Search Results for Tag : tax
Judgments
Contradictory ‘dominance’ reports for the same market bewilder CCI(09.02.2016)
The Competition Commission of India dismissed a complaint by Mega Cab, a popular app-cab operator, for investigation into the creation of barriers to .....
Tags : Radio taxi, relevant market, financial backing, exlclusivity
Top Story
Claiming time of essence in property sale? Prove it!(16.02.2016)
Bangalore High Court set a high threshold for claims that time was of the essence in a contract for sale of immovable property. Onus, however, was pla.....
Tags : reasonable, time of essence, immovable property, sale, income tax clearance
Notifications & Circulars
Need to move towards a mindset of voluntary compliance and payment of legitimate taxes - Finance Minister(26.12.2016)
Payment of due tax is a responsibility of every citizen; Coordination between the Central and the State administration is important for smooth transit.....
Tags : Taxes, Payment, Voluntary Compliance
Lok Sabha Passes the Taxation Laws (Second Amendment) Bill, 2016(28.11.2016)
After the demonetization drive of discontinuing old 500 and 1000 rupees note, the central government has introduced the Taxation Laws (Second Amendm.....
Tags : Bill, Taxation laws, Amendment
Income Tax Department receives Silver Award for e-filing of Income Tax Returns project in the Awards National on e-Governance 2016-2017(10.01.2017)
The Income Tax Department is proud to announce that it has been conferred the Silver Award in the National Awards on e-Governance-2016-17 for the e-fi.....
Tags : Tax-returns, e-filing, Awards National
Declaration of Black Money by Tax Payers(07.02.2017)
There is no official estimation of percentage of black money held in India in cash. In the last financial year (2015-16) 648 disclosures involving und.....
Tags : Black money, Declaration, Tax payers
CBDT has been asked to consider inclusion of Service Charge while assessing tax: Shri Ram Vilas Paswan(13.09.2017)
Shri Ram Vilas Paswan, Union Minister for Consumer Affairs, Food & Public Distribution told that in order to check the levying of Service Charge compu.....
Tags : Service Charge, Inclusion, Tax, Assessment
Certain transitional issues arising with respect to payment of service tax after 30th June 2017(28.09.2017)
I am directed to refer to two such issues which have arisen in the above context and to state that these issues have been examined and the following c.....
Tags : Transitional issues, Service tax, Payment
Clarification regarding taxability of custom milling of paddy(20.11.2017)
1. Representations have been received seeking clarification on whether custom milling of paddy by Rice millers for Civil Supplies Corporation is liabl.....
Tags : Taxability, Milling, Paddy
Reporting of U.S. Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions(15.01.2018)
India and USA have signed the Inter-Governmental Agreement (IGA) under FATCA in 2015. To enhance the effectiveness of information exchange and transpa.....
Tags : Tax Identification Numbers, (TINs), Accounts, Financial Institutions
Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund and for Refund of the unutilized Input Tax Credit(29.11.2017)
The Government of India is seized of the issue of Exporters complaining about delay in grant of refunds pertaining to Integrated Goods and Services Ta.....
Tags : Refund, IGST, Input Tax
CBDT notifies Income Tax Return Forms for Assessment Year 2018-2019(05.04.2018)
The Central Board of Direct Taxes (CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18.....
Tags : CBDT, Forms, Income tax
GST leads to Formalization of Economy and Widening of Tax Base(18.06.2018)
Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augm.....
Tags : GST, Tax Base
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
Municipal taxes would be a part of the "rent" payable by tenant to landlord(09.08.2018)
Present appeal by special leave by the landlord is against the order passed by the Calcutta High Court. Proceeding were under the West Bengal Premises.....
Tags : Municipal taxes, Payment, Obligation
Value of both supply and service is to be added for payment of service tax under composition scheme(18.09.2018)
The facts of the matter are that, the Respondent/Assessee is registered with the department for various services such as erection, commissioning and i.....
Tags : Valuation, Tax, Evasion
Draft Notification proposing Amendment of Rules 2C, 2CA and 11AA and for Nos. 10G, 56 and 56G of the Income-Tax Rules, 1962 placed in public domain for inputs from stakeholders and general public(29.10.2018)
Currently, for grant of approval under sub-clauses (iv) and (v) of clause (23C) of Section 10 of the Income-tax Act, 1961 (the Act), for exemption of .....
Tags : Draft Notification, Amendment, Income-Tax Rules
CBDT identifies non-filers through Non-filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY 2018-2019(22.01.2019)
The Non-filers Monitoring System (NMS) aims to identify and monitor persons who enter into high value transactions and have potential tax liabilities .....
Tags : Non-filers, Identification, Tax liability
News
Government Sets-Up Tax Policy Research Unit and Tax Policy Council(03.02.2016)
Government has set-up Tax Policy Research Unit and Tax Policy Council to bring consistency, multidisciplinary inputs, and coherence in Tax Policy.
Tags : Government, Tax Policy Research Unit , Tax Policy Council
Central Government’s Last Budget Showers Benefits To Tax Payers Aiming Upcoming Elections(01.02.2019)
The Finance Minister Shri Piyush Goyal presented an interim budget in Parliament on Friday and announced numbers of benefits to the people. Aimed at u.....
Tags : Budget, Benefit, Tax-payers
CBDT issues Draft Notification for Amendment of Form No 10B of the Income-tax Rules, 1962(21.05.2019)
Section 12A of the Income-tax Act, 1961 (the Act) provides for conditions for applicability of Sections 11 and 12 of the Act. One such condition under.....
Tags : Notification, Amendment, Form No 10B, Income-tax Rules
Taxability of the service of access to a road or bridge in the period 8-11-2016 to 1-12-2016(21.05.2019)
I am directed to draw your attention to a representation from the Construction Federation of India wherein they have stated that due to the demonetisa.....
Tags : Taxability, Service, Access to a road or bridge
A thing is a part of the other, if other cannot function without it(26.03.2019)
In facts of present case, the Respondent is engaged in the business of trading of spare parts of mining machinery, steel wire ropes, standard wires, w.....
Tags : Goods, Classification, Rate of tax, Levy
E-filing of Income Tax Returns registers an increase of 19%(06.05.2019)
There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns(ITR) e-filed during Financial Year(F.Y.) 2018.....
Tags : E-filing, Income Tax, Returns
CBDT issues clarification on eligibility of small Start-ups to avail tax holiday(22.08.2019)
The Central Board of Direct Taxes (CBDT) has clarified that, small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax hol.....
Tags : Tax Holiday, Eligibility, Small Start-ups, Clarification
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
Government brings Taxation Laws (Amendment) Ordinance, 2019 slashing corporate tax rates to boost investment(20.09.2019)
In order to make certain amendments in the Income-tax Act, 1961 and the Finance Act, 2019, the Government has brought in the Taxation Laws (Amendment).....
Tags : Ordinance, Corporate tax, Reduction
Cabinet approves protocol amending convention between India and Brazil for avoidance of double taxation(06.11.2019)
The Union Cabinet Chaired by the Prime Minister approved the signing of the Protocol amending the Convention between India and Brazil for the avoidanc.....
Tags : Convention, Approval, Double Taxation
Parliament Passes Taxation (Amendment) Bill, 2019 Replacing the Ordinance Promulgated by President in September, 2019(05.12.2019)
Rajya Sabha has cleared the Taxation Laws (Amendment) Bill, 2019, replacing an Ordinance that was used to slash corporate tax rates to stimulate growt.....
Tags : Bill, Clearance, Corporate tax rate, Slashing of
CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN(15.08.2019)
With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and .....
Tags : Transparency, Tax Administration, Steps
Cabinet approves protocol amending the Convention between India and Brazil for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income(06.11.2019)
The Union Cabinet Chaired by the Prime Minister Shri Narendra Modi approved the signing of the Protocol amending the Convention between the Government.....
Tags : Protocol, Approval, Double taxation
Kerala HC Permits Release of Goods by Furnishing Simple Bond, Directs Expedite Adjudication(23.03.2018)
Kerala High Court has permitted the assessee to release goods detained by the State GST department by furnishing a simple bond. The Court also directe.....
Tags : Kerala High Court, Goods and Services Tax
Interest on delayed GST payment will now be calculated on net tax liability(15.02.2020)
The Central Board of Indirect Taxes and Customs (CBIC) released a statement clarifying that, interest payable on delayed payment of GST will be calcul.....
Tags : Tax liability, Interest, Delayed payment
Govt Amends Rules relating to Anti-Profiteering Authority(26.03.2018)
Central Board of Excise and Customs (CBEC) has notified the Central Goods and Services Tax Rules (Third Amendment) by amending the rules relating to a.....
Tags : Goods and Services Tax
Cabinet approves protocol amending the Agreement between India and Sri Lanka for avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income(12.02.2020)
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the Signing and Ratification of the Protocol amending the Agreement .....
Tags : Agreement, Amendment, Double taxation
CBDT Notifies Revised Form 3CE for APA Seeking Taxpayer Identification Number of AE(20.06.2017)
Central Board of Direct Taxes (CBDT) has notified revised Form 3CE for Advance Pricing Agreements (APAs) wherein furnishing of Taxpayer Identification.....
Tags : Central Board of Direct Taxes, Advance Pricing Agreements
Clarification in respect of option under Section 115BAC of the Income-tax Act, 1961(13.04.2020)
1. Section 115BAC of the Income-tax Act, 1961 (the Act), inserted by the Finance Act, 2020 wef the assessment year 2021-22, inter alia, provides that .....
Tags : Clarification, Filing return, Tax deduction
Punjab and Haryana High Court Denies to Stay Imposition of Property Tax in City(06.10.2015)
Punjab and Haryana HC has denied to pass any interim order to stay levy of property tax in Chandigarh after UT Administration said that it was authori.....
Tags : Punjab and Haryana High Court,Property Tax
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
Income Tax Department validates Unique Document Identification Number generated from ICAI portal for Tax Audit Reports(26.11.2020)
In continuation with the ongoing initiatives of the Income Tax Department for integrating with other Government agencies, Income-tax e-filing portal h.....
Tags : Validation, UDIN, Tax Audit
Central Government announces income tax relief for real-estate developers and home buyers(13.11.2020)
Finance Minister announces certain income tax relief measures for real-estate developers and home buyers. This being a much needed step would infuse p.....
Tags : Tax relief, Announcement, home buyers
Govt. Extends Due Date for Filing GSTR-6 by Input Service Distributors(24.01.2018)
Central Government has extended the last date for filing GSTR-6 by Input Service Distributors under the GST regime. As per the notification, the tax p.....
Tags : Goods and Service Tax
Remittance made by the assessee abroad towards commission expenses is not chargeable to tax in India(11.01.2021)
In instant case, the Assessing Officer (AO) disallowed claim towards commission expenses on export sales to the extent of Rs. 78,90,570 in the course .....
Tags : Assessment, Tax, Levy
Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020(28.10.2020)
1. With the objective to reduce pending income tax litigation, generate timely revenue for the Government and benefit taxpayers by providing them peac.....
Tags : Clarifications, Direct Tax, Act, 2020
CBDT Relaxes Taxation Norms for Bonds, Debentures Held by Companies(23.03.2016)
Central Board of Direct Taxes (CBDT), while easing the norms, has said capital gains tax will be computed from the date of acquisition of financial in.....
Tags : Central Board of Direct Taxes , Bonds, Debentures
Green tax to be imposed on older vehicles soon, to clean up the environment by phasing out unfit and polluting vehicles(25.01.2021)
The Union Minister for Road Transport and Highways Sh. Nitin Gadkari has approved a proposal to levy a "Green Tax" on old vehicles which are polluting.....
Tags : Green tax, Imposition, Older vehicles
ITC Available on Vehicles Supplied to Customers on Lease Rent Subject to Conditions: AAR(19.04.2019)
Authority for Advance Ruling (AAR), Madhya Pradesh has ruled that Input Tax Credit (ITC) is available on GST paid on vehicles provided to different cu.....
Tags : AAR, Input Tax Credit, Vehicles
HSN Code mandatory from 1st April for GST taxpayer with turnover of more than Rs 5 Crore(31.03.2021)
CBIC (Central Board of Indirect Taxes and Customs) with effect from 1st April has made mandatory for a GST taxpayer, with a turnover of more than Rs 5.....
Tags : HSN Code, Mandatory, GST taxpayer
Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic(02.05.2021)
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbr.....
Tags : Relief measures, Taxpayers, GST law
In order to bring ‘Business profits’ of a resident of the other country to tax in India within the ambit of Article 7 of DTAA, foreign enterprise must have a Permanent Establishment (PE) in India(15.06.2021)
The assessee is a company registered in, and a tax resident of the United States of America. No return of income was filed for the year under consider.....
Tags : Assessment, Tax, Levy
#GST: Eighteen Sections of CGST Act Comes Into Force Tomorrow(21.06.2017)
Central Government has notified that eighteen sections (1-5, 10, 23-30, 139, 146, 164) of Central Goods and Services Tax (CGST) Act will be implemente.....
Tags : Goods and Services Tax, GST, CGST Act
Procedure for exercise of option under sub-section (1) of Section 245M and intimation thereof by furnishing and upload of Form No. 34BB under sub-Rule (1) of Rule 44DA of Income-Tax Rules, 1962(24.05.2021)
In exercise of the powers conferred by the Department of Revenue, Ministry of Finance, under sub-rule (3) and sub-rule (4) of Rule 44DA of the Income-.....
Tags : Form, Income Tax
Prime Minister launches platform for "Transparent Taxation”(13.08.2020)
In order to reform tax system, Prime Minister launches platform for ‘Transparent Taxation - Honoring the Honest’. The Prime Minister said that, the pl.....
Tags : Taxation system, Transparency, Reforms
Income Tax Amendment (19th Amendment), Rules, 2021(07.07.2021)
In exercise of the powers conferred by proviso to section 50 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Dire.....
Tags : Income Tax, Amendment, Rules
Payment made by hospital to consultant doctors requires deduction of tax at source under Section 194J of IT Act(12.07.2021)
The revenue is aggrieved by findings of Learned Commissioner of Income Tax (Appeal) [CIT(A)] that, the payment made by assessee hospital to certain co.....
Tags : Tax deduction, Applicability, Provision
Allahabad HC Directs to Re-Open the Facility to File TRAN-1 in GST Portal(25.01.2018)
Allahabad High Court has directed the Government to re-open the Goods and Services Portal in order to enable the tax payer to file TRAN-1.
Tags : Goods and Services Tax
CBDT launches e-portal for filing complaints regarding tax evasion(12.01.2021)
The Central Board of Direct Taxes has launched an automated dedicated e-portal on the e-filing website of the Department to receive and process compla.....
Tags : Tax evasion, E-portal, Launch
Third Protocol Amending India-Singapore DTAA notified(23.03.2017)
The Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016, has come into force on.....
Tags : Double Taxation, Protocol, Amendment
Karnataka HC Issues Notice on Plea Against Levy of Property Tax on Buildings & Lands(16.12.2021)
Karnataka High Court has issued notice on a plea challenging certain provisions of the Karnataka Municipal Corporations Act 1976 that provide for levy.....
Tags : Karnataka High Court, Levy of Property Tax on Buildings & Lands
CESTAT, Mumbai: Application for Compounding of Offence Can Not be Rejected on Technical Grounds(20.02.2020)
Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai has held that the purpose of compounding of offence against the payment of compoundin.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Application for Compounding of Offence
Finance Minister presented Union Budget, 2022 in the Lok Sabha(01.02.2022)
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament. The Union Budget while co.....
Tags : Budget, Proposal, Taxpayers
ITAT, Pune: French Company Can’t be Taxed for Rendering IT Support Services to Indian Entities(03.03.2020)
Income Tax Appellate Tribunal (ITAT), Pune bench has held that the Information Technology (IT) support services rendered by a French Company to an Ind.....
Tags : Income Tax Appellate Tribunal, French Company Rendering IT Support
CBDT extends due dates for filing of Income Tax Returns(11.01.2022)
CBDT extends due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961 (I.....
Tags : Extension, Timelines, Income-tax returns
Union Finance Minister said Goods and Services Tax is an efficient tax system which not only checks tax evasion but also helps evolving India to become very strong society(29.05.2017)
Inaugurating the National Academy of Customs, Indirect Taxes and Narcotics (NACIN) Campus in the Bengaluru today, the Union Finance Minister Shri Arun.....
Tags : GST, Efficient, Tax evasion, Checks
ITAT, Kolkata: Contributions Made After Statutory Due Date Shall be Allowable as Deduction(22.03.2022)
Income Tax Appellate Tribunal (ITAT), Kolkata has allowed relief to Deloitte Haskins & Sells, holding that the contributions made after the statutory .....
Tags : Income Tax Appellate Tribunal, Contributions Made After Statutory Due Date
Machinery provision which enables the Assessee to avail concession or benefit conferred by substantive provision in the Act need to be construed liberally(05.09.2017)
In facts of present case, The Appellant is the owner of the premises. It consists of two-storey building and some land appurtenant thereto ("the premi.....
Tags : Valuation, Premises, Tax, Payment
Deposit of tax during the course of search, inspection or investigation(25.05.2022)
1. During the course of search, inspection or investigation, sometimes the taxpayers opt for deposit of their partial or full GST liability arising ou.....
Tags : Deposit, Tax, Investigation
GST: Govt Extends Special Refund Fortnight till 16th June(13.06.2018)
Central Board of Indirect Taxes and Customs (CBIC) has extended the refund fortnight for fast track clearance of pending dues to exporters by two days.....
Tags : Goods and Services Tax
Central Government notifies 'SEEPZ Special Economic Zone Authority' as an Authority constituted under the Special Economic Zone Act, 2005(20.04.2022)
In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for .....
Tags : Special Economic Zone, Income Tax Act
AAR, Gujarat: GST ITC Admissible on Bus Hired for Employees Transportation(02.05.2022)
Authority of Advance Ruling, Gujarat has observed that the Goods and Services Tax Input Tax Credit is permissible on buses hired for transportation of.....
Tags : Authority of Advance Ruling, Goods and Services Tax, Input Tax Credit, 13 passengers
New updated Version of Income Tax Return Statistics for Assessment Year 2012-13 released(19.08.2016)
Central Board of Direct Taxes (CBDT) had proactively released data relating to direct tax collections, PAN allocation and distribution of income in th.....
Tags : Statistics, Income Tax Return, updated Version
Fertilizers Supplied for Use in Manufacture of Other Fertilizers Attract 5% GST: CBIC(13.08.2018)
Central Board of Indirect Taxes and Customs (CBIC) has clarified that the fertilizers supplied for direct use as fertilizers, or supplied for use in t.....
Tags : Goods and Services Tax
Chhattisgarh HC: Assessing Officer Failed to Record Reason for Issue of Notice u/s 148(07.04.2022)
Chhattisgarh High Court has quashed a notice on grounds that the Assessing Officer had failed to record the reason for issue of notice under section 1.....
Tags : Chhattisgarh High Court, section 148 of the Income Tax Act, 1961, Assessing Officer
ITAT, Bangalore: Agricultural Land Not Converted at Time of Sale Not Included as Capital Gain(11.04.2022)
Income Tax Appellate Tribunal, Bangalore has observed that since the agricultural land was not converted at the time of sale, the sale consideration s.....
Tags : Income Tax Appellate Tribunal, agricultural land, sale consideration, Income Tax Act, 1961, assessee
Further clarification on tax in reverse charge on gold ornaments(13.07.2017)
In the GST Ki Master Class held yesterday, in one of the replies given to an on-the-spot-question, it was informed that purchase of old gold jewellery.....
Tags : Reverse charge, Gold ornaments, Tax, Clarification
ITAT: Income Tax Penalty U/S 271E Cannot be Levied In Absence of Regular Assessment(13.05.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that the income tax penalty under Section 271E of the Income Tax Act, 1961 cannot be levied in the .....
Tags : Income Tax Appellate Tribunal, Income Tax Act, 1961, Section 271E, assessee
Govt. Notifies GST Rate of 2.5% on Scientific & Technical Equipments Supplied to Certain Institutions(16.11.2017)
Central Board of Excise and Customs (CBEC) has notified Concessional Goods and Services Tax (GST) rate of 2.5% on Scientific and Technical Equipments .....
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Certificate from Collector has to be placed by the assessee to determine that particular land comes under the urban land or agricultural land(27.07.2022)
The assessee is an individual derives income by way of rent, interest and agriculture etc. The assessee filed return of net wealth for A.Y. 2010-11 de.....
Tags : Wealth tax, Addition, Legality
Delhi HC Asks Centre and Police: Are Taxpayers in Delhi Getting Safety in Return?(21.01.2016)
Delhi High Court has asked Centre and Police, “people in Delhi are paying taxes but are they getting safety in return" and irked over Union Government.....
Tags : Delhi HC, Taxpayers
Liability to deduct tax under Section 195 of IT Act arises only when the "sum" being paid is chargeable to tax under the IT Act(20.07.2022)
The Assessee had entered into an agreement with GSI Engine B.V., {a tax resident of Netherland, having its head office at Netherland} qua an aircraft .....
Tags : Tax, Provision, Applicability
Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran(14.03.2018)
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved an Agreement for the Avoidance of Double Taxation and the Prevention of F.....
Tags : Agreement, Approval, Double Taxation
CESTAT, New Delhi: Third Party Agency to Pay Service Tax on Collection of Parking Fees in Malls(14.02.2020)
Customs Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi has held that the right to collect parking fees given by the mall owners is a co.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Collection of Parking Fees in Malls
Amendment in the notification of Ministry of Finance (Department of Revenue), No. 83/2020 - Central Tax, dated the 10th November, 2020(13.12.2022)
In exercise of the powers conferred by the proviso to sub-section (1) of section 37 read with section 168 of the Central Goods and Services Tax Act, 2.....
Tags : Amendment, Notification, Central Tax
Gujarat Exempts Intra-State Supply of Goods from E-Way Bill(30.01.2018)
State Government of Gujarat has exempted almost all intra-State supply of goods from the generation of e-way bill under the Goods and Services Tax Reg.....
Tags : Goods and Services Tax
Leave Travel Concession has to be availed by an employee within certain limitations, prescribed by the law; LTC is not for a foreign travel(04.11.2022)
The Appellant (State Bank of India) has challenged the judgement passed by a Division Bench of the High Court which has dismissed the appeal filed by .....
Tags : Payment, LTC, Tax deduction
Interest income to be included in tax return(01.01.1900)
The Central Board of Direct Taxes notified persons earning interest income that interest credited or received on deposits is taxable unless exempt und.....
Tags : Income tax return, interest income, inclusion
Service can be taxable in the hands of the recipient in India only when the part of it is performed in India(26.09.2022)
The issue involved in the present case is that whether the Appellant is liable to pay service tax in respect of exhibition service provided by foreign.....
Tags : Tax, Levy, Legality
No Service Tax on Ambulance Services Provided to Govt by Pvt Service Providers: CBIC(05.06.2018)
Central Board of Indirect Tax and Customs (CBIC) has clarified that Service Tax cannot be levied on Ambulance Services provided to the Government by t.....
Tags : Goods and Services Tax
CESTAT, Mumbai: No Service Tax on Rent Received from Bullock Carts with Tyres & Without Driver(28.02.2020)
Customs Excise and Service Tax Appellate Tribunal ( CESTAT ), Mumbai has held that tyre Bullock Carts without bullocks and driver, provided by the App.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Rent Received from Bullock Carts with Tyres & Without Driver
Reasons for the formation of the belief must have rational connection with or relevant bearing on the formation of the belief(18.01.2023)
The assessee is a resident individual engaged in Multi-Level-Marketing on agency basis, had filed return of income ["ITR"] for AY 2011-12 declaring to.....
Tags : Assessment, Tax, Levy
Seizure Under UP GST Act Involving Inter-State Transactions is Permissible: Allahabad High Court(22.03.2018)
Allahabad High Court has held that the seizure of goods under the Uttar Pradhesh Goods and Services Tax Act involving an inter-State transaction is va.....
Tags : Allahabad High Court, Goods and Services Tax
CBDT Notifies Forms for Firms to Avail Lower Corporate Taxes(17.02.2020)
Central Board of Direct Taxes (CBDT) has notified Forms 10-IC and 10-ID for existing companies that want to avail lower Income Tax rates and new manuf.....
Tags : Central Board of Direct Taxes, Forms for Firms to Avail Lower Corporate Taxes
CIT(A) cannot change the provision of law qua the item of which assessment was made(21.12.2022)
The assessee filed her return of income for the assessment year 2011-12 returning total income of ₹.2,35,280. During the course of remand proceedings .....
Tags : Income Tax Appellate Tribunal, Chennai
No Deduction for Acquiring Distribution Rights of Films If It is Not Commercially Exploited: KHC(04.07.2018)
Kerala High Court has held no deduction under Rule 9B of Income Tax Rules, 1962 is allowed in absence of commercial exploitation of feature films.
Tags : Kerala High Court, Income Tax
Union Minister of Finance and Corporate Affairs presented the Union Budget 2023-24 providing major relief in the personal income tax(01.02.2023)
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament. The Union Minister for F.....
Tags : Budget, Relief, Income Tax
GST: No E-Way Bill in Maharashtra for Intra-State Supply of Goods Worth Below Rs. 1 lakh(04.07.2018)
Maharashtra Government has notified that no E-Way Bill shall be required to be generated for the intra-State movement in State of Maharashtra.
Tags : Goods and Services Tax
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
Company can Claim Income Tax Credits on Maintenance of Guest House, Training Hostels: AAR(16.10.2018)
Authority for Advance Ruling, Odisha has granted a ruling on entitlement to take credit of tax paid on various goods and services used for maintenance.....
Tags : AAR, Income Tax Credits
ITAT, Chennai: Penalty Can’t be Levied Based on Estimate Addition(18.04.2022)
Income Tax Appellate Tribunal, Chennai has observed that the order of penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied mer.....
Tags : Income Tax Appellate Tribunal, section 271(1)(c) of the Income Tax Act, 1961
Same activity can be taxed as ‘goods’ and ‘services’ provided contract is indivisible(10.04.2023)
The Revenue has preferred the present appeals feeling aggrieved with the impugned judgment and order passed by the CESTAT, by which the CESTAT has hel.....
Tags : Design services, Levy, Tax
Direct Tax Dispute Resolution Scheme, 2016 Can be Availed Up to 31st December, 2016(16.09.2016)
Direct Tax Dispute Resolution Scheme, 2016, which came into force from 1st June, 2016, can be availed up to 31st December, 2016.
Tags : Direct Tax Dispute Resolution Scheme, 2016
Union Budget, 2019: No Change in Income Tax Slabs(05.07.2019)
Union Finance Minister Nirmala Sitharaman has informed there is no change in the income tax slabs being followed currently.
Tags : Union Budget 2019, Income Tax
CESTAT: Stability Studies, Technical Testing & Analysis of New Drugs Not Subject to Service Tax(17.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Bangalore has ruled that the stability studies, technical testing and analysis of new drugs are no.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, stability studies, technical testing, Scientific and Technical Consultant Service, Technical Testing and Analysis Service, service tax
SVLDR Scheme is required to be interpreted liberally to further its object(22.05.2023)
The Petitioner has filed the present petition under Article 226 of the Constitution of India, 1950 impugning the decision of the concerned authority t.....
Tags : Tax dues, SVLDR Scheme, Applicability
CBIC Notifies Waiver of Amount of Penalty for Non-Compliance to GST Invoice QR Code Provisions(01.07.2021)
Central Board of Indirect Taxes and Customs (CBIC) has notified the waiver of the amount of penalty for non-compliance to Goods and Service Tax (GST) .....
Tags : Central Board of Indirect Taxes and Customs, Non-Compliance to GST Invoice QR Code Provisions
Gujarat HC Allows GST Refund to Service Recipient Who Borne Tax Burden(09.05.2022)
Gujarat High Court has ruled that, as per Section 54 of the Central Goods and Services Tax Act, 2017 a claim of refund may be made directly by the rec.....
Tags : Gujarat High Court, Section 54, Central Goods and Services Tax Act, 2017, tax
When object of subsidy schemes of State Governments is to encourage development of Multiple Theatre Complexes, incentives are held to be capital in nature(16.06.2023)
The instant appeal filed by the Revenue is directed against the order passed by the Ld. Commissioner of Income Tax (Appeals) treating entertainment ta.....
Tags : Entertainment tax, Exemption, Legality
ITAT, Indore: Revisional Jurisdiction Cannot be Invoked if Assessment Orders Not Erroneous(30.06.2021)
Income Tax Appellate Tribunal (ITAT), Indore has held that revisional jurisdiction under Section 263 of the Income Tax Act, 1961 cannot be invoked if .....
Tags : Income Tax Appellate Tribunal, Revisional Jurisdiction
ITAT: Capital Gain Exemption Can't be Denied For Presence of Husband's Name in Purchase Document(06.05.2022)
Income Tax Appellate Tribunal, Bangalore has held that the capital gain exemption cannot be denied to the wife for the mere presence of the husband's .....
Tags : Income Tax Appellate Tribunal, capital gain, purchase document
Agency Commission for collection of indirect taxes through ICEGATE payment gateway(14.06.2023)
1. This is with reference to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated Apr.....
Tags : Collection, Taxes, ICEGATE
GST Council: Exports Are Tax Free for 6 Months(09.10.2017)
GST Council has said that exporters are exempted from the Integrated Goods and Services Tax (IGST) for 6 months.
Tags : Goods and Services Tax (GST), One-Nation_One-Tax
Clarification regarding taxability of income earned by NRI investor from off-shore investments in investment fund routed through an Alternative Investment Fund(12.07.2023)
1. CBDT Circular No.14/2019 dated 03.07.2019 was issued to clarify the taxability of income earned by a non-resident investor from outside India (off-.....
Tags : Clarification, Taxability, Non-resident investor
Bihar Govt. Levies Luxury Tax on Samosas, Kachoris , Namkeens Etc.(14.01.2016)
Bihar Govt. has decided to impose Value Added Tax of 13.5% on a host of items counted as luxury products, including sweets costing more than Rs.500 a .....
Tags : Bihar Govt. , Value Added Tax, Samosas, Kachoris, Namkeens
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 resolutio