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Effective Rates of DEPB : ** : Transporters’ strike unreasonable and unjustified : ** : Rs. 600 crore for paying penidng claims of Excise Duty under deemed export released : ** : Service Tax exemption on certain GTA Services : ** : NDIA'S EXPORTS INCREASE FROM $ 63.8 BILLION IN 2003-04 TO $ 119.3 BILLION IN 2008-09 (APR-NOV) - SEZs GENERATE EMPLOYMENT : ** : Additional Government Measures for Stimulating the Economy : ** : Changes in Customs duty, Additional Customs duty rates and drawback : ** : Review of External Commercial Borrowings (ECB) policy : ** : Whether activities of a Liaison Office in India leads to income accruing or arising in India : ** : Exports up by 19.4% in April-November 2008 - INDIA’S FOREIGN TRADE DATA : NOVEMBER 2008 : ** :

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Welcome

Wednesday, January 07, 2009

Exempts Certain Taxable Services provided to a Goods Transport Agency - See Notification No. 01/2009 Dated: January 5, 2009 - Service Tax

Amends Notification No. 89/2005 - Exemption to goods from Customs duty and additional duty when imported against DutyEntitlementPass Book. - See Notification No. 03/2009 Dated: January 2, 2009 - Customs

Extension of time limit for filing of Form DVAT 51, Form C, EI, EII, F, I, J and H - See F.3(33)/P-II/VAT/Misc./2006/676-685 Dated: December 19, 2008 - VAT - Delhi

DEPB Rates as applicable before 5-11-2008 restored - See 124(RE-2008) /2004-2009 Dated: March 1, 2009 - DGFT

Amendment in the Handbook of Procedures v1.(RE 2008) - DEPB rates shall be effective upto 31-12-2009 - See 125 (RE-2008) /2004-2009 Dated: January 3, 2009 - DGFT

Procedure relating to sanction and pre-audit of refund claims- regarding. - See 22/2008 Dated: December 19, 2008 - Customs

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR - See 45/2009 Dated: January 2, 2009 - FEMA

To examine or cause to be examined every application or e-Forms or documents submitted on www.mca.gov.in - Central Government makes the regulations to amend the Companies Regulations, 1956. - See Notification No. G.S.R. 888(E) Dated: December 24, 2008 - Misc

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR - See 45/2009 Dated: January 2, 2009 - FEMA

Tariff value of edible oils, brass scrap and Poppy seeds notified - See Notification No. 141/2008 Dated: December 31, 2008 - Customs

Amends Notification no. 4/2005 Customs dated 24-1-2005 - Anti-dumping duty on Flexible Slabstock Polyol - See Notification No. 138/ 2008 Dated: December 31, 2008 - Customs

Amends Cenvat Credit Rules - Goods cleared to a unit in a special economic zone or to a developer of a special economic zone for their authorized operations are eligible for Cenvat Credit - See Notification No. 50/2008 Dated: December 31, 2008 - Central Excise

Amends Notification No. 32/2005 - Cement and steel used in construction of houses in tsunami affected areas of Tamil Nadu, Andhra Pradesh, Kerala, Pondicherry and Andaman and Nicobar Islands — Exemption - See Notification No. 60/2008 Dated: December 24, 2008 - Central Excise

PRE DEPOSIT BEFORE FILING APPEAL FOR SERVICE TAX MATTERS - See in Article Section

Import policy for new vehicles, as laid down under Chapter 87 shall be amended - See Notification No. 74 (RE-2008)/2004-09 Dated: December 30, 2008 - DGFT

Rate of Exchange for Import and Export of Goods - See Notification No. 140/2008 Dated: December 29, 2008 - Customs

Amends Appendix 4C - (Certificate of Origin Non-Preferential) - See 122 (RE-2008) /2004-09 Dated: December 30, 2008 - DGFT

Amends Appendix-2 of Handbook of Procedures (Vol. I), under the list of Export Promotion Councils/Commodity Board - See 123 (RE-2008) 2004-09 Dated: December 30, 2008 - DGFT

Clarification on classification of combined refrigerator freezer with separate external doors for the purpose of extending benefit of Notification No.85/2004-Customs dated 31.8.2004 - See 23/2008 Dated: December 29, 2008 - Customs

CENVAT CREDIT NOT TO BE REDUCED MERELY FOR SUBSEQUENT DISCOUNTS - See in Article Section

INVESTIGATION OF LIMITED LIABILITY PARTNERSHIP - See in Article Section

Income-tax (Eleventh Amendment) Rules, 2008 - Change in Authority - See Notification No. 111/2008 Dated: December 23, 2008 - Income Tax

Appoints Joint Commissioner / Additional Commissioner Competent Authority to perform certain functions (Territorial Jurisdiction) - See Notification No. 110/2008 Dated: December 23, 2008 - Income Tax

Notified Corporation for the purpose of Section 36(1)(xii) - See Notification No. 108/2008 Dated: December 19, 2008 - Income Tax

Anti Dumping Duty on Caustic soda (Caustic soda lye and caustic soda solid/flakes) of Korea ROK / China imposed - See Notification No. 137/2008 Dated: December 26, 2008 - Customs

DGFT fixes deadline as 20-06-2009 for SFIS for the current financial year - See 119 (RE-2008)/2004-2009 Dated: December 24, 2008 - DGFT

EXPLANATION REGARDING GROSS PROFIT MARGINS - See in Article Section

Refund of wrongly collected tax should be made voluntarily and honestly by the Government-excess and wrong collection should be treated as money held in trust - a point of view. - See in Article Section

Exempts petrol from duty of excise removed for use in ethanol blended petrol to unrelated parties. - See Notification No. 61/2008 Dated: December 24, 2008 - Central Excise

Exempts 10 ethanol blended petrol if appropriate duty of excise has been paid on petrol and ethanol - See Notification No. 62/2008 Dated: December 24, 2008 - Central Excise

Amends notification no. 28/2002 to exempt ethanol blended petrol - See Notification No. 63/2008 Dated: December 24, 2008 - Central Excise

Amends Notification No. 4/2006 to fix effective rate of duty on Cement Clinker @300/t and to exempt ethanol blended petrol - See Notification No. 64/2008 Dated: December 24, 2008 - Central Excise

Definition of 'Charitable purpose' under section 2(15) of the Income-tax Act, 1961 - reg. - See 11/2008 Dated: December 19, 2008 - Income Tax

Notification No. 63 (RE-2008) dated 21.11.2008 and No. 64 (RE- 2008) dated 24.11.2008 - transitional arrangements thereunder. - See 49(RE-2008)/2004-2009 Dated: December 22, 2008 -

Import of Trucks/Tippers/Dumpers etc. under EPCG Scheme. - See 48 / (RE-2008/2004-09) Dated: December 19, 2008 - DGFT

SMALL SCALE EXEMPTION UNDER SERVICE TAX PROVISIONS - See in Article Section

Corrigendum to notification no. 107/2008 dated 11-12-2008 - See Notification No. S.O. 2949(E) Dated: December 22, 2008 - Income Tax

Half Yearly DVAT return to be filed within 42 days - Instructions for Filing of Online Returns by Registered Dealers - DVAT-16 and Form I - See Notification No. No. F.7(7)/Policy-III/VAT/2005-06/662 Dated: December 17, 2008 - VAT - Delhi

Amendments in Appendix 37A - VKGUY w.e.f. 1-4-2008 - See 115 (RE-2008)/2004-2009 Dated: December 15, 2008 - DGFT

Export of Milk and value added Milk Products shall be entitled to VKGUY scheme benefits - See 116 (RE-2008)/2004-2009 Dated: December 15, 2008 - DGFT

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List of Authors

1	CBDT says electronically filed return on 30.09.08 but acknowledgement shows date 01.10.08- are to be treated as filed in time. - Suggestion to waive condition of 'filed on 30.09.08' to avoid disputes and controversies.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 06-01-2009

2	PENAL PROVISIONS UNDER LIMITED LIABILITY PARTNERSHIP BILL, 2008
	By: - Mr. M. GOVINDARAJAN Dated: - 06-01-2009

3	RESTORATION OF APPEAL
	By: - Mr. M. GOVINDARAJAN Dated: - 06-01-2009

4	PRE DEPOSIT BEFORE FILING APPEAL FOR SERVICE TAX MATTERS
	By: - Mr. M. GOVINDARAJAN Dated: - 01-01-2009

5	CENVAT CREDIT NOT TO BE REDUCED MERELY FOR SUBSEQUENT DISCOUNTS
	By: - C.A. DEV KUMAR KOTHARI Dated: - 29-12-2008

6	INVESTIGATION OF LIMITED LIABILITY PARTNERSHIP
	By: - Mr. M. GOVINDARAJAN Dated: - 29-12-2008

7	PENALTY NOT REDUCIBLE BELOW THE MINIMUM PRESCRIBED
	By: - Mr. M. GOVINDARAJAN Dated: - 26-12-2008

8	Refund of wrongly collected tax should be made voluntarily and honestly by the Government-excess and wrong collection should be treated as money held in trust - a point of view.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 25-12-2008

9	EXPLANATION REGARDING GROSS PROFIT MARGINS
	By: - C.A. DEV KUMAR KOTHARI Dated: - 25-12-2008

10	SMALL SCALE EXEMPTION UNDER SERVICE TAX PROVISIONS
	By: - Mr. M. GOVINDARAJAN Dated: - 23-12-2008

11	EXPORT OF SERVICE RULES, 2005 - AN OVERVIEW
	By: - Mr. M. GOVINDARAJAN Dated: - 21-12-2008

12	DEPRECIATION ON MEMBERSHIP RIGHTS USED FOR THE PURPOSE OF BUSINESS OR PROFESSION
	By: - C.A. DEV KUMAR KOTHARI Dated: - 21-12-2008

13	REVERSE MORTGAGE SCHEME, 2008 - AN OVERVIEW
	By: - Mr. M. GOVINDARAJAN Dated: - 19-12-2008

14	CONSTRUCTION OF INDIVIDUAL RESIDENTIAL UNITS IS NOT COVERED UNDER SERVICE TAX PROVISIONS
	By: - Mr. M. GOVINDARAJAN Dated: - 19-12-2008

15	THE SOCIAL FUNCTIONS TO ENTERTAIN THE EMPLOYEES CANNOT BE BROUGHT WITHIN THE AMBIT OF ACTIVITIES RELATING TO BUSINESS FOR AVAILING SERVICE TAX CREDIT
	By: - Mr. M. GOVINDARAJAN Dated: - 15-12-2008

16	Board's circular on guidelines on selection of returns for scrutiny are beneficial circulars- should be strictly adhered to scrutiny can be restricted.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 15-12-2008

17	Interest on borrowed capital unjust check on liberal deduction vide proviso to section 36(1)(iii).
	By: - C.A. DEV KUMAR KOTHARI Dated: - 09-12-2008

18	WHETHER A LETTER ISSUED BY CENTRAL EXCISE DEPARTMENT IS A DECISION AND IS APPEALABLE?
	By: - Mr. M. GOVINDARAJAN Dated: - 09-12-2008

19	FEE IS REQUIRED TO BE PAID FOR FILING AN APPEAL UNDER SERVICE TAX PROVISIONS
	By: - Mr. M. GOVINDARAJAN Dated: - 09-12-2008

20	CONVERSION OF FIRM INTO LIMITED LIABILITY PARTNERSHIP
	By: - Mr. M. GOVINDARAJAN Dated: - 09-12-2008

21	DEPRECIATION ON ASSETS USED BY SALARY EARNERS
	By: - C.A. DEV KUMAR KOTHARI Dated: - 05-12-2008

22	No justification for appeal fees payable by taxpayer as appeal is usually to get redressal of wrongs done by revenue officers.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 05-12-2008

23	TRANSFER OF CREDIT
	By: - Mr. M. GOVINDARAJAN Dated: - 01-12-2008

24	REFUND OF CENVAT CREDIT
	By: - Mr. M. GOVINDARAJAN Dated: - 01-12-2008

25	INCORPORATION OF LIMITED LIABILITY PARTNERSHIP
	By: - Mr. M. GOVINDARAJAN Dated: - 23-11-2008

26	WHETHER THE CONTENTION THAT THE MANAGING DIRECTOR HAS NO AUTHORITY TO FILE A SUIT ON BEHALF OF THE COMPANY IS TENABLE?
	By: - Mr. M. GOVINDARAJAN Dated: - 21-11-2008

27	RATE OF SERVICE TAX- RELEVANT DATE IS DATE OF SERVICE RENDERED:
	By: - C.A. DEV KUMAR KOTHARI Dated: - 21-11-2008

28	For better tax administration for assessee, auditors and A.O.: TAR -Synchronization of certain due date or last date for better compliance and tax administration.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 21-11-2008

29	WAIVER OF SHOW CAUSE NOTICE ON PAYMENT OF SERVIE TAX WITH INTEREST
	By: - Mr. M. GOVINDARAJAN Dated: - 19-11-2008

30	DEEMED SPECULATION BUSINESS IN SHARES OF OTHER COMPANIES- some finer issues.
	By: - C.A. Uma Kothari Dated: - 19-11-2008

31	TAX AUDIT REPORT - LITTLE MORE CARE FOR BETTER AUDIT SERVICE
	By: - C.A. DEV KUMAR KOTHARI Dated: - 19-11-2008

32	TAX AUDIT REPORT- LIMIT SHOULD BE RAISED AND MADEFLEXIBLE BY WAY OF RULES.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 13-11-2008

33	SECTION 40A(2) AND TAXAUDIT REPORT 'payment' to related persons only are required to be reported.
	By: - C.A. Uma Kothari Dated: - 13-11-2008

34	REVERSAL OF CREDIT
	By: - Mr. M. GOVINDARAJAN Dated: - 12-11-2008

35	DOCUMENTS FOR AVAILING CENVAT CREDIT
	By: - Mr. M. GOVINDARAJAN Dated: - 12-11-2008

36	CREDIT ON CAPITAL GOODS
	By: - Mr. M. GOVINDARAJAN Dated: - 12-11-2008

37	ITAT-PROCEDURE- PRONOUNCEMENT OF ORDER IS REQUIRED AN ORDER YET TO BE PRONOUNCED MAY NOT BE CONSIDRED AN ORDER AT ALL.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 09-11-2008

38	For better tax administration and tax payer relations:
	By: - C.A. DEV KUMAR KOTHARI Dated: - 09-11-2008

39	LIMITED LIABILITY PARTNERSHIP AGREEMENT
	By: - Mr. M. GOVINDARAJAN Dated: - 07-11-2008

40	NATURE OF LIMITED LIABILITY PARTNERSHIP
	By: - Mr. M. GOVINDARAJAN Dated: - 07-11-2008

41	CENVAT CREDIT ON INPUT
	By: - Mr. M. GOVINDARAJAN Dated: - 03-11-2008

42	INPUT SERVICE DISTRIBUTOR
	By: - Mr. M. GOVINDARAJAN Dated: - 03-11-2008

43	Capital asset -investment activity is vocation or business being an adventure or concern in nature of commerce. Income/ loss from such activity will fall under different heads of income.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 01-11-2008

44	THE SCOPE OF INTERFERENCE BY THE COURT IN THE ARBITRAL AWARD IS LIMITED
	By: - Mr. M. GOVINDARAJAN Dated: - 31-10-2008

45	PURPOSE OF NOTICE TO THE CENTRAL GOVERNMENT OF PETITION FOR SANCTION OF SCHEME OF AMALGAMATION
	By: - Mr. M. GOVINDARAJAN Dated: - 31-10-2008

46	DISMISSING THE APPEAL FOR NON COMPLIANCE OF PRE DEPOSIT DOES NOT PERMIT THE APPELLATE AUTHORITY TOREFUSE TO RESTORE THE APPEAL UPON COMPLIANCE BEING SHOWN
	By: - Mr. M. GOVINDARAJAN Dated: - 31-10-2008

47	WHETHER SERVICE TAX IS PAYABLE ON ADVANCE PAYMENT MADE PRIOR TO THE DATE ON WHICH THE SERVICE WAS BROUGHT UNDER THE NET OF SERVICE TAX?
	By: - Mr. M. GOVINDARAJAN Dated: - 27-10-2008

48	PAYMENT OF INTEREST UNDER THE PROVISIONS OF SERVICE TAX
	By: - Mr. M. GOVINDARAJAN Dated: - 27-10-2008

49	Cenvat Credit in Service Tax : Some Issues - Part II
	By: - Dr. Sanjiv Agarwal Dated: - 27-10-2008

50	CONSTITUTIONAL VALIDITY OF SERVICE TAX - PART I
	By: - Dr. Sanjiv Agarwal Dated: - 27-10-2008

51	CORPORATE GOVERNANCE IN BANKS
	By: - Dr. Sanjiv Agarwal Dated: - 24-10-2008

52	The revenue must respect and regard the taxpayers who comply with voluntarily even if after some delay.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 24-10-2008

53	CRITERION FOR PASSING STAY ORDER BY APPELLATE AUTHORITIES IN DIRECT TAX MATTERS
	By: - Mr. M. GOVINDARAJAN Dated: - 24-10-2008

54	Service Taxation in India - A Global Perspective
	By: - Dr. Sanjiv Agarwal Dated: - 22-10-2008

55	Drafting of agreements for purchase of undertakings : A lesson from supreme courts judgment in CIT v. Hooghly Mills Co. Ltd.
	By: - Mrs. Uma Kothari Dated: - 17-10-2008

56	Procedures in appeal : Enhancement of assessment by CIT(A)
	By: - Mrs. Uma Kothari Dated: - 17-10-2008

57	Depreciation: Hotel Building-Liberal Interpretation by Madras High Court (applicable till A.Y. 2002-03). And then uncertainty as to -how to claim depreciation in absence of specific rate of depreciation for hotel building.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 17-10-2008

58	A POWER OF ATTORNEY HOLDER CAN FILE A COMPLAINT OF DISHONOR OF CHEQUE UNDER NEGOTIABLE INSTRUMENTS ACT, 1881
	By: - Mr. M. GOVINDARAJAN Dated: - 17-10-2008

59	MALA FIDE INTENTION TO AVOID PAYMENT OF SERVICE TAX
	By: - Mr. M. GOVINDARAJAN Dated: - 16-10-2008

60	CBEC CIRCULARS/ORDERS/INSTRUCTIONS RELATING TO SERVICE TAX
	By: - Mr. M. GOVINDARAJAN Dated: - 16-10-2008

61	REVISIONARY POWER OF COMMISSIONER UNDER SERVICE TAX PROVISIONS
	By: - Mr. M. GOVINDARAJAN Dated: - 13-10-2008

62	Employ people to cut cost, burden of service tax contingencies and litigation with revenue.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 13-10-2008

63	WHETHER CANTEEN SERVICE PROVIDED WITHIN THE FACTORY PREMISES CAN BE REGARDED AS 'INPUT SERVICE'?
	By: - Mr. M. GOVINDARAJAN Dated: - 12-10-2008

64	LETTER IN RESPONSE TO FORMAL FIRST NOTICE U S 143(2)
	By: - C.A. DEV KUMAR KOTHARI Dated: - 11-10-2008

65	Follow up article on TAR - Filing of Tax Audit report- confusions, delay and remedy - Second article for clarification.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 10-10-2008

66	SUB BROKER IS NOT LIABLE TO PAY SERVICE TAX WHEN LIABILITY DISCHARGED BY MAIN STOCK BROKER
	By: - Mr. M. GOVINDARAJAN Dated: - 10-10-2008

67	NO SERVICE TAX ON MANUFACTURING ACTIVITIES
	By: - Dr. Sanjiv Agarwal Dated: - 10-10-2008

68	SOME ISSUES IN CENVAT CREDIT
	By: - Dr. Sanjiv Agarwal Dated: - 10-10-2008

69	TREATMENT OF EXPENSES INCURRED BY NON RESIDENT HEAD OFFICE ON BEHALF OF DOMESTIC BRANCH UNDER INCOME TAX ACT
	By: - Mr. M. GOVINDARAJAN Dated: - 06-10-2008

70	For proper credit of tax deposited, TDS, TCS and to avoid penalty for wrong PAN be patient, alert and careful while writing PAN
	By: - Mrs. Uma Kothari Dated: - 06-10-2008

71	Capital restructuring and waiver of loan and interest- some aspects about account and taxation.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 06-10-2008

72	Filing of Tax Audit report- confusions, delay and remedy.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 06-10-2008

73	DISPENSATION OF PRE DEPOSIT OF SERVICE TAX, INTEREST AND PENALTY IN APPEAL BEFORE APPELLATE TRIBUNAL
	By: - Mr. M. GOVINDARAJAN Dated: - 06-10-2008

74	CENTRAL EXCISE (APPEAL) RULES, 2001 - AN OVERVIEW
	By: - Mr. M. GOVINDARAJAN Dated: - 04-10-2008

75	WHETHER TRADING IN SERVICES OF BSNL AMOUNTS TO BUSINESS AUXILIARY SERVICES?
	By: - Mr. M. GOVINDARAJAN Dated: - 04-10-2008

76	SERVICE TAX CREDIT IS ADMISSIBLE ON REPAIRS AND MAINTENANCE SERVICES USED FOR RESIDENTIAL COLONY
	By: - Mr. M. GOVINDARAJAN Dated: - 26-09-2008

77	PAYMENT OF SERVICE TAX IN EXCESS AND ADJUSTMENT IN SUBSEQUENT MONTHS - WHETHER AMOUNT TO SELF ASSESSMENT?
	By: - Mr. M. GOVINDARAJAN Dated: - 25-09-2008

78	FILING OF FORM ST- 1 FOR REGISTRATION IN SERVICE TAX
	By: - Dr. Sanjiv Agarwal Dated: - 23-09-2008

79	Website- plant or machinery or revenue expenditure- choice is yours.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 23-09-2008

80	Extension of due date for compliances in exceptional circumstances- a need for consequential extension and power to the A.O. to allow extensions.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 22-09-2008

81	DISCOUNT/INCENTIVE NOT LIABLE TO SERVICE TAX/EXCISE DUTY
	By: - Mr. M. GOVINDARAJAN Dated: - 22-09-2008

82	REVENUE EXPENDITURE VS. CAPITAL EXPENDITURE - AN ANALYSIS
	By: - Mr. M. GOVINDARAJAN Dated: - 22-09-2008

83	New eligible plant and machinery- further deduction of 20% of cost u/s 31(1)(iia)- some issues and exploration of beneficial provisions- a discussion about need to amend the provisions to avoid litigation.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 20-09-2008

84	PRODUCTION OF RECORDS UNDER SERVICE TAX
	By: - Dr. Sanjiv Agarwal Dated: - 19-09-2008

85	CUM TAX VALUE FOR SERVICE TAX
	By: - Mr. M. GOVINDARAJAN Dated: - 19-09-2008

86	COMMITTEE ON DISPUTES
	By: - Mr. M. GOVINDARAJAN Dated: - 18-09-2008

87	WHETHER THE ASSESSEE HAVING BEEN DECLARED A SICK COMPANY BY BIFR SHOULD BE EXONERATED FROM PENAL LIABILITY UNDER SEC. 80 OF FINANCE ACT, 1994 (Service Tax)?
	By: - Mr. M. GOVINDARAJAN Dated: - 17-09-2008

88	DOCTRINE OF JUDICIAL DISCIPLINE - Service Tax
	By: - Mr. M. GOVINDARAJAN Dated: - 17-09-2008

89	Scrutinty assessment a source of harrassment now also officially recognised.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 16-09-2008

90	Role of Chartered Accountants in Corporate Governance
	By: - Dr. Sanjiv Agarwal Dated: - 13-09-2008

91	COMPANY LAW PROVISIONS OF AUDIT COMMITTEES - TOOL TO EFFECTIVE CORPORATE GOVERNANCE
	By: - Dr. Sanjiv Agarwal Dated: - 13-09-2008

92	Depreciation- special and higher rates.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 13-09-2008

93	COERCIVE METHODS TO RECOVER AMOUNT BY REVENUE AUTHORITIES FROM APPLICANTS DURING PENDENCY OF STAY APPLICATION BEFORE TRIBUNAL NOT ALLOWED
	By: - Mr. M. GOVINDARAJAN Dated: - 11-09-2008

94	WHETHER THE BENEFIT OF COMPOSITION SCHEME UNDER WORKS CONTRACT SERVICE IS AVAILABLE FOR ONGOING WORKS CONTRACT?
	By: - Mr. M. GOVINDARAJAN Dated: - 11-09-2008

95	IMPORTANT DOCUMENTS IN SERVICE TAX
	By: - Dr. Sanjiv Agarwal Dated: - 11-09-2008

96	BOOKS OF ACCOUNTS UNDER SERVICE TAX
	By: - Dr. Sanjiv Agarwal Dated: - 09-09-2008

97	NO PENALTY IS IMPOSABLE IF SERVICE TAX DUE ALONG WITH INTEREST IS PAID BEFORE ISSUE OF SHOW CAUSE NOTICE
	By: - Mr. M. GOVINDARAJAN Dated: - 08-09-2008

98	SECTION 50C HAS BEEN HELD VALID BY MADRAS HIGH COURT- however some vital contentions not raised by counsels- a fit case for appeal.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 08-09-2008

99	CHECK THE DATE OF CASH WITHDRAWAL IN BANK STATEMENT OR PASSBOOK WITH CASH BOOK BECAUSE MISTAKE OF ANY CASHIER MAY BE COSTLY TO ASSESSEE.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 08-09-2008

100	HOLDER OF CONTRACT CARRIAGE PERMIT IS NOT LIABLE TO SERVICE TAX AS PROVIDER OF TOUR OPERATOR
	By: - Mr. M. GOVINDARAJAN Dated: - 06-09-2008

101	Assessment proceedings- enquiry and reply in connection with mutual financial accommodation accounts.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 06-09-2008

102	WHETHER REGISTRATION CAN BE GRANTED UNDER DIFFERENT TAXABLE SERVICE THAN THE ONE APPLIED FOR?
	By: - Mr. M. GOVINDARAJAN Dated: - 05-09-2008

103	WHETHER MEMBERS CLUB PROVIDING FACILITES TO ITS MEMBERS IS LIABLE TO PAY SERVICE TAX?
	By: - Mr. M. GOVINDARAJAN Dated: - 03-09-2008

104	SHARE PREMIUM IS NOT' PROFIT' OR 'SURPLUS' FOR DEEMED DIVIDEND UNDER S. 2(22) (e)
	By: - Mrs. Uma Kothari Dated: - 02-09-2008

105	Whether the principle enunciated by the SC related to Works Contract and VAT is applicable in Service Tax matters also?
	By: - C.A. Surender Gupta Dated: - 31-08-2008

106	Service tax on rent of commercial premises -now the matter is before the Supreme therefore, here is an attempt to strengthen the case of landlords and to consider certain issues based on decision of the Supreme Court.
	By: - C.A. DEV KUMAR KOTHARI Dated: - 30-08-2008

107	Care required in furnishing of TDS/TCS certificates:
	By: - C.A. DEV KUMAR KOTHARI Dated: - 29-08-2008

108	CORPORATE GOVERNANCE - ROLE OF CHARTERED ACCOUNTANTS
	By: - Dr. Sanjiv Agarwal Dated: - 27-08-2008

109	CLASSIFICATION OF TAXABLE SERVICES
	By: - Dr. Sanjiv Agarwal Dated: - 27-08-2008

110	BELATED FILING OF SERVICE TAX RETURNS
	By: - Dr. Sanjiv Agarwal Dated: - 26-08-2008

111	Does Construction of Flats (Residential Complexes) attract Service Tax
	By: - Dr. Sanjiv Agarwal Dated: - 23-08-2008

112	Safeguard measures: Utmost care is required to substantiate claims made in return of income or loss in view of fact that in cases of loss also penalty u/s 271(1)(c) can be levied as per recent ruling from the Supreme Court of India.
	By: - Uma Kothari Dated: - 21-08-2008

113	Some suggestions for better utilization of services of Members of Tribunals -Enlarging scope for hearing by Single member Bench (SMC Bench) for early disposal of cases and cost reduction.
	By: - Uma Kothari Dated: - 21-08-2008

114	Deduct tax from fees (including service tax) says Board !!
	By: - DEV KUMAR KOTHARI Dated: - 21-08-2008

115	Cenvat Credit on Mobile Phones
	By: - Dr. Sanjiv Agarwal Dated: - 21-08-2008

116	RELEVANCE OF 'ANY PERSON' IN SERVICE TAX
	By: - Dr. Sanjiv Agarwal Dated: - 19-08-2008

117	REFUND OF SERVICE TAX
	By: - Dr. Sanjiv Agarwal Dated: - 19-08-2008

118	CERTIFIED COPIES OF ORDER SHEETS AND SOME INCIDENTAL MATTERS ABOUT ADMINISTRATION:
	By: - DEV KUMAR KOTHARI Dated: - 18-08-2008

119	SERVICE PROVIDER AND SERVICE RECEIVER - THE TWO ARMS OF SERVICE TAX.
	By: - Dr. Sanjiv Agarwal Dated: - 18-08-2008

120	Proper head for classification of Directors remuneration - a discussion and some suggestions in view of changed circumstances due to levy of FBT.
	By: - DEV KUMAR KOTHARI Dated: - 12-08-2008

121	New dimension to revenue expenses - Extension of trading (or other) business for manufacture of traded products- a possible way to save tax because many expenses yielding enduring benefit can be allowed.
	By: - Uma Kothari Dated: - 12-08-2008

122	JUST ON TIME AMENDMENT OF FISCAL LAWS IS DESIRABLE
	By: - DEV KUMAR KOTHARI Dated: - 10-08-2008

123	HIGHER DEPRECIATION ON POWER SAVING DEVICES -PURPOSIVE AND LIBERAL INTERPRETATION IS REQUIRED.
	By: - DEV KUMAR KOTHARI Dated: - 10-08-2008

124	CORPORATE GOVERNANCE- DESIRABLE BEST PRACTICES
	By: - Dr. Sanjiv Agarwal Dated: - 08-08-2008

125	Taxation Myths- Relying or Breaking
	By: - Dr. Sanjiv Agarwal Dated: - 08-08-2008

126	REMOVAL OF COMMERCIAL TAX CHECKPOSTS - IN THE STATE OF U.P. - AN ERA OF FREE FLOW OF GOODS
	By: - MUKUL GUPTA Dated: - 07-08-2008

127	Simplification of capital gains- prescribe a minimum holding period to treat any assets as a 'short-term capital asset'.
	By: - Uma Kothari Dated: - 03-08-2008

128	FBT - Amendments during initial phase of FBT about estimation of value of Fringe Benefits can be considered applicable since inception of FBT. A point of view.
	By: - DEV KUMAR KOTHARI Dated: - 03-08-2008

129	SALES TAX/VAT AND PENALTY UNDER SECTION 271(1)(c )
	By: - DEV KUMAR KOTHARI Dated: - 31-07-2008

130	DEPRECIATION - AVOID LAST MOMENT RUSH IN PURCHASING NEW ASSETS- IN VIEW OF FAST APPROACHING 2nd October, 2008
	By: - DEV KUMAR KOTHARI Dated: - 31-07-2008

131	'MAT' AND NECESSARY ADJUSTMENT IN BOOK PROFIT IN VIEW OF NOTES, OBSERVATION, DISCLOSURES OR QUALIFICATION ON ACCOUNTS
	By: - DEV KUMAR KOTHARI Dated: - 31-07-2008

132	TAX ON SERVICES BUT WHAT IS SERVICE ?
	By: - Dr. Sanjiv Agarwal Dated: - 29-07-2008

133	PREPARING FOR GST
	By: - Dr. Sanjiv Agarwal Dated: - 29-07-2008

134	Section 268A must be omitted otherwise the revenue will have restricted rights of appeal in some circumstances - Departmenal appeals a review in view of recent judgment dated 21.07.08
	By: - DEV KUMAR KOTHARI Dated: - 26-07-2008

135	No service- no service tax is a general rule- it should be applied to prepayment charges and other non service charges levied by banks.
	By: - Uma Kothari Dated: - 26-07-2008

136	SERVICE TAX ON MONEY CHANGING ACTIVITIES
	By: - Dr.Sanjiv Agarwal Dated: - 23-07-2008

137	SERVICE TAX TO BE IMPOSED ON BOOK ADJUSTMENTS
	By: - Dr. Sanjiv Agarwal Dated: - 23-07-2008

138	Debenture issue expenses are fully allowable even if they are fully or partly convertible in to shares.
	By: - Uma Kothari Dated: - 21-07-2008

139	APPLICABILITY OF NEW PROVISIONS OR AMENDMENT- a new dimension vide ruling of Allahabad high Court.
	By: - Uma Kothari Dated: - 21-07-2008

140	DIVIDEND IS CHARGED WITH INCOME TAX AT DISTRIBUTION STAGE SO IT IS NOT EXEMPT INCOME IN CONTEXT OF INCOME TAX ACT 1961 AND THE INDIAN CONSTITUTION - A revised article
	By: - DEV KUMAR KOTHARI Dated: - 15-07-2008

141	Dispute Resolution In Service Tax
	By: - Dr.Sanjiv Agarwal Dated: - 14-07-2008

142	Best Judgment Assessment in Service Tax
	By: - Dr.Sanjiv Agarwal Dated: - 11-07-2008

143	RATE OF DEPRECIATION WHEN ANY ASSET IS ELIGIBLE FOR TWO OR MORE DIFFERENT RATES BASED ON USE DURING THE PREVIOUS YEAR.
	By: - DEV KUMAR KOTHARI Dated: - 10-07-2008

144	SALE OF AGRICULTURAL PRODUCE LIKE GREEN TEA LEAVES WILL RESULTS INTO PURELY AGRICULTUAL INCOME NOT LIABLE TO APPORTIONMENT
	By: - Uma Kothari Dated: - 10-07-2008

145	BANKING FOR TRANSPERANCY AND AVOIDANCE OF TAX BY BETTER USE OF CHEQUE,BANK DRAFT, ECS AND E-CHEQUES
	By: - DEV KUMAR KOTHARI Dated: - 05-07-2008

146	Dividend Distribution Tax (DDT) - Dividend u/s 2(22) (e) and Chapter XIID an analysis in view of decision of Tribunal in respect to deemed dividend under section 2 (22) (e)- is taxable in hands of shareholders and not the company.
	By: - DEV KUMAR KOTHARI Dated: - 30-06-2008

147	Option of assessee to avail or not to avail exemption or deduction.
	By: - Uma Kothari Dated: - 27-06-2008

148	Manufacture - Sliced, scented and sweetened betel nut does not involve manufacture - Supreme Court.
	By: - DEV KUMAR KOTHARI Dated: - 22-06-2008

149	PROPER ACCOUNTING FOR INTEREST ON INCOME TAX REFUND IS REQUIRED TO AVOID PENALTY- Analysis of judgment of Madras high Court and related issues.
	By: - DEV KUMAR KOTHARI Dated: - 15-06-2008

150	Business loss vis a vis business expenditure -an analysis of ruling of the Supreme Court.
	By: - DEV KUMAR KOTHARI Dated: - 14-06-2008

151	CARE REQUIRED IN MAKING DECLARATION UNDER SECTION 58A OF THE COMPANIES ACT, 1956 TO AVOID ADDITION UNDER SECTION 68 OF THE INCOME TAX ACT.
	By: - DEV KUMAR KOTHARI Dated: - 13-06-2008

152	RATE OF DEPRECIATION ON ELECTRIC GENERATORS- different ruling due to different contentions raised before Rajasthan and Gujarat high Courts.
	By: - DEV KUMAR KOTHARI Dated: - 13-06-2008

153	No TDS on government levies like service tax , VAT, Municipal tax.
	By: - DEV KUMAR KOTHARI Dated: - 11-06-2008

154	Pre-deposit- reduction of amount earlier directed - consideration of humanitarian and other grounds
	By: - DEV KUMAR KOTHARI Dated: - 11-06-2008

155	MIS-CONCEPTION OF CHECK ON TAX EVASIONS BY Section 40A (3) Catch the recipients and tax them -some suggestions for the Finance Minister which need to be implemented on urgent basis.
	By: - DEV KUMAR KOTHARI Dated: - 28-05-2008

156	'INCOME' DOES NOT INCLUDE `LOSS' FOR ALL PURPOSES
	By: - DEV KUMAR KOTHARI Dated: - 23-05-2008

157	New section 268A was not required to tackle departmental appeal on unchallenged/ accepted issues in view of Supreme Courts judgment in the case of B.J. AKKARA, COL. (RETD.) V. GOVERNMENT OF INDIA
	By: - DEV KUMAR KOTHARI Dated: - 18-05-2008

158	Prosecution: Failure to file return of income and Fringe Benefit Tax. Discussion of provisions and recent Apex court's ruling and some suggestions to avoid unnecessary litigation in alleged crimes.
	By: - DEV KUMAR KOTHARI Dated: - 08-05-2008

159	TDS - Section 194C or S. 194-I analysis and interesting learning for assessee and the revenue from litigation in case of Cocacola decided by the Supreme Court.
	By: - DEV KUMAR KOTHARI Dated: - 04-05-2008

160	Depreciation 'written down value' -a recent judgment rendered by the Kerala High Court is contrary to settled legal position apparently causing miscarriage of justice due to failure of counsels to point out relevant provisions and settled legal position.
	By: - DEV KUMAR KOTHARI Dated: - 04-05-2008

161	Capital or revenue expenses:- membership fees etc, having enduring advantage
	By: - DEV KUMAR KOTHARI Dated: - 03-05-2008

162	Valuation of stocks and particularly scrap and obsolete stock much disputes about almost nothing- revenue should adopt a purpose seeking approach in overall context.
	By: - DEV KUMAR KOTHARI Dated: - 13-04-2008

163	Positive side of Black Money - Whether did it save our economy from recession
	By: - Chandan Goyal Dated: - 31-03-2008

164	Budget 2008 - focusing Electronic & Electrical Goods industry
	By: - Bimal Jain Dated: - 11-03-2008

165	Method of determination of Cenvat Credit attributable to manufacturing of exempted goods and provision of exempted services - Rule 6(3A) of Cenvat Credit Rules 2004
	By: - Surender Gupta Dated: - 03-03-2008

166	Is power not an infrastructure?
	By: - K.Balasubramanian Dated: - 05-02-2008

167	Intimation Under Rule 5(2)
	By: - CA Brijesh Chandra Verma Dated: - 29-01-2008

168	MRP based duty on Computer peripherals
	By: - CA Dinesh Kumar Agrawal Dated: - 25-01-2008

169	Highlights of VAT in UP - Power Point Presentation
	By: - Bimal Jain, FCA Dated: - 08-01-2008

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