Nature of activity of "chit fund business" - cash management / ...

Service Tax

July 8, 2017

Nature of activity of "chit fund business" - cash management / fund management - whether classifiable under the category of "banking and other financial services" - No service tax was payable on Chit Fund activity From June 15, 2007 to June 30, 2012 - SC

View Source

← Previous Next →

Nature of activity of "chit fund business" - cash management / ...

Service Tax

July 8, 2017

You may also like:

Nature of activity of "chit fund business" - cash management / fund management - the petitioner is not liable to pay service tax before 14.05.2015 - petition allowed.

Set off of the brought forward losses against the income from other sources - Ld. CIT (A) has rightly decided that, “although interest income has been shown as income...

Nature of activity - collection of octroi on behalf of the Municipal Corporation - cash management activity or not - Not covered by Banking and other Financial Services...

TP Adjustment - It is not the case that the assessee which is carrying on forwarding chain business has paid the management services for some other unrelated business...

Central Government notifies the countries and specified territories - in the case of an eligible investment fund, the fund management activity carried out through an...

Addition u/s 69A - chit fund investment - the CIT(A) observed that being govt. employee, the assessee is not permitted to enter in chit fund. Even before us, the ld. AR...

Benefit of exemption u/s 11 - charitable activity - Activities in the nature of trade, commerce or business - the receipts from these activities which is in the nature...

Nature of Income – Mutual funds sold - business income or capital gains - units of mutual funds are not freely transferable nor tradable and thus cannot be categorized...

Revenue is not correct to treat the chit fund business to fall within the ambit of asset management as there is subtle difference between “banking and financial...

Eligibility to claim exemption u/s 11 - contribution to chit funds - it is wrong to conclude that assessee has with an intention to earn profit or income made a...

Disallowance of excess interest paid - diversion of funds for non-business purposes - It is immaterial how the loan was treated by the Director - as far as the assessee...

Registration u/s 12AA - Gujarat Cricket Association[GCA] - Merely because an activity is performed in an organized manner, that alone, will not make such activities as...

Restrictions on business activities of the asset management company - Regulation 24 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended.

Risk management framework for liquid and overnight funds and norms governing investment in short term deposits

Unexplained investment u/s 69 - cash deposit - the alleged transactions of cash deposits and corresponding entries of cheque issued were not in the nature of any...

Quick Updates: