Monthly Archive:: November 2016

SEBI Real Estate Investment Trusts Amendment Regulations 2016

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SEBI Real Estate Investment Trusts Amendment Regulations 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 30th November, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (REAL ESTATE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD/NRO/GN/2016-17/022 .─ In exercise of the powers conferred by section 30 of the Securities and

 

Online information-database access-retrieval services POPS Rules-2012 amendment in definition of telecommunication services

Author: | Categories: Service Tax No comments
Online information-database access-retrieval services POPS Rules-2012 amendment in definition of telecommunication services  The service tax is payable only with respect to services rendered within taxable territories which in turn signifies that the determination of place of services are of paramount importance in deciding the taxability of a service. Accordingly,

 

National Anthem playing in cinema halls made mandatory before start of feature film and everyone must stand up-Supreme Court

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National Anthem playing in cinema halls made mandatory. National Anthem  be played before start of feature film and everyone must stand up-Supreme Court  ABCAUS Case Law Citation: ABCAUS 1067 (2016) (11) SC A Division bench of the Hon’ble Supreme Court has today made plying of National Anthem in Cinema

 

PMJDY accounts cash withdrawal limit-Rs. 10000/- per month for fully KYC complaint account and Rs. 5000/- for Limited or Non KYC compliant account-RBI

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PMJDY accounts cash withdrawal limit-Rs. 10000/- per month for fully KYC complaint account and Rs. 5000/- for Limited or Non KYC compliant account-RBI  Reserve Bank of India Accounts under PMJDY – Precautions RBI/2016-17/165 DCM (Plg) No. 1450/10.27.00/2016-17 November 29, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public

 

Interest on loan for declaring dividend allowable deduction u/s 36(1)(iii) – High Court

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Interest on loan for declaring dividend allowable deduction u/s 36(1)(iii) even in absence of profits/reserves and the treatment of such dividend as loans in the books of the company – High Court ABCAUS Case Law Citation: ABCAUS 1066 (2016) (11) HC Assessment Year: 2008-09 Date/Month of Judgment/Order: 07-11-2016 Important Case

 

Subsidies received by Industrial Undertaking eligible deductions us 80-IB 80-IC if towards reimbursement of transport power and Interest cost.

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Subsidies received by Industrial Undertaking eligible deductions us 80-IB 80-IC if towards reimbursement of transport power and Interest cost.  CIRCULAR NO. 39/2016 F.No.279/Misc./140/2015/ITJ Government of India Ministry of Finance Central Board of Direct Taxes ****** New Delhi, Dated 29th November, 2016 Subject: Transport, Power and Interest subsidies received by

 

No Penalty 271(1)(c) if primary information furnished with return of income as held by Supreme Court

Author: | Categories: Income Tax, ITAT, Judgments No comments
No Penalty 271(1)(c) if primary information is furnished with ITR as held by Supreme Court in the case of Reliance Petroproducts Pvt Ltd-ITAT ABCAUS Case Law Citation: ABCAUS 1065 (2016) (11) ITAT Assessment Year: 2008-09 Date of Judgment: 28-11-2016 Important Case Laws cited: Reliance Petroproducts Pvt Ltd Brief Facts