Amendment to Patent Rules The Patent Rules have been amended to include provisions for expedited examination of patent applications on any of the following grounds, namely:- i) That India has been indicated as the competent International Searching Authority or elected as an International Preliminary Examining Authority in the corresponding international application ii) That the applicant… Read More »
F No 370133/30/2016-TPL F No 370133/30/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******* New Delhi, Dated 25thJuly, 2016 Subject: Draft Rules for prescribing the manner of determination of amount received by the company in respect of share – section 115QA of the Income-tax Act, 1961-reg. Under section… Read More »
AUTHORITY FOR ADVANCE RULINGS (CENTRAL EXCISE, CUSTOMS AND SERVICE TAX), NEW DELHI Choice Estates And Constructions Ltd., In re JUSTICE V.S. SIRPURKAR, CHAIRMAN S.S. RANA AND R.S. SHUKLA, MEMBER RULING NO. AAR/ST/14/2016 APPLICATION NO. AAR/44/ST-1/10/2015 MAY 6, 2016 Jose Jacob, Advocate for the Applicant. Amreesh Jain, AR for the Department. RULING 1. M/s Choice Estates… Read More »
Income Tax cases of Film Stars Jackie Shroff Issue -1 : Advances received by film actor from producers would be taxed in year of receipt or in year of release of film ? Decision : Advances received by film actor from producers would be taxed in year of receipt and not in year of… Read More »
IN THE ITAT JAIPUR BENCH Anil Hastakala (P.) Ltd. v. Assistant Commissioner of Income-tax, Central Circle, Alwar T.R. MEENA, ACCOUNTANT MEMBER AND LALIET KUMAR, JUDICIAL MEMBER IT APPEAL NOS.605 AND 606 (JP.) OF 2015 [ASSESSMENT YEARS 2003-04 & 2004-05] APRIL 28, 2016 P.C. Parwal, CA for the Appellant. Kailash Mangal, JCIT for the Respondent. ORDER… Read More »
HIGH COURT OF GUJARAT Commissioner of Income-tax (TDS) v. Siyaram Metal Udyog (P.) Ltd. AKIL KURESHI AND A.J. SHASTRI, JJ. TAX APPEAL NOS. 519 & 526 OF 2016 JUNE 27, 2016 Mrs. Mauna M. Bhatt, Adv. for the Appellant. ORDER Akil Kureshi, J. – These are common appeals. We may refer to facts from Tax… Read More »
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Checklist of Documents for Filing Income Tax Return
Income Tax Free Income in India The relation between income and taxation is directly proportional, the more you earn, the greater will be your income tax liability. However, this statement is not entirely true as there are certain incomes for which your tax liability is nil. These earnings are not included in your assessable income for… Read More »
Q : What basic conditions are required to be checked for conversion of company into LLP? Answer: Following points should be noted for conversion of Company into LLP: All themembers of the Company shall become the partners of the LLP on conversion. 2. No security interest in the assets of the company is subsisting or in force… Read More »