Monthly Archives: March 2017

Indirect Taxation Book for CMA Inter – 2017 Edition – by Mohd. Rafi

By | March 15, 2017

Indirect Taxation (Useful For CMA (inter) Students & Other Specialised Studies) Paperback – 2017 by Mohd. Rafi (Author) Containing Central Excise, Customs, ST, CST, VAT, Transfer Pricing & Exim Policy.   Price Rs 885. Click to buy online Paperback: 992 pages Publisher: Bharat Law House, Delhi; 2017 edition (2017) DIVISION I SERVICE TAX LESSON 1            Basic… Read More »

Footwear Design and Development Institute (FDDI) Bill 2017

By | March 15, 2017

Footwear Design and Development Institute (FDDI) Bill, 2017 [ read Footwear Design and Development Institute Bill 2017 – Download/Print ] Commerce & Industry Minister Smt. Nirmala Sitharaman introduced the Footwear Design and Development Institute (FDDI) Bill, 2017 in the Lok Sabha on 14th March, 2017 to declare the FDDI as an Institution of National Importance (INI). The… Read More »

waiver of loan cannot be taxed as “ book profit .”

By | March 14, 2017

Capital surplus on account of waiver of loan: The Mumbai Bench of the Income-tax Appellate Tribunal held that a capital surplus in respect of the waiver of loan amount cannot be regarded as amount available for distribution through the profit and loss account. A mere disclosure of an extraordinary item in the profit and loss account does… Read More »

Payments for global telecommunication facility not “ fees for technical services ”

By | March 14, 2017

Payments for global telecommunication facility not “fees for technical services” The Supreme Court of India held that payments received by a Danish shipping company for its global telecommunication system (payments from Indian agents) were reimbursements in nature. Because no profit element was embedded in these payments and also because the foreign company had not provided any technical… Read More »