profits to low-tax jurisd.....
Tags : Oecd, tax, multi national, treaty shopping
Service tax levy on services provided by a Goods Transport Agency(05.10.2015)
Ministry of Finance has taken measures to alleviate difficulties faced by Goods Transport Agencies in respect of service tax levy on the services of g.....
Tags : Service tax, goods, transport
Exchange of information with Israel and Vietnam on tax matters approved(07.10.2015)
The Cabinet has approved amendment to the Agreement between India and Vietnam for the avoidance of double taxation and for prevention of fiscal evasio.....
Tags : Double taxation, tax, Vietnam, israel, information
Road Ministry releases Advisory on licensing and operating ‘app-based’ taxi services(19.10.2015)
The Ministry of Road Transport and Highways released an Advisory for operation of ‘app-based’ taxi services. It provides licensing of ‘on-demand trans.....
Tags : Taxi, app, ministry, advisory, temporary
Income-tax (15th Amendment) Rules, 2015(12.10.2015)
Central Board of Direct Taxes amended the Income-tax Rules, 1962 with the Income-tax (15th Amendment) Rules, 2015. These modify Rule 11DD, substituti.....
Tags : Income tax, rules, amendment, fifteen, 2015
Use of email based communication for paperless Assessment Proceedings(19.10.2015)
Central Board of Direct Taxation has begun a pilot program of using email to correspond with taxpayers. The project is expected to be run in non-corpo.....
Tags : Income tax, pilot, email, correspondence, 2015
Amendment to exemption on certain taxable services from service tax under Section 66B of the Finance Act, 1994(21.10.2015)
The Central Government has made amendment to a Notification granting exemption on certain taxable services from whole of service tax leviable under Se.....
Tags : Pmjdy, rural, bank, correspondent, exempt, service tax
Report on Revenue Neutral Rate and Structure of Rates for GST(04.12.2015)
A Committee appointed by the Government to suggest tax rates under the common Goods and Services Tax framework for the whole country has released its .....
Tags : Committee report, goods and services, tax
CBDT Initiatives for reducing tax litigation(15.12.2015)
The Central Board of Direct Taxes released a Circular revising monetary limits for filing of appeals by the Department with the objective of reducing .....
Tags : Cbdt, tax appeal, revised limits
Tax on services received by apparel exporters in fabrication of garments(15.12.2015)
The Ministry of Finance has sought to clarify ambiguities regarding the applicability of service tax on services received by an apparel exporter from .....
Tags : Service tax, apparel, export, receipt
DTAA agreement with Maldives for international air transport(22.02.2016)
The Union Cabinet approved entering into an agreement with the Maldives for the avoidance of double taxation of income from international air transpor.....
Tags : Double taxation, avoidance, Maldives, airlines
Service Tax (Amendment) Rules, 2016(01.03.2016)
The Ministry of Finance notified Service Tax (Amendment) Rules, 2016 to amend Service Tax Rules, 1994. Amongst the changes is a substitution in the tr.....
Tags : service tax, partnership, advocates, deadline
Service in relation to IT Software exempt from service tax(01.03.2016)
The Ministry of Finance exempted services in relation to Information Technology Software leviable to service tax under Section 66B read with section 6.....
Tags : service tax, information technology, record, exempt
Point of Taxation (Amendment) Rules, 2016(01.03.2016)
The Ministry of Finance notified the Point of Taxation (Amendment) Rules, 2016 amending the Point of Taxation Rules, 2011. Among other changes, the ne.....
Tags : service tax, point of taxation
Income-tax (3rd Amendment) Rules, 2016(01.03.2016)
The Central Board of Direct Taxes notified Income-tax (3rd Amendment) Rules, 2016 amending the Income-tax Rules, 1962. The Rules substitute provisions.....
Tags : income tax, appeal, form 35
More Forms for e-ITR, more security(04.04.2016)
The Central Board of Direct Taxes announced the electronic filling and filing of Forms 1 and 4S for income tax returns. Furthering the shift to electr.....
Tags : Income tax, electronic filing, 2016
Clarification on levy of tax for services provided by government or authority(13.04.2016)
The Central Board of Excise and Customs issued a comprehensive clarification on the levy of service tax on services provided by the government or a lo.....
Tags : Service tax, government, business entity
Taxation Report on e-commerce business models suggests l