{"id":2407,"date":"2016-04-30T15:32:40","date_gmt":"2016-04-30T10:02:40","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=2407"},"modified":"2021-08-14T13:24:54","modified_gmt":"2021-08-14T07:54:54","slug":"2407","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/2407\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE APRIL 21, 2016"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6ac773e55ee26\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ac773e55ee26\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/2407\/#CORPORATE_AND_PROFESSIONAL_UPDATE_APRIL_21_2016\" >CORPORATE AND PROFESSIONAL UPDATE APRIL 21, 2016<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/2407\/#Indirect_Tax\" >Indirect Tax:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/2407\/#INDIRECT_TAX\" >INDIRECT TAX:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/2407\/#COMPANY_LAW\" >COMPANY LAW:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/2407\/#OTHER_UPDATE\" >OTHER UPDATE:<\/a><\/li><\/ul><\/nav><\/div>\n<h5 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATE_APRIL_21_2016\"><\/span><a href=\"https:\/\/carajput.com\/blog\/?p=2381\">CORPORATE AND PROFESSIONAL UPDATE APRIL 21, 2016<\/a><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p style=\"text-align: justify;\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/02\/Untitled5.png\" alt=\"Untitled5\" width=\"820\" height=\"604\" \/><\/strong><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Indirect_Tax\"><\/span><strong><span style=\"text-decoration: underline;\">Indirect Tax:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><strong>IT:<\/strong>\u00a0Receipt by the assessee from the HUF of which the assessee was the member &#8211; <a href=\"https:\/\/carajput.com\/blog\/essential-key-concepts-gift-taxation-income-tax\/\">treated as gift<\/a> received from the relative (group of relatives) &#8211; Not Taxable u\/s 56 (2) r.w.s. 2(31) \u2013\u00a0<strong>Biravelli Dhanalaxmi\u00a0Vs. ITO, W-4, Karimnagar (2016 (4) TMI 669 &#8211; ITAT Hyderabad)<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>IT<\/strong>: The question of TDS u\/s 194-I does not arise on consideration paid to the Government &#8211; the manner in which the amount was quantified and the method of selection of the JV Partner are the crucial determining factors in this case to understand that the said amount could never constitute rent\u00a0\u2013\u00a0<strong>M\/s. Tril Info Park\u00a0Ltd. Vs. ITO, W-1\u00a0<strong>(2016 (4) TMI 674 &#8211;<\/strong>\u00a0Madras High Court<strong>)<\/strong><\/strong><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"INDIRECT_TAX\"><\/span><strong><span style=\"text-decoration: underline;\">INDIRECT TAX:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><strong>ST:<\/strong><strong>\u00a0<\/strong>Services which are supporting in nature to the main business like services relating to customer relationship telemarketing office infrastructure etc. are covered under Business Support Service \u2013\u00a0<strong>T.V. Today Network Pvt. Ltd. Vs. CCE, Delhi\u00a0<strong>(2016 (4) TMI 690 \u2013 CESTAT New Delhi)<\/strong><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>VAT &amp; ST:\u00a0<\/strong>In case of different stand taken by the department by rejecting its own order the exemption of entertainment tax is granted from the date of release of movie and not from the date of issuance of Government Order\u00a0\u2013\u00a0<strong>Sushanth Prasad<\/strong>\u00a0<strong>Vs. CCT (2016 (4) TMI 679 \u2013 Madras High Court)<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"text-decoration: underline;\">\u00a0<\/span><\/strong><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"COMPANY_LAW\"><\/span><strong><span style=\"text-decoration: underline;\">COMPANY LAW:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><strong>MCA<\/strong>\u00a0has released the list of few\u00a0Frequently Asked Questions on the various issues related to the MCA website. An attempt has been made by MCA to clarify and all Stakeholders are requested to make note of the common queries. Stakeholders are also requested not to raise duplicate Helpdesk tickets on the issues which have been clarified through these FAQ\u2019s.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"OTHER_UPDATE\"><\/span><strong><span style=\"text-decoration: underline;\">OTHER UPDATE: <\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Small tobacco pouches weighing less than 10 grams not subject to retail sale price based assessment. [CCE, vs. Shakti Zarda Factory (India) Pvt. Ltd. (CESTAT New Delhi)].<\/p>\n<p style=\"text-align: justify;\">Today (21.04.16) is the last date for deposit of ESI, DVAT &amp; CST for the month of March, 2016.<\/p>\n<p style=\"text-align: justify;\">Apply online through recruitment link of\u00a0www.edudel.nic.in<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"text-decoration: underline;\">Key Dates:<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\">Payment of ESI of March for ESI:\u00a021\/04\/2016<\/p>\n<p style=\"text-align: justify;\">Payment of MVAT and WCT TDS for March for MVAT:\u00a021\/04\/2016<\/p>\n<p style=\"text-align: justify;\">MVAT return for March (10 days extra for e-returns):\u00a021\/04\/2016<\/p>\n<p style=\"text-align: justify;\">Life becomes interesting when you start speaking silently with your eyes, but life becomes more interesting when someone starts reading those eyes silently.<\/p>\n<p style=\"text-align: justify;\">We look forward for your valuable comments.\u00a0<a href=\"https:\/\/carajput.com\">www.carajput.com<\/a><!--more--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORPORATE AND PROFESSIONAL UPDATE APRIL 21, 2016 Indirect Tax: IT:\u00a0Receipt by the assessee from the HUF of which the assessee was the member &#8211; treated as gift received from the relative (group of relatives) &#8211; Not Taxable u\/s 56 (2) r.w.s. 2(31) \u2013\u00a0Biravelli Dhanalaxmi\u00a0Vs. ITO, W-4, Karimnagar (2016 (4) TMI 669 &#8211; ITAT Hyderabad) IT: &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,172,9,4,15],"tags":[4473,4475,4474],"class_list":["post-2407","post","type-post","status-publish","format-standard","hentry","category-direct-tax","category-gst","category-income-tax","category-indirect-tax","category-tds","tag-not-taxable-us-56-2","tag-payment-of-mvat-and-wct-tds","tag-tds-us-194"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2 - aioseo.com -->\n\t<meta name=\"description\" content=\"CORPORATE AND PROFESSIONAL UPDATE APRIL 21, 2016 Indirect Tax: IT: Receipt by the assessee from the HUF of which the assessee was the member - treated as gift received from the relative (group of relatives) - Not Taxable u\/s 56 (2) r.w.s. 2(31) \u2013 Biravelli Dhanalaxmi Vs. 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