GST News [Part 171] : Exempt goods become taxable : Input Tax Credit Claim : by CA Satbir Singh Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST… Read More »
CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 31. Expanding the scope of long term bonds under 54EC. 31.1 Section 54EC of the Income-tax Act provides that capital gain to the extent of Rs. 50 lakhs arising from the transfer of a long term capital asset shall be exempt if the assessee invests the whole or any part of… Read More »
CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 29. Cost of acquisition in Tax neutral demerger of a foreign company. 29.1 Section 47(vic) of the Income-tax Act provides that the transfer of shares of an Indian company by a demerged foreign company to a resulting foreign company will be not regarded as transfer. 29.2 Section 49 of the Income-tax Act… Read More »
CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 28. Cost of Acquisition of capital assets of entities in case of levy of tax on accreted income under section 115TD. 28.1 The provisions of the section 49 of the Income-tax Act provides for computation of cost with reference to certain modes of acquisition of capital asset. 28.2 The said section has… Read More »
CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 27. Extension of capital gain exemption to Rupee Denominated Bonds. 27.1 With a view to provide relief to non-resident investors, in the wake of permission to the Indian corporates by the Reserve Bank of India (the RBI) to issue rupee denominated bonds outside India as a measure to enable the Indian… Read More »
CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 26. Tax neutral conversion of preference shares to equity shares. 26.1 Conversion of security from one form to another is regarded as transfer for the purpose of levy of capital gains tax under the provisions of the Income-tax Act. However, tax neutrality on conversion of bond or debenture of a company… Read More »
[2018] 22122017 TaxHeal.com 21022018 income tax HIGH COURT OF MADRAS Rapid Care Transcription (P.) Ltd. v. Income Tax Officer, Corporate Ward 5(4), Chennai T. S. SIVAGNANAM, J. WRIT PETITION NO. 33765 OF 2017 W.M.P NOS. 37408 AND 37410 OF 2017 DECEMBER 22, 2017 K. Jayachandran for the Petitioner. Mrs. Hema Muralikrishnan, Sr. Standing Counsel for the Respondent. ORDER 1. Heard… Read More »
Taxmann’s Guide to Taxation of Long Term Listed Equity Shares Guide To Taxation of Long Term Listed Equity Shares The Government has proposed to curtail the exemption for capital gains arising from transfer of listed equity shares and mutual fund units by amending certain provisions and introducing new section 112A. This book provides a threadbare… Read More »
GST News [ Part 170] by CA Satbir Singh ! TaxHeal.com Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release… Read More »
IGST Refund on export of goods : Issues Resolved by GSTN Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release… Read More »