Exemption notification to be interpreted strictly The Constitutional Bench (five-judge bench) of the Supreme Court held that: (1) exemption from tax guidance is to be interpreted strictly and the burden to prove its applicability is on the taxpayer; (2) any ambiguity in the exemption guidance must be interpreted in favour of the tax department; and… Read More »
AEO-T1 applications. Circular no. 26/2018 was issued by the customs authority to reflect an intent to “ease” the compliance requirements for AEO-T1, and sets forth a new procedure for processing AEO-T1 applications. Read an report [PDF 682 KB] prepared by the KPMG
CII Index / Cost Inflation Index Base Year 2001-02 This notification of CII Index shall come into force with effect from 1st day of April, 2018 and shall accordingly apply to the assessment year 2018-19 and subsequent years. [ Read CII Index of earlier years i.e from 1981 to 2017 – CII (COST INFLATION INDEX) INCOME… Read More »
In the present case, admittedly, the land sold by the assessee is situate beyond 8 Kms limit, the land Revenue is collected in the form of Kist in respect of the agricultural land, the land Revenue records shows the land as agricultural land. Thus, all the conditions required for holding the land as agricultural land… Read More »
Ministry of Finance Government invites comments of Stakeholders and General Public on Proposed Amendments to Income-tax Rules,1962 by 4th September, 2018 Posted On: 20 AUG 2018 1:11PM by PIB Delhi Income-tax Rules, 1962 (I.T.Rules) prescribe Form No.13 for filing an application for seeking a certificate under Section 197 and/or under Section 206C (9) of the Income-tax… Read More »
Ministry of Personnel, Public Grievances & Pensions Change in Holiday on account of Id-ul-Zuha (Bakrid) Central Government Administrative Offices located at Delhi/New Delhi to remain closed on 22.08.2018 Posted On: 20 AUG 2018 1:33PM by PIB Delhi On the basis of the report of Ruiyat Hilal (moon deciding Committee) headed by Shahi Imam, Jama Masjid,… Read More »
How to file online appeal against GST Demand Order : GST News 386 [Video] How to Check GST Notice and Orders : GST News 425 How to Pay GST Demand in DRC 03 ? GST News 324
ICAI enters into an arrangement with TIOL Pvt. Ltd. to provide the contents of its website (Income tax content only) at Rs. 7,400/- p.a. (plus taxes) to the members of ICAI As an ongoing attempt to enable the members to keep pace with the latest developments in direct taxes, the Direct Taxes Committee of ICAI has… Read More »
GST reverse Charge applicable if legal service received by supplier of exempt goods ? Sale of CATTLE FEED is exempt under GST. So, A person having turnover of 10 crores from sale of cattle feed during last YEAR, is NOT REQUIRED to get himself REGISTERED under GST as per Sec.23(1)(a) of CGST Act 2017 .… Read More »
ICAI enters into an arrangement with Taxmann Allied Services Private Limited to provide the contents of its website (Income tax module only) at subsidised price to the members of ICAI As an ongoing attempt to enable the members to keep pace with the latest developments in direct taxes, the Direct Taxes Committee of ICAI has entered… Read More »