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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. …
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 …
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, …
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 …
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/ITJGovernment of IndiaMinistry of FinanceCentral Board of Direct Taxes****** New Delhi, Dated 29th November, 2016 Subject: Transport, Power and Interest subsidies received by an Industrial Undertaking- …
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 …
Unlimited cash withdrawal of new notes deposited in bank allowed on or after November 29 2016 for active circulation of currency notes-RBI Reserve Bank of India Withdrawal of cash from bank deposit accounts – Relaxation RBI/2016-17/163 DCM.No.1437/10.27.00/2016-17 November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer, …
Functioning of Stock Exchanges-Clearing Corporations in IFSC-SEBI Circular defining broad framework for functioning in International Financial Services Centre Securities & Exchange Board of India CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2016/125 November 28, 2016 All Stock Exchanges and Clearing Corporations in International Financial Services Centre Dear Sir/Madam Guidelines for functioning of Stock Exchanges …
No 200 percent Penalty if income declared us 115BBE and 75% of tax and surcharge is paid before the end of the previous year as per post demonetization amendments in Income Tax Penal Provisions. Finance Minister has today introduced Taxation Laws (Second Amendment) Bill 2016 in Lok Sabha …
PMGKY Yojana 2016 Income tax Disclosure-Immunity Scheme with 50 % tax and lock in of 25% income. New penalty provisions introduced. PMGKY Scheme 2016 is applicable from 17-12-2016 Read Notification Click Here >> No 200% penalty if income is declared u/s 115BBE and tax+ surcharge is paid @ …
