"29 May 2008" Archive - Page 3

Activity of construction of flats by a builder for their subsequent sale not chargeable to service tax under construction of complex services

Magus Construction Pvt Ltd Vs Union of India (Gauhati High Court)

The circular, dated August 1, 2006, aforementioned, is binding on the department and this circular makes it more than abundantly clear that when a builder, promoter or developer undertakes construction activity for its own self, then, in such cases, in the absence of relationship of ‘service provider’ and ‘service recipient’, the ...

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Foreign nationals working in India will be exempt from fringe tax

Foreign nationals working in India will be exempt from fringe benefit tax (FBT) on the cost of transportation from their residence to the workplace, according to a Supreme Court ruling. Responding to a petition filed by an Australian firm, R&D Falcon (A) PTY, the apex court overruled an earlier decision by the Authority for Advance Ruling...

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Posted Under: Income Tax |