Daily Archives: November 9, 2015

NHAI Releases National Highways Construction Cost Index (NHCCI)

Ministry of Road Transport & Highways of Govt of India on 09-November, 2015 National Highways Authority of India (NHAI) has released National Highways Construction Cost Index (NHCCI) up to September 2015. This has been compiled based on information received from the source agencies viz. concessionaire / contractors. The index has been uploaded on NHAI website… Read More »

Procedure for grant of license to individual Surveyor and Loss Assessors

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 30th October, 2015 Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) Regulations, 2015 F.No. IRDAI/Reg/18/108/2015- In exercise of the powers conferred by clause (x) and (xa) of sub-section 2 of Section 114A read with Sections 42D, 42E and 64UM of the Insurance… Read More »

Company engaged in software design cannot be considered as comparable to software development service

Company engaged in business of software products, design and development of software cannot be considered as comparable to software development service provider and Forex gain on receipt of consideration against services rendered to AE is part of operating revenue Analog Devices India (P.) Ltd. v. DCIT  [Bangalore ITAT] IT (T.P) Appeal No. 1288 of 2014… Read More »

Following the prescribed Time limit in passing order u/s 12AA of the Income-tax Act

Instruction No. 16/2015 F.No.197/38/2015-ITA.1 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) (ITA-1 Division) North Block, ITA-I Division Dated, the 6th November, 2015 To All the Principal Chief Commissioners of Income-tax All the Chief Commissioners of Income-tax Chief Commissioner of Income-tax (Exemptions) All Directors General of Income-tax Sir/Madam, Sub:- Following… Read More »