Abcaus

Service Tax on Senior Advocates on representational services before any court, tribunal, etc. directly-indirectly to business entity. Notification 34/2016

administrator June 7, 2016 Service Tax

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 34/2016-Service Tax New Delhi, the 6th June, 2016 G.S.R.____(E).- In exercise of the powers conferred by sub-section (2) of section 68 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following further …

Service Tax on Senior Advocates for services to business entity up to turnover ten lakh exempt. Mega Exemption Amendment Notification 32/2016

administrator June 7, 2016 Service Tax

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 32/2016-Service Tax, New Delhi, the 6th June, 2016 G.S.R.….(E).-In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government being satisfied that it is necessary …

Up-to-date Table of Cost Inflation Index (CII) from FY 1980-81 to FY 2016-17

administrator June 7, 2016 Income Tax

CBDT has notified “1125” as Cost Inflation Index (CII) for FY 2016-17. CII is used indexation of cost of acquisition and improvement for the purpose of computation of long term capital gains under Income Tax Act, 1961. From Assessment Year 2018-19, the base year of the CII has been …

Cost Inflation Index for FY 2016-17 is 1125 CBDT Notification 42/2016 dated 02/06/2016. CII for FY 2015-16 was 1081. The increase is 4.07%

administrator June 7, 2016 Income Tax

MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 42/2016 New Delhi, the 2nd June, 2016 INCOME-TAX S.O.1948(E).—In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby …

Notional interest Perquisite on Security deposit paid to landlord. Notional Interest on amount paid by employer for employee’s accommodation not perquisite

administrator June 6, 2016 Income Tax, ITAT, Judgments

Notional interest Perquisite on Security deposit paid to landlord. Notional Interest on amount paid by employer for employee’s accommodation not perquisite-ITAT ABCAUS Case Law Citation: 934 2016 (06) ITAT Brief Facts of the Case: The assessee was an employee having income from salary and other sources. His return …

Interest 234B invalid if TDS deductible on entire income us 195 as there is no failure on the part of the assessee in payment of advance tax-ITAT

administrator June 6, 2016 Income Tax, ITAT, Judgments

Interest 234B invalid if TDS deductible on entire income us 195 as there is no failure on the part of the assessee in payment of advance tax-ITAT ABCAUS Case Law Citation: 932 2016 (06) ITAT The Question: whether interest under section 234B of the income tax act can be …