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
CENTRAL BOARD OF DIRECT TAXATION - INCOME TAX DEPARTMENT NOTIFIES FORM 6 –TO ENABLES ONLINE DECLARATION OF BLACK MONEY OUTSIDE INDIA The Online filing of Form 6 under The Black… Read More
Validation of tax-returns through Electronic Verification Code The Central Board of Direct Taxes ('CBDT') vide Notification No. 41/2015 dated 15.04.2015 has introduced Electronic Verification Code ('EVC') as one of the modes for… Read More
States not empowered to levy VAT on transfer of immovable property- under normal provision Recently, on 22.04.2015, P&H High Court in CHD Developers v. State of Haryana & Ors. (TS-147-HC-2015(P&H)-VAT)… Read More