Daily Archives: October 15, 2015

INVESTMENT OPPORTUNITIES IN INDIA

By | October 15, 2015

INVESTMENT OPPORTUNITIES IN INDIA Table of Content INTRODUCTION RECENT FOREIGN DIRECT INVESTMENT POLICY MEASURES SUMMARY PROJECTS FOR PROCUREMENT ROAD TRANSPORT AND HIGHWAYS PORTS AND SHIPPING CIVIL AVIATION POWER DELHI-MUMBAI INDUSTRIAL CORRIDOR  RAILWAYS  INVESTMENT OPPORTUNITIES IN INDIAN STATES  INVESTMENT OPPORTUNITIES IN ANDHRA PRADESH  INVESTMENT OPPORTUNITIES IN BIHAR  INVESTMENT OPPORTUNITIES IN TAMIL NADU  REASONS TO INVEST AND… Read More »

REVIEW OF EXISTING FOREIGN DIRECT INVESTMENT POLICY ON PARTLY PAID SHARES AND WARRANTS

By | October 15, 2015

REVIEW OF EXISTING FOREIGN DIRECT INVESTMENT POLICY ON PARTLY PAID SHARES AND WARRANTS – AMENDMENT IN PARA 2.1.5 AND INSERTION OF PARA 3.3.3 OF CONSOLIDATED FDI POLICY CIRCULAR OF 2015 PRESS NOTE NO. 9 (2015 SERIES), DATED 15-9-2015 1. The Government has reviewed the provisions of the extant FDI policy on the captioned subject and… Read More »

Time limit to file refund claim does not apply to rebate claim arising out of export

By | October 15, 2015

Since notification issued under rule 18 of the Central Excise Rules, 2002 does not provide any period of limitation for a claim for rebate, rebate claim cannot be dismissed as time-barred applying provisions of section 11B of Central Excise Act, 1944 HIGH COURT OF PUNJAB & HARYANA JSL Lifestyle Ltd. v. Union of India S.J.… Read More »

Sum paid for internet connection not liable for TDS under section 194J

By | October 15, 2015

TDS on Internet Charges /Leased line In the following judgement it was decided that the there is no TDS on Internet Charges /Leased line Assessment year 2007-08 Facts of the Case :  Assessee was engaged in business of development of computer software . Issue :- Assessing Officer disallowed a certain sum under section 40(a)(ia) on… Read More »

ebiz launches composite application form for PAN, TAN, DIN and incorporation of company

By | October 15, 2015

E-biz launches composite application form for PAN, TAN, DIN and incorporation of company Joined Up Service NA – DIN – COI – PAN – TAN – ESIC – EPFO Description:- This joined up service enables the applicant to fill a common form for ‘MCA-Name, DIN and COI’, ‘CBDT-PAN, TAN’, ‘MoLE- ESIC and EPFO’ services and… Read More »

Payment of rebate /refund claims directly to exporters Bank Account

By | October 15, 2015

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE OFFICE OF THE COMMISSIONER OF CENTRAL EXCISE, CHENNAI – I COMMISSIONERATE 600034 26/1, MAHATMA GANDHI MARG, CHENNAI- 600 034 ___________________ TRADE NOTICE NO: 04/2015 Dated : 10.06.15 Sub :- Introduction of facility of payment of rebate / refund claims amount directly to the assessee / exporters’… Read More »

Sale of barren land within short duration could not be deemed sale of agricultural land, held as business activity

By | October 15, 2015

Facts of the Case :- Assessee purchased a piece of land used for rubber plantation .Subsequently, assessee sold said property through a broker. Assessee claimed that property sold was an agricultural land and, hence, profit arising on its sale was exempt from tax . Assessing Officer found that nature of property at time of registration… Read More »

No Block assessment of section 158BC on basis of survey material

By | October 15, 2015

Where material was collected by Assessing Officer during course of survey, and not during search proceedings, Tribunal was justified in setting aside assessment made under section 158BC HIGH COURT OF GUJARAT Commissioner of Income-tax v. Parmar Builders & Developers M.R. SHAH AND S.H. VORA, JJ. TAX APPEAL NOS.112 & 113 OF 2015 APRIL  8, 2015… Read More »