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Customs: Pilot implementation of paperless processing under SWIFT — Uploading of supporting documents regarding

DGFT: Actual Service Providers (and not Ports) are eligible for SFIS/SEIS benefit in respect of their share of earnings made by performing the notified services under SFIS/SEIS Scheme.

Income Tax: Penalty u/s 271(1)(c) - discretion to impose penalty - When the proceedings of assessment in which the additions in the hands of the assessee were made, the Tribunal could not have ignored such final conclusions by simply adopting the different mode or yardstick to judge the amount of tax sought to be evaded by the assessee. - HC

Income Tax: Eligibility to scheme known as “Income Declaration Scheme, 2016” - since prosecution is going on against the petitioner for an offence which comes under Chapter XVII of the IPC, petitioner is not liable to be granted benefit of the said Scheme. - HC

Income Tax: Reopening of assessment - reason to believe cannot be equated with finally established fact that the income chargeable to tax having escaped assessment additions will invariably be made and further, sufficiency of reasons enabling the Assessing Officer to form such a belief would not be gone into. - HC

Income Tax: Addition on account of materials purchased - bogus purchases - It is a fact that the labours are paid by the assessee directly and not through contract or sub-contract. Therefore section 194C of the Act is not attracted. - Tri

Income Tax: NRI status of assessee - Income accrued in India - period of stay in India - Stay in India for 181 days - AO directed to recompute the stay of assessee in India for claim of exemption - Tri

Income Tax: Deemed dividend u/s 2(22)(e) - earnest money paid by the company on behalf of the directors - money was not returned after cancellation of sell agreement - the entire arrangement between the assessee and both the companies falls within the mischief of provisions contained u/s 2(22)(e) - Tri

Income Tax: TDS u/s 194C/194I - TDS liability on monthly maintenance charges paid to housing societies - in the instant case, it is merely reimbursement by the members to the society and, therefore, the payment in question is not liable for TDS - Tri

Income Tax: Validity of the order passed U/s 147 - There is no bar that the information received from the Investigation wing cannot be used as a basis for formation of belief and satisfaction by the AO that the income has escaped assessment. - Tri

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Notifications

UTGST - Lakshadweep - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government, rescinds the notification number G.S.R. 319(E), dated the 31st March, 2018

UTGST - Andaman and Nicobar Islands - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government, rescinds the notification number G.S.R. 315(E), dated the 31st March, 2018

UTGST - Daman and Diu - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government rescinds the notification number G.S.R. 318(E), dated the 31st March, 2018

UTGST - Dadra and Nagar Haveli - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government rescinds the notification number G.S.R. 317(E) dated the 31st March, 2018

UTGST - Chandigarh - E-way bill comes into effect w.e.f. 25-5-2018 - Central Government, rescinds the notification number G.S.R. 316(E) dated the 31st March, 2018

CGST - Seeks to extend the due date for filing of FORM GSTR-3B for the month of April, 2018

Co. Law - Corrigendum - Notification Number G.S.R. 432(E), dated the 7th May, 2018

Cus (NT) - Exchange Rates Notification No.43/2018-Custom(NT) dated 17.5.2018

ADD - Seeks to impose definitive anti-dumping duty on imports of "Ceramic Rollers", originating in or exported from People's Republic of China

PMLA - Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2018

Cus (NT) - Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.

Cus (NT) - Customs Brokers Licensing Regulations, 2018

ADD - seeks to extend the levy of anti-dumping duty, imposed on imports of Peroxosulphates (Persulphate)originating in or exported from China PR under Notification No. 11/2013-Customs (ADD), dated the 16.05.2013 for a further period of one year (i.e. 14.05.2019)

CGST - Seeks to waive the late fee for FORM GSTR-3B

Cus (NT) - Appointment of Common Adjudicating Authority

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Circulars/ Public Notices

DGFT - Quota allotted under the Indo-Sri Lanka Free Trade Agreement: Minutes of the Meeting dated 9.5.2018

DGFT - Service Providers (and not Ports) are eligible for SFIS/SFIS benefit

DGFT - Maintenance of Annual Average Export Obligation- regarding

DGFT - Change in import policy of Peas from 'Free' to 'Restricted' - Implementation of Notification No.4 dated 25.4.2018- reg.

DGFT - Extension of date for mandatory digital payment through e-MPS

Customs - Pilot implementation of paperless processing under SWIFT — Uploading of supporting documents regarding -Reg.

Customs - Forwarding of samples for testing to the Outside Laboratories- reg.

Companies Law - Clarification-Condonation of Delay Scheme, 2018-reg.

DGFT - Clarification regarding DGFT Notification No. 4 & 5

DGFT - Implementation of MOU between India and Mozambique for import of pulses from Mozambique - reg.

Customs - Modification in the procedure of the Container Movement Permission – reg.

Customs - Increase in the validity period of Chapter 3 Scrips – clarification reg.

DGFT - Public Notice No.33 dated 23.10.2017 applied to all scrips under Chapter 3 of FTP.

Customs - Direction under Section 16(5) of Food Safety and Standards Act, 2006 regarding operationalisation of draft Food Safety and Standards (Import) Amendment Regulations, 2018 –reg.

DGFT - Non-submission of complete Appendix 4E, containing technical details, chemical reactions and data sheet for advance authorisation applications on self declaration basis under Para 4.04 and 4.07 of HBP for cases relating to NC-4

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Jiva Seva is Shiva Seva:
Service to humanity is Service to God

May I be born again and again, and suffer thousands of miseries so that I may worship the only God that exists, the only God I believe in, the sum total of all souls—and above all, my God the wicked, my God the miserable, my God the poor of all races, of all species, is the special object of my worship.

- Swami Vivekananda, CW, 5:137
 
 
 
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