Cases when selection of cases for scrutiny during the Financial Year Selection of Cases for Scrutiny (Income Tax India) Scrutiny refers to a detailed examination of a return of income… Read More
Assessing officer has to dispose of objections against reason recorded before proceeding with reassessment Section 147, read with section 148, of the Income-tax Act, 1961 - Income escaping assessment Before… Read More
Revised in Foreign Exchange Regulations Foreign Exchange Management The government has recently modified the Foreign Exchange Management (Current Account Transactions) Rules, 2000 and the Liberalized Remittance Scheme (LRS) for resident… Read More
Categorisation of Income from Securities In India, there are two heads in which generally income from securities is recognised- Capital Gain Profit and Gains from Business or Profession. Rates of… Read More
Rule 25 of Haryana VAT Rules 2003, amended so as to exclude the cost of land in case of valuation of builder/developer The case of Punjab and Haryana High Court in CHD… Read More
Provisions of mandatory Pre-deposit under Section 35 of the Central Excise Act, 1944 are not ultra-virus or unconstitutional Recently, the Allahabad High Court in the case of Ganesh Yadav Vs. Union… Read More
Putting Safety barriers on National Highway are relatable to "roads", hence exemption under RVAT available Recently, on 9th July 2015 Rajasthan High Court in the case of Commercial Taxes Officer… Read More
All ABOUT SUPPORT SERVICES OF BUSINESS OR COMMERCE UNDER SERVICES TAX “Support Services of Business or Commerce” means services provided in relation to business or commerce and includes evaluation… Read More
INSTRUCTIONS REGARDING MAINTENANCE OF RECORDS IN ELECTRONIC FORM AND AUTHENTICATION OF RECORDS BY DIGITAL SIGNATURE–MANNER OF VERIFICATION-REG. Kind attention is invited to sub-rule (5) of rule 10 of Central Excise… Read More
HIGHLIGHT ON USE OF DIGITAL SIGNATURE The government of India has in the recent past launched its dream initiative of ‘Digital India’ which promises to integrate the government departments and the… Read More