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Archive: 01 July 2009

Posts in 01 July 2009

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 24, 2024 6075 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4767 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Mvat Notification for Adding Entries to Medical Devices Notification

July 1, 2009 1398 Views 0 comment Print

Mantralaya, Mumbai 400 032, dated the 29th June 2009. NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT- 1509/CR-.81- C/Taxation- 1 — In exercise of the powers conferred by sub-entry (8) of entry 107 of SCHEDULE ‘C’ appended to the Maharashtra Value Added Tax Act, 2002 (Mah IX of 2005) the Government of Maharashtra hereby amends […]

No MVAT on Sales by a registered dealer to the Department of Space ,of goods used in Satellite Launch System

July 1, 2009 652 Views 0 comment Print

FINANCE DEPALRTMENT Mantralaya, Mumbai 400 032, dated the 29th June 2009 ORDER Maharashtra Value Added Tax Act, 2002. No.VAT-1509/ CR-81-A/Taxation -1. -In exercise of the powers conferred by sub-section (5) of section 8 of the Maharashtra Value Added Tax Act. 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends with effect from the 1st July […]

Section 271(1)(c) can be invoked only if there is a "concealment of particulars of income"

July 1, 2009 703 Views 0 comment Print

20. It seems to us that the revenue functions in the same manner as other departments of administration, wherein the accepted norm is, to shift the responsibility of decision making to the judiciary. In sum and substance, the judiciary not only adjudicates upon legitimate controversies between quarreling parties, but also discharges the executive function of decision making

Clarification regarding deduction under section 80-IB(10) in respect of undertakings developing building and housing projects

July 1, 2009 2162 Views 0 comment Print

Instruction No. 4/2009, dated 30-6-2009 Under sub-section (10) of section 80-IB an undertaking developing and building housing projects is allowed a deduction of 100% of its profits derived from such projects if it commenced the project on or after 1.10.1998 and completes the construction within four years from the financial year in which the housing […]

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