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Indirect Transfer provision-possible multiple taxation of the same income. Circular 41/2016 kept in abeyance considering representations-CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 17th January, 2017 PRESS RELEASE Clarification on Indirect Transfer provision under the Income Tax Act, 1961 …
Revisionary power us 263-Merely raising query not sufficient. Blindly accepting only part reply is incorrect assumption of facts and non-application of mind by AO-ITAT ABCAUS Case Law Citation: ABCAUS 1103 (2017) (01) ITAT Assessment Year : 2011-12 Important Case Laws Cited: Anuj Jayendra Shah Vs. PCIT 67 taxmann.com …
IDS-2016 condonation of delay in payment of taxes due to technical errors where payment is made through cheque, RTGS, electronic transfer within due time Instruction No. 2 of 2017 F.No.142/8/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi, the 16th …
ATM-Current account Cash withdrawal limit increased. For ATM from Rs. 4500/- to 10000/- per day per card and for C/A or overdrafts from 50000/- per week to 100000/- Reserve Bank of India Enhancement of withdrawal limits from ATMs and Current Accounts RBI/2016-17/213 DCM (Plg) No.2559/10.27.00/2016-17 January 16, 2017 …
Assessment finality on search date reached if time for issuing notice us 143(2) had expired. In such cases additions can be made only if incriminating material found-ITAT ABCAUS Case Law Citation: ABCAUS 1102 (2017) (01) ITAT Assessment Year : 2008-09 Important Case Laws Cited: National Thermal Power Co …
Tour operator services abatement-Service Tax Rationalization. No CENVAT credit on inputs and capital goods undertaking and bill to be inclusive The Notification seeks to amend notification No. 26/2012-ST dated 20.06.2012 so as to rationalize the abatement for tour operator services GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF …
Person liable to pay service tax-goods transportation by vessel from a place outside India up to customs station of clearance in India The Notification seeks to amend notification No. 30/2012-ST dated 20.06.2012 so as to specify the person complying with the sections 29, 30 or 38 read with …
Service Tax Mega Exemption-online information database services and transportation of goods by service provider located in non-taxable territory withdrawn Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to (i) withdraw the exemption from service tax for services provided or agreed to be provided by a person …
Aggregator and Goods Transportation-Service Tax Rule 2 Amendment GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 2/2017-Service Tax New Delhi, the 12th January, 2017 G.S.R…. (E). – In exercise of the powers conferred by sub-section (1), read with sub-section (2) of section 94 of the …
Law Commission denies hiring of Law Firms. Certain newspapers/e-magazines suggested that Commission is hiring law firms to pursue the work assigned to it Ministry of Law & Justice Press Release Dated: 12th January, 2017 Law Commission denies hiring of Law Firms The Law Commission of India has noted …
