Courts have held that the expression ‘charitable purpose’ is sufficiently wide in scope to include a variety of activities. For instance, promotion of sports and games is a charitable purpose

Hon’ble Union Minister of Finance has proposed a Service Tax Voluntary Compliance Encouragement Scheme, 2013 in Finance Budget 2013. The Scheme is applicable for the tax dues not paid for the period 1st October 2007 to 31st December 2012.

Traders in cities from Maharashtra are rightfully agitating over proposed introduction of LBT because of their concerns about multiplicity of indirect taxes and related compliances.

In India, Institute of Company Secretaries of India, Institute of Cost Accountants of India, Institute of Chartered Accountants of India and Bar Council of India are the four professional bodies passed by an Act of Parliament, whose members are engaged in the line of tax practice. They should shed off their own narrow mindedness and [...]

Contents of The Article / E-Book Introduction Appeals before Commissioner (Appeals) Appeal before Income Tax Appellate Tribunal Appeal before High Court Appeal before Supreme Court Form 35 for filing appeal to Commissioner(Appeals) Form 36 for filing appeal to Appellate Tribunal Form 36A, i.e. memorandum of cross-objections to the   Appellant Tribunal Standing Order under Income Tax [...]

We have summarized the important judgment of the Hon’ble Tribunal in the case of LANDIS + GYR LTD. V. COMMISSIONER OF CENTRAL EXCISE [2013] 32 Taxmann.com 268 (Kolkata – CESTAT) on following issue as discussed here under: Issue: Whether every audit objection leads to invocation of extended period and levy of penalty, except where mala [...]

The APA rules provide that APA team would also include experts in economics, statistics, law or any other field as may be nominated by the DGIT (IT).Would such experts be included in each and every APA or would the need be analysed on a case to case basis?

To bring about certainty and uniformity with regard to determination of arm’s length price of the international transaction, the Finance Act, 2012 had inserted sections 92CC and 92CD in the Income Tax Act 1961 introducing the provisions of Advance Pricing Agreement (APA). The Ministry of Finance has notified an “Advance Pricing Agreement Scheme” (Rules 1OF [...]

Specified type of education are covered in negative list while certain other types of education services are covered for exemption under mega exemption Notification No. 25/2012-ST dated 20.06.2012. Both these provisions operate on a different footing on a strict legal interpretation.

 Adv. Neerav Mainkar After years of dragging its feet on the abolition of Octroi at its Check Nakas in several cities, the State Government has finally abolished Octroi in the cities of Nagpur, Pune and Pimpri-Chinchwad, Thane & Navi Mumbai Municipal Corporations, replacing it with Local Body Tax (LBT).