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Archive: 04 July 2009

Posts in 04 July 2009

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

July 14, 2024 1917 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!

ICAI sign MOU to allow Indian and Australian CAs to practice in each other's country

July 4, 2009 2046 Views 0 comment Print

Accounting regulator ICAI today entered into an agreement with the Institute of Chartered Accountants in Australia that would allow professionals to practice in each other’s country after fulfilling a few conditions. The memorandum of understanding signed today would enable firms from Australia, wanting to practice in India as limited liability partnership, a new form of […]

Waiver of penalty in certain cases for non-filing of return within prescribed time

July 4, 2009 2990 Views 0 comment Print

I am glad to inform the Hon’ble members that Maharashtra is the first State to get tax returns in large numbers electronically from all dealers. The dealers, the trade associations and tax practitioners have greatly contributed to this and deserve to be congratulated.

Railway Minister intoduced 12 non stop trains in Rail Budget

July 4, 2009 787 Views 0 comment Print

First ever non-stop train service ‘Duronto’ introduced. RAILWAY BUDGET 2009-10. For the first time in the history, non-stop train service is being introduced in India. The non-stop train service ‘Duronto’ will have AC and non-AC sleepers and will run between select cities throughout the country.

Removal of Goods from SEZ to DTA units & payment of Duties

July 4, 2009 63039 Views 9 comments Print

Removal of Capital Goods from SEZ to DTA- – Capital goods can be removed from SEZ to DTA on depreciated value for the purpose of payment of duty. Where the capital goods acquired on or before commencement of production, depreciation will be calculated from date of commencement

Stamp Duty on purchase of land in SEZ

July 4, 2009 3176 Views 0 comment Print

Section 57 read with Third Schedule of the SEZ Act, 2005, has amended the provisions of Indian Stamp Act, 1899 so that no duty shall be chargeable in respect of any instrument executed by or on behalf of or in favour of the Developer or Unit or in connection with the carrying out of purposes of the […]

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