Taxation Archives

Budget 2021- 22 | Voluntary Scrappage Policy: Government’s Sword to cut the Air Pollution

While the Finance Minister, presented the Union Budget, 2021-22 today, the most talked about was the Voluntary Scrappage Policy even before the

Business News Hot Off The Press News Taxation

Union Budget 2021-22 | Proposals established on 6 Pillars; Tax Relief for Senior Citizens above 75 years of age [Read the live Updates]

Finance Minister, Nirmala Sitharaman presented the Union budget 2021-22 in the Parliament Today. 6 Pillars: Health and Well-Being Physical and Financial capital

Hot Off The Press News Taxation

Extension of time limits for income tax returns

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the

Case Briefs Taxation Tribunals/Commissions/Regulatory Bodies

ITAT | Will the benefit of CBDT Instruction No. 1916 take away the benefit of explained jewellery acquired by an assessee? Tribunal explains

Income Tax Appellate Tribunal (ITAT), Jaipur: The Bench of Vijay Pal Rao, JM and Vikram Singh Yadav, AM, held that, the benefit of CBDT Instruction

Legislation Updates Notifications Taxation

CBDT simplifies the process of assessment in respect of Startups

The Finance Ministry has simplified the process of assessment in the case of Startup entities. In cases where scrutiny assessments of Startup

Legislation Updates Notifications Taxation

CBDT takes steps to ensure transparency in Tax Administration by bringing in concept of DIN

With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and

Taxation

Revised Double Taxation Avoidance Agreement between India and Kenya notified

The Double Taxation Avoidance Agreement (DTAA) between India and Kenya was signed and notified in 1985. Subsequently, the DTAA was renegotiated and

Taxation

Clarifications regarding GST on certain services issued

The Ministry of Finance has issued a clarification with regard to the following services approved by the GST Council in its 25th

Taxation

CBDT: No coercive recovery from Start Ups for addition on Share Capital Valuation issue

Section 56(2)(viib) of the Income-tax Act, 1961 (Act) provides that where a closely held company issues its shares at a price which

Taxation

AS 22 or Indian AS 12 not applicable to Government Company

S.O. 529(E).— In exercise of the powers conferred by sub-section (6) of Section 129 of the Companies Act, 2013 (18 of 2013),

Hot Off The Press News Taxation

GST and IGST rates of specific goods reduced

As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th

Hot Off The Press News Taxation

Clarification on payment of service tax in transitional period

Certain transitional issues arising with respect to payment of service tax after 30th June 2017 have been clarified by CBEC vide circular

Hot Off The Press News Taxation

Late fee waived for all tax-payers who could not file GSTR 3B for the month of July 2017

The Goods and Services Tax (GST) tax was introduced on 1st of July 2017. The last date for payment of GST for the

News Taxation

Roll out of GST to lower tax burden on packaged cement, medicaments, smart phones, medical devices, surgical instruments

The roll out of Goods and Services (GST) Tax will bring benefits to the consumers due to reduced tax rates on various

Case Briefs Supreme Court Taxation

Payments made to sub-contractor not to be included while calculating the turnover under Section 6-B, Karnataka Sales Tax Act, 1957

Supreme Court: The important question before the Court was that for calculating the turnover for the purpose of payment of turnover tax

Case Briefs Supreme Court Taxation

SCC Blog

Taxation

Budget 2021- 22 | Voluntary Scrappage Policy: Government’s Sword to cut the Air Pollution

Union Budget 2021-22 | Proposals established on 6 Pillars; Tax Relief for Senior Citizens above 75 years of age [Read the live Updates]

Extension of time limits for income tax returns

ITAT | Will the benefit of CBDT Instruction No. 1916 take away the benefit of explained jewellery acquired by an assessee? Tribunal explains

CBDT simplifies the process of assessment in respect of Startups

CBDT takes steps to ensure transparency in Tax Administration by bringing in concept of DIN

Revised Double Taxation Avoidance Agreement between India and Kenya notified

Clarifications regarding GST on certain services issued

CBDT: No coercive recovery from Start Ups for addition on Share Capital Valuation issue

AS 22 or Indian AS 12 not applicable to Government Company

GST and IGST rates of specific goods reduced

Clarification on payment of service tax in transitional period

Late fee waived for all tax-payers who could not file GSTR 3B for the month of July 2017

Roll out of GST to lower tax burden on packaged cement, medicaments, smart phones, medical devices, surgical instruments

Payments made to sub-contractor not to be included while calculating the turnover under Section 6-B, Karnataka Sales Tax Act, 1957

Deputy Director of Income Tax not an appellate authority for decisions/orders of Income Tax Officers

Statutory machinery clearly computing all components of the levy is a precondition to levying of tax

Commercial goods without change of their identity as such remain commercially the same goods which cannot be taxed again

Buildings constructed from the year 1990-1993 entitled to tax exemption as per S. 3A of the Kerala Buildings Act, 1993

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Madras HC | If wife issues a cheque to discharge husband’s liability and it gets dishonoured, can the wife be prosecuted under S. 138 NI Act? HC answers

Madras HC | Husband and Wife living separately for past 13 years. Can cooling-off period under S. 13-B of Hindu Marriage Act, 1955 be waived off, if sought mutually ? Read on

Madras HC | Husband and Wife lived separately for 7 long years, marriage dissolved by family court on ‘cruelty’ ground. Read HC’s decision on challenge to Family Court’s decision

De codification of Section 102 CrPC: Can police freeze “bank account & money” during an investigation under Section 102?

All HC | Summons sent to Director for dishonour of cheque under S. 138 NI Act, without prosecution against the Company. Is it permissible? Court answers

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Ker HC | Does a person lose his status as a scheduled caste after converting to a different faith? Does conversion put an end to the disadvantages faced by him? HC answers

AFT | “We don’t agree that there is no stress and strain of service in military stations located in peace areas” Tribunal grants disability pension for hypertension

Madras HC | If wife issues a cheque to discharge husband’s liability and it gets dishonoured, can the wife be prosecuted under S. 138 NI Act? HC answers

Decriminalisation of Cheque Dishonour: A Step Forward

Defamation, a tort

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