Daily Archive: Thursday, August 31, 2017
Service Tax on foreign tourists operator services held ultra vires the Finance Act insofar as export of tour operator services include non-taxable services provided by tour operators. The High Court refuses to award prospective overruling so that the central government does not have to refund the service tax collected on
Television news software produced was eligible for deduction 80HHE as customized electronic data which is transmitted from India to a place outside India. ABCAUS Case Law Citation: ABCAUS 2049 (2017) (08) HC The Grievance: The appellant Revenue was aggrieved by the order of the ITAT in allowing deduction
Profits from sale of investments by Insurance Company held exempt in view of CBDT Circular. The income so earned was taxable only from AY 2011-12 ABCAUS Case Law Citation: ABCAUS 2048 (2017) (08) HC The Substantial Question of Law framed for determination: There were three appeals, one preferred
Tax Audit and ITR filing due date extension AY 2017-18 to 31-10-2017. Deadline for filing return of income and all audit reports extended in view of GST Tax Audit and ITR filing due date extension AY 2017-18 to 31-10-2017 F.No. 225/270/2017/ITA.II Government of India Ministry of Finance Department of
Impact of Demonetisation on Black Money Widening of Tax Base and Direct Tax Collections. Govt. largely relying on income tax figures to justify demonetisation Press Information Bureau Government of India Ministry of Finance 31-August-2017 16:52 IST Impact of Demonetisation on Black Money, Widening of Tax Base and Direct Tax
CBDT extended deadline of PAN linking with Aadhaar to 31/12/2017 CBDT order u/s 119 extending deadline of PAN linking with Aadhaar to 31/12/2017 F.No.225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi dated the 31st of August,2017 Order under Section
RBI Annual Report 2016-17. Notwithstanding, Headwinds from global slowdown and transient impact of demonetisation Indian economy demonstrated resilience RBI releases its Annual Report for 2016-17 The Reserve Bank of India has released its Annual Report for 2016-17, a statutory report of its Central Board of Directors.