Daily Archives: November 6, 2015

Payment for Using brand name on beer is Royalty liable for TDS u/s 194J

By | November 6, 2015

“Trade discount scheme” would amount to Commission liable for deduction of tax at source u/s 194H of the Act. ? Held No Contractual payments made to M/s United Breweries Ltd, Bangalore and M/s Millenium Breweries Industries Ltd, Bangalore would amount to payment of Royalty liable for deduction u/s 194J of the Act, and not u/s 194C… Read More »

Centre to establish Control Room to Monitor Air Quality in Delhi and NCR

By | November 6, 2015

Ministry of Environment and Forests 06-November, 2015 Centre to Establish Control Room in CPCB to Monitor Air Quality Javadekar Chairs Review Meeting with Ministers of Neighbouring States; Urges Citizens to Maintain Lane Discipline on Roads The Government will immediately set up a Control Room in Central Pollution Control Board (CPCB) to undertake a daily review… Read More »

Cancellation of Ticket and Refund of Fare Rules 2015 Notified by Railway

By | November 6, 2015

MINISTRY OF RAILWAYS (Railway Board) NOTIFICATION New Delhi, the 4th November, 2015 G.S.R.836(E).—In exercise of the powers conferred by sub-section (1), read with clause (b) of sub-section (2) of Section 60 of the Railways Act, 1989 (24 of 1989) and in supersession of Railway Passengers (Cancellation of tickets and refund of fare) Rules, 1998, except… Read More »

Spiritual organization is also public religious trust : Delhi High court

By | November 6, 2015

Facts of the case The Assessee, Bhagwan Shree Laxmi Narain Dham Trust (‘Trust’), was accorded registration under Section 12A of the Act on 20th May 2005. The Assessee-Trust was set up on 30th December 2002 to carry out various charitable, spiritual and religious objects as set out in the trust deed.  During Assessment Year (‘AY’)… Read More »

Licensees have no vested right for renewal or extension of licences : Supreme Court

By | November 6, 2015

SUPREME COURT OF INDIA Bharti Airtel Ltd. v. Union of India J. CHELAMESWAR AND R.K. AGRAWAL, JJ. CIVIL APPEAL NOS. 1969, 2072, 2803, 5376 AND 9116 OF 2014 WRIT PETITION (CIVIL) NOS. 180, 971 AND 1056 OF 2014 MAY  14, 2015 On behalf of the licensees, the following submissions are made: The licences, such as… Read More »

Third party premium rates for battery driven e carts or e rickshaws

By | November 6, 2015

Ref:IRDA/NL/CIRI/MOTP/196/11/2015 Date:04-11-2015 The Motor Vehicles Amendment Act, 2015, as notified in the Gazette of India on 20th March 2015, brings the e-carts and e-rickshaws under its ambit. As per the amendment, e-carts or e-rickshaws are special purpose battery powered vehicles not exceeding 4000 watts, having three wheels for carrying goods or passengers, as the case… Read More »

Transfer or Issue of Security by a Person Resident outside India

By | November 6, 2015

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE NOTIFICATION Mumbai, the 30th October, 2015 No. FEMA.354/2015-RB Foreign Exchange Management  (Transfer or Issue of Security by a Person Resident outside India) (Tenth Amendment) Regulations, 2015 G.S.R. 823(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of… Read More »

Detection and Reporting of Counterfeit Notes

By | November 6, 2015

RBI/2015-16/162 DCM (FNVD) No. 776/16.01.05/2015-16 August 27, 2015 The Chairman / Managing Director / Chief Executive Officer All Banks Madam / Sir, Detection of Counterfeit Notes Please refer to our Circular DCM (FNVD) No. 5840/16.01.05/2012-13 dated June 27, 2013 on “Detection and Reporting of Counterfeit Notes”. The procedure for detection of counterfeit notes has been… Read More »