CBDT has exempted 702 startups from angel tax u/s 56(2)(viib) of Income Tax Act. Startups receiving investments from Ventures Capital Fund are exempt from taxation as per provision of Section 56(2)(viib) of Income Tax Act 1961 (Act). Angel Fund is sub category of Ventures Capital Fund under Category-I …
CBDT transfers 385 officers in the grade of Assistant Commissioner/Deputy Commissioner CBDT has ordered the following transfer/postings of the officers in the grade of Assistant Commissioner/Deputy Commissioner of Income Tax with immediate effect. Region No. of Transfers TAMILNADU& PUDUCHERRY 32 KARNATAKA & GOA 9 KERALA 10 ODISHA 1 …
Indian Filling compound, tank, low land etc. with silver sand and earthwork in layers classifiable as site preparation service under GST and taxable @ 18% ABCAUS Case Law Citation: ABCAUS 3037 (2019) (06) AAR The Applicant had procured two contracts for filling in the compound, tank, low land …
RBI urges public to accept all coins as legal tender. Bank urges traders, shop-keepers & public to not to give credence to rumours of fake coins Reserve Bank of India Date : Jun 26, 2019 The Reserve Bank of India puts into circulation coins minted by the Government of …
DG Audit discloses GST audit plan & strategy for the year 2019-20. Audit to cause least inconvenience and shall be desk-based for small category of taxpayers. The Directorate General of Audit (DG Audit), an organization under Ministry of Finance, Department of Revenue was created by the Central Board …
Service of moving empty or loaded wagons/rakes at siding is classifiable as railway pushing and towing service ABCAUS Case Law Citation:ABCAUS 3036 (2019) (06) AAR The Applicant was leasing out cranes and equipment and locomotives and provided diesel-hydraulic locomotives to several companies for placement/shunting of rakes/wagons/oil tankers from …
