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Tax Updates - TMI Newsletters
Home Newsletters Index Year 2018 February Day 3 - Saturday
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TMI Updates - Newsletter dated: February 3, 2018

TMI SMS


Highlights

  1. GST : In view of difficulties faced by the trade in generating e-way bill due to initial technological glitches, it has been decided to extend the trial phase for generation of e-way bill, both for inter and intra state movement of goods. It'll be applicable from a date to be notified - CBEC

  2. Income Tax : Withholding of tax at higher of the rates prescribed u/s 206AA - non-resident not having PAN - provision of section 206AA will not have an overriding effect over the provisions of the 1961 Act and if the provision of DTAA are beneficial to the assessee they will override provisions of Section 206AA by virtue of provisions of Section 90(2). - Tri

  3. Income Tax : Exemption u/s 11 - whether Voluntary Contributions made to the corpus of the Trust constitutes “taxable income” of the Trust? - Corpus-specific-voluntary contributions are outside the taxations in case of an unregistered Trust u/s. 12/12A/12AAA of the Act too. - Tri

  4. Income Tax : Penalty u/s 271B - not getting accounts audited u/s 44AB - No doubt, exemption claimed by the assessee society trust u/s 11A has not been granted by the AO and completed the assessment u/s 143(3) but it will not burden the assessee to get its account audited with retrospective effect so long as registration u/s 12A of the Act is in operation - Tri

  5. Income Tax : Penalty u/s 271B - not getting accounts audited u/s 44AB - when there is no computation of profits and gains of the business or profession as part of the total income, the assessee society is not amenable to section 44AB of the Act. - Tri

  6. Income Tax : Gift chargeable to tax in the hands of HUF - assessee could not show us any commentary on Hindu law or any other authoritative material, which says that mother of Karta of assessee HUF, is member of his HUF - gift of equity shares received by the assessee is taxable u/s 56(2)(vii) - Tri

  7. Income Tax : Effect of section 14A amendment - Expenses related to exempted income - Whether sub-section (2) and sub-section (3) of Section 14A inserted with effect from 01.04.2007 will apply to all pending assessments? - Held no - SC

  8. Customs : Effective rates of customs duty and IGST for goods imported into India. - Notification as amended

  9. Service Tax : Classification of services - BAS or Air Travel Agent Service - Export of service - the commercial services provided by the appellant, inter alia, soliciting, promoting and selling passenger air transportation and cargo and mail transportation for Saudia is very much a Business Auxiliary Service - Tri

  10. Central Excise : CENVAT Credit - Input services in relation to GTA - Cenvat Credit on goods transport agency service availed for transport of goods from place of removal to buyer’s premises was not admissible post 1.3.2008 - SC


Articles


Notifications


News - Feeds


Case Laws:

More information of case laws are visible to the Subscriber of a package i.e:-
Party Name, Court Name, Date of Decision, Full Text of Headnote, Decision etc.


  1. 2018 (2) TMI 89

    In: Customs


  2. 2018 (2) TMI 90

    In: Customs


  3. 2018 (2) TMI 88

    In: Customs


  4. 2018 (2) TMI 87

    In: Customs


  5. 2018 (2) TMI 115

    In: Income Tax


  6. 2018 (2) TMI 109

    In: Income Tax


  7. 2018 (2) TMI 108

    In: Income Tax


  8. 2018 (2) TMI 107

    In: Income Tax


  9. 2018 (2) TMI 106

    In: Income Tax


  10. 2018 (2) TMI 105

    In: Income Tax


  11. 2018 (2) TMI 104

    In: Income Tax


  12. 2018 (2) TMI 103

    In: Income Tax


  13. 2018 (2) TMI 114

    In: Income Tax


  14. 2018 (2) TMI 113

    In: Income Tax


  15. 2018 (2) TMI 102

    In: Income Tax


  16. 2018 (2) TMI 101

    In: Income Tax


  17. 2018 (2) TMI 112

    In: Income Tax


  18. 2018 (2) TMI 111

    In: Income Tax


  19. 2018 (2) TMI 100

    In: Income Tax


  20. 2018 (2) TMI 99

    In: Income Tax


  21. 2018 (2) TMI 98

    In: Income Tax


  22. 2018 (2) TMI 97

    In: Income Tax


  23. 2018 (2) TMI 110

    In: Income Tax


  24. 2018 (2) TMI 96

    In: Income Tax


  25. 2018 (2) TMI 95

    In: Income Tax


  26. 2018 (2) TMI 94

    In: Income Tax


  27. 2018 (2) TMI 93

    In: Income Tax


  28. 2018 (2) TMI 92

    In: Income Tax


  29. 2018 (2) TMI 91

    In: Income Tax


  30. 2018 (2) TMI 116

    In: Insolvency & Bankruptcy


  31. 2018 (2) TMI 84

    In: Service Tax


  32. 2018 (2) TMI 83

    In: Service Tax


  33. 2018 (2) TMI 82

    In: Service Tax


  34. 2018 (2) TMI 86

    In: Service Tax


  35. 2018 (2) TMI 81

    In: Service Tax


  36. 2018 (2) TMI 80

    In: Service Tax


  37. 2018 (2) TMI 79

    In: Service Tax


  38. 2018 (2) TMI 85

    In: Service Tax


  39. 2018 (2) TMI 78

    In: Service Tax


  40. 2018 (2) TMI 77

    In: Service Tax


  41. 2018 (2) TMI 76

    In: Service Tax


  42. 2018 (2) TMI 117

    In: Central Excise


  43. 2018 (2) TMI 75

    In: Central Excise


  44. 2018 (2) TMI 74

    In: Central Excise


  45. 2018 (2) TMI 73

    In: Central Excise


  46. 2018 (2) TMI 72

    In: Central Excise


  47. 2018 (2) TMI 71

    In: Central Excise


  48. 2018 (2) TMI 70

    In: Central Excise


  49. 2018 (2) TMI 69

    In: Central Excise


  50. 2018 (2) TMI 68

    In: Central Excise


  51. 2018 (2) TMI 67

    In: Central Excise


  52. 2018 (2) TMI 66

    In: Central Excise


  53. 2018 (2) TMI 65

    In: Central Excise


  54. 2018 (2) TMI 64

    In: Central Excise


  55. 2018 (2) TMI 63

    In: Wealth tax


 
 
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