Daily Archives: April 22, 2017

Apply for Common Proficiency Test to be held on 18th June 2017

Apply for Common Proficiency Test to be held on 18th June, 2017 – (22-04-2017) Announcement Common Proficiency Test to be held on 18th June, 2017 For the attention of students registered for Common Proficiency Course Common Proficiency Test, an entry level test for the Chartered Accountancy course, is held twice a year in the month… Read More »

No sec 14A Disallowance if no exempt income was earned during the year: Madras HC

HIGH COURT OF MADRAS Commisioner of Income-tax, Central 1, Chennai v. Chettinad Logistics (P.) Ltd. RAJIV SHAKDHER AND R. SURESH KUMAR, JJ. T.C.A. NO. 24 OF 2017 MARCH  13, 2017 T.R. Senthil Kumar for the Appellant. S. Sridhar for the Respondent. JUDGMENT Rajiv Shakdher, J. – This is an appeal filed under Section 260 A… Read More »

Sale proceeds of land appurtenant to residential house is entitled to section 54 relief: ITAT

IN THE ITAT DELHI BENCH ‘SMC’ Adarsh Kumar Swarup v. Deputy Commissioner of Income-tax, Circle-1, Muzafarnagar H.S. SIDHU, JUDICIAL MEMBER IT APPEAL NO.1228 (DELHI) OF 2016 [ASSESSMENT YEAR 2011-12] MARCH  28, 2017 M.P. Rastogi, Adv. for the Appellant. Ms. Bedobina Chaudhuri, Sr. DR for the Respondent. ORDER 1. The Assessee has filed this Appeal against… Read More »

Rs 837 Cr Tax Demand of Vodafone India Stayed by ITAT – Judgment

Held The assessed income in this case is more than seventy times the returned income, and the impugned additions are in respect of contentious points. In our considered view, and on a perusal of material on record and on consideration of rival contentions, the balance of convenience is in favour of partial stay on collection/… Read More »

Service Charge by Hotels & Restaurants – Guidelines by Govt of India

No. J- 24/9/2014-CPU(pt.) Government of India Ministry of Consumer Affairs, Food and Public Distribution (Department of Consumer Affairs) Krishi Bhavan, New Delhi The 21st April, 2017 GUIDELINES ON FAIR TRADE PRACTICES RELATED TO CHARGING OF SERVICE CHARGE FROM CONSUMERS BY HOTELS/RESTAURANTS Whereas, the Department of Consumer Affairs, Government of India is mandated to ensure that… Read More »

Section 14 IGST Act 2017 – Special provision for payment of tax by a supplier of online information and database access or retrieval services

Section 14 IGST Act 2017 Section 14 IGST Act 2017 deals with Special provision for payment of tax by a supplier of online information and database access or retrieval services and is covered in CHAPTER V PLACE OF SUPPLY OF GOODS OR SERVICES OR BOTH ( Note IGST Act 2017 also known as THE INTEGRATED GOODS AND SERVICES… Read More »

Section 13 IGST Act 2017 – Place of supply of services where location of supplier or location of recipient is outside India

Section 13 IGST Act 2017 Section 13 IGST Act 2017 deals with Place of supply of services where location of supplier or location of recipient is outside India and is covered in CHAPTER V – PLACE OF SUPPLY OF GOODS OR SERVICES OR BOTH ( Note IGST Act 2017 also known as THE INTEGRATED GOODS AND SERVICES TAX… Read More »

Section 8 IGST Act 2017-Intra-State supply

Section 8 IGST Act 2017 Section 8 IGST Act 2017 deals with Intra-State supply and is covered in CHAPTER IV DETERMINATION OF NATURE OF SUPPLY ( Note IGST Act 2017 also known as THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017 received the Assent of the President of India on 12th April 2017. This is an Act to make… Read More »

Section 7 IGST Act 2017-Inter-State supply

Section 7 IGST Act 2017 Section 7 IGST Act 2017 deals with Inter-State supply and is covered in CHAPTER IV DETERMINATION OF NATURE OF SUPPLY ( Note IGST Act 2017 also known as THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017 received the Assent of the President of India on 12th April 2017. This is an Act to make… Read More »

Section 4 IGST Act 2017 -Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances

Section 4 IGST Act 2017 Section 4 IGST Act 2017 deals with Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances and is covered in CHAPTER II – ADMINISTRATION ( Note IGST Act 2017 also known as THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017 received the Assent of the President of… Read More »

Section 2 IGST Act 2017 – Definitions

Section 2 IGST Act 2017 Section 2 IGST Act 2017 explains Definitions and is covered in Chapter I – Preliminary ( Note IGST Act 2017 also known as THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017 received the Assent of the President of India on 12th April 2017. This is an Act to make a provision for levy… Read More »

Art of Cross Examination – Book 2017 Edition – Surender Pal singh & Rajender Pal Singh

Art of Cross Examination (Cross-Examination-An Overview and Cross Examination on Framed Cases) (Law Books) Paperback – 2017 by Surender Pal singh & Rajender Pal Singh (Author) Contents of this Book – **Cross-Examination Of Witness **Phenomenon Of Cross-Examination **Examination In chief **Cross Examination Of Witnesses **Cross Examination Of Documents **Checking Of Improper Cross Examination **Without Holding Of… Read More »

Removal of Cyprus from list of notified jurisdictional area u/s 94A of Income Tax Act – Circular No. 15 of 2017

Circular No. 15 of 2017 F. No. 500/002/201 S-FT&TR’lll(1 ) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, dated 21st April, 2017 Subject: Clarification on removal of Cyprus from the list of notified jurisdictional areas under   section 94A of the lncome tax Act, 1961 Cyprus was… Read More »

Sovereign Gold Bond Scheme 2017 -18 – Series I – Issue Price

Sovereign Gold Bond Scheme 2017 -18 – Series I – Issue Price Date : Apr 21, 2017 In terms of GoI notification F. No. 4(8) – W&M/2017 and RBI circular IDMD.CDD.No.2760/14.04.050/2016-17 dated April 20, 2017, the Sovereign Gold Bond Scheme 2017-18 – Series I will be opened for subscription for the period from April 24,… Read More »

Category: RBI

Sovereign Gold Bonds 2017-18 – Series I – Operational Guidelines

RBI/2016-17/290 IDMD.CDD.No.2759/14.04.050/2016-17 April 20, 2017 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds, 2017-18 – Series I – Operational Guidelines This has reference to the GoI notification… Read More »

Sovereign Gold Bonds 2017-18 – Series I

RBI/2016-17/289 IDMD.CDD.No.2760/14.04.050/2016-17 April 20, 2017 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd. (SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds 2017-18 – Series I Government of India has vide its Notification F.No. 4(8)-(W&M)/2017… Read More »