Daily Archive: Thursday, July 7, 2016

No requirement of certificate u/s 115VD under Tonnage Tax Scheme (TTS) for vessel on which slot charter operations are carried out – Supreme Court

There is no requirement of the certificate under Tonnage Tax Scheme u/s 115VD in relation to the vessel on which slot charter operations are carried out – Supreme Court ABCAUS Case Law Citation: 967 2016 (07) SC Question before the Court: Is the income derived from ‘slot charter’ operations

Govt. examining desirability and feasibility of a new financial year than April to March by constituting a committee for suggesting changes

Author: | Categories: Finance Ministry No comments
Govt. examining desirability and feasibility of a new financial year than April to March by constituting a committee for suggesting changes F.No.1(17)-B(AC)/2010 Ministry of Finance Department of Economic Affairs (BUDGET DIVISION) North Block, New Delhi, Dated the 6th July, 2016 The Government hereby constitutes a Committee to examine the

Deduction u/s 80IB(10)-Land ownership not a condition precedent for developing the housing project and claiming the deduction. ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Deduction u/s 80IB(10)-Land ownership not a condition precedent for developing the housing project and claiming the deduction. ITAT ABCAUS Case Law Citation: 966 2016 (07) ITAT Assessment Year: 2008-09 Date/Month of Judgment/Order July, 2016 Important Judgment Cited/relied upon: CIT vs. Radhe Developers (2012) Gujarat High Court Brief Facts of the Case: The

ICDS applicable from FY 2016-17 AY 2017-18. Revisions are being made to Tax Audit report for ensuring ICDS compliance

Author: | Categories: Income Tax No comments
ICDS applicable from FY 2016-17 AY 2017-18 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 6th July, 2016 Subject: Applicability of Income Computation and Disclosure Standards (ICDS) notified under section 145 (2) of the Income – tax Act, 1961.

Custom Duty Free Shops Indian Currency Sales Purchase Limit revised to Rs 25,000/ from existing Rs. 5000/-

Author: | Categories: Excise/Custom No comments
Custom Duty Free Shops Indian Currency Sales Purchase Limit revised to Rs 25,000/- Circular No.31/2016-Customs F.No: 473 / 05 / 2015 – LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs North Block, New Delhi Dated 6th July 2016 All Principal Chief
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