Held We are in agreement with the views expressed by the Karnataka High Court that incriminating material is a pre-requisite before power could have been exercised under section 153C read with section 153A. HIGH COURT OF CALCUTTA Commissioner of Income-tax, Kolkata-III v. Veerprabhu Marketing Ltd. GIRISH CHANDRA GUPTA AND ARINDAM SINHA, JJ. IT APPEAL NO.… Read More »
F. No. 268/01/2016-CX.8 Government of India Ministry of Finance Department of Revenue) (Central Board of Excise & Customs) New Delhi, the 16th September, 2016 Circular No. 1047/35/2016-CX To The Principal Chief Commissioners/Chief Commissioners of Customs Central Excise & Service Tax (All); The Principal Chief Commissioners/Chief Commissioners of Customs (All); The Director Generals/Directors of Customs, Central… Read More »
Income Declaration Scheme 2016 (IDS 2016) Latest Books on Income Declaration Scheme 2016 (IDS 2016) CBDT had issued the following Scheme and Rule in theIncome Tax Act on Income Declaration Scheme 2016 (IDS 2016) :- Income Declaration Scheme 2016 -Chapter IX of Finance Act 2016 Income Declaration Scheme 2016 Explanatory notes [Circular No. 16 of 2016, F.No.370142/8/2016-TPL, Dated 20.05.2016] Income Declaration Scheme Rules… Read More »
CHAPTER IX OF THE FINANCE ACT, 2016 THE INCOME DECLARATION SCHEME, 2016 Short title and commencement. 181. (1) This Scheme may be called the Income Declaration Scheme, 2016. (2) It shall come into force on the 1st day of June, 2016. Definitions. 182. In this Scheme, unless the context otherwise requires,— (a) “declarant” means a… Read More »
International Financial Reporting Standards-IFRS (Set in Three Parts) (English) (Paperback, Taxman) BUY Features of Book on IFRS -International Financial Reporting Standards Author : Taxmann Language: English Binding: Paperback Publisher: Taxmann Publication Genre: Professional ISBN: 9789350718643, 9350718642 Publication Year 2016
GST Ready Reckoner (English) (Paperback, CA. Keshav R Garg) BUY Features of GST Ready Reckoner Language: English Binding: Paperback Publisher: Bharat Law House Pvt. Ltd. Genre: Academic and Professional ISBN: 9789351394129, 9351394123 Publication Year 2016
Maharashtra Notification Amends Schedule C, D, & E Enhance tax rate to 6% and 13.5% from existing 5.50% and 12.50 w.e.f. 17-9-2016 which in effect Results in 0.50 to 1% increase in VAT Rates, vide Notification No. VAT. 1516/CR-123/Taxation-1- Dated 16th September, 2016. Text of the Notification is as follows :- FINANCE DEPARTMENT Madam Cama… Read More »
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th September, 2016 S.O. 2986(E).-In exercise of the powers conferred by sub-section (2) of section 1 of the Constitution (One Hundred and First Amendment) Act, 2016, the Central Government hereby appoints the 16th day of September, 2016 as the date on which the provisions of… Read More »
Flipkart Makes First Move as Ecomm Sector Prepares for GST Rollout The ecommerce sector is preparing to ensure compliance with the goods & services tax system before the new tax regime’s targeted rollout date of April 1 next year, even as it continues to negotiate with the government over some provisions in the law. Providing… Read More »
SUPREME COURT OF INDIA G. S. Homes & Hotels (P.) Ltd.# v. Deputy Commissioner of Income-tax RANJAN GOGOI AND PRAFULLA C. PANT, JJ. CIVIL APPEAL NOS. 7379-7380 OF 2016 AUGUST 9, 2016 Preetesh Kapur and Ms. Radha Rangaswamy, Advs. for the Petitioner. Ranjit Kumar, Solicitor General, Ms. Anita Sahani, S. Wasim A. Qadri, Ms. Anita… Read More »