Category: Income Tax

India-Mauritius Double Taxation Avoidance Agreement DTAA and related issues – Working Group to examine consequential issues arising out of amendment

India-Mauritius DTAA and related issues Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 13th June, 2016. PRESS RELEASE Sub: India-Mauritius Double Taxation Avoidance Agreement and related issues – Working Group to examine consequential issues arising out of amendment – reg …

Income tax Survey outcome disclosure to complainant directed under RTI as soon as the assessment proceedings are concluded. CIC Order

Income tax Survey outcome disclosure to complainant directed under RTI Act  ABCAUS Case Law Details: 001 2016 (06) CIC Date of Decision/Judgment: June 2016  Brief Facts of the Case: The appellant has sought copy of survey report held in January 2014 on his complaint. According to the appellant he …

Penalty 271B-Statutory auditor not tax auditors delay. Delay in completing statutory audit by Cooperative auditor was sufficient cause not imposing penalty

Penalty 271B-Statutory auditor not tax auditors delay. Delay in completing statutory audit by Cooperative auditor was sufficient cause not imposing penalty as the assessee filed the tax audit report immediately after getting /and obtaining the same from  Chartered accountant. This was held by ITAT in a recent judgment. …

Payments to franchisees held liable to TDS us 194C not 194J. Modus operandi for fee collection and revenue sharing not determine for tds on amount remitted

Payments to franchisees held liable to TDS us 194C not 194J. The modus operandi for collection of the fees as well as of the revenue sharing cannot determine whether the amount remitted by the assessee to the franchisee is subject to tax deduction at source u/s 194J. This was upheld by …

Annual Conference of CBDT-CBEC senior tax administrators.The two Revenue Boards first time holding the conference simultaneously on 16-17th June, 2016

Annual Conference of CBDT-CBEC senior tax administrators 2016  Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 12th June, 2016. Press Release Sub: “राजस्व ज्ञानसंगम – Annual Conference of CBDT-CBEC senior tax administrators.The two Revenue Boards first time holding the conference …

Google notice-Publishers to deposit 6% equalisation Levy for invoices raised for online advertisement on or after 01/06/2016 as per Adword terms

Google notice-Publishers to deposit 6 Percent Equalisation Levy  Hello, This is to inform you that as per the Notification No. 37/ 2016: F.No. 370142/12/2016-TPL dated 27 May 2016 read with Finance Act, 2016, Government of India has levied an ‘Equalisation Levy’ on provision of online advertisement services or any …