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Archive: 11 November 2009

Posts in 11 November 2009

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7227 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Assessee liable to pay interest u/s 234B & 234C even if income is computed u/s 115JA

November 11, 2009 1142 Views 0 comment Print

The Tribunal had to consider whether an assessee liable to pay Minimum Alternate Tax u/s 115JA was also liable to pay interest u/ss 234B & 234C for short-fall in payment of advance tax. The Judicial Member followed the judgement of the Bombay High Court in Snowcem India Ltd 313 ITR 170 and held that interest u/ss 234B and 234C could not be levied when book profits was computed u/s 115JA.

How to file return in ACES- Part-III

November 11, 2009 3953 Views 0 comment Print

Now it’s time to do act online like: File claims and Submit intimations, case portfolio, export related documentations, provisional assessment, file the refund claim, complete/amend/ surrender the registration certificate, file all types of returns through online as well as through excel utility and also you can get the help at every point.

SEBI :(Stock Brokers and Sub-Brokers) (Amendment) Regulations 2009

November 11, 2009 316 Views 0 comment Print

(i) in regulation 1 6L, in sub-regulation (2), in the proviso, after the words for a period extending upto one year and before the words from the date of commencement of, the words and six months shall be inserted; (ii) in regulation 1 6P, after sub-regulation (2), the following sub-regulation shall be inserted, namely:- (3) A trading or clearing member of any other derivatives segment, who has been allowed to trade or clear in the currency derivatives segment, shall be liable for fees as provided in sub-regulation (1).

Amends notification No. 21/2002-Customs Duty, Dated: 01.03.2002

November 11, 2009 292 Views 0 comment Print

The principal notification No.21/2002-Customs, dated the 1st March, 2002, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification No. 118/2009-Customs, dated the 14th October, 2009 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.751(E), dated the 14th October, 2009.

Notification No. 124/2009-Customs Duty, dated 11-11-2009

November 11, 2009 412 Views 0 comment Print

(a) The subject goods had been exported to India from the subject countries below their normal value; (b) The domestic industry had suffered material injury; (c) The injury had been caused by the dumped imports from subject countries.and had recommended the imposition of definitive anti-dumping duty on imports of the subject goods originating in, or exported, from the subject countries;

Application for rectification must be filed within 6 months from date of order of Tribunal

November 11, 2009 9481 Views 0 comment Print

Insofar as Appeal No. 64/2009 is concerned relating to the correctness or otherwise of the order of the Tribunal rejecting the rectification application on the ground of limitation, even assuming, that it is a question of law, there is no error in the finding on the question of law also and therefore there is no way of keeping this appeal pending on the board of this Court for further examination, the order of the Tribunal is fully in consonance of the law declared by the Supreme Court in Hongo India (P) Ltd’s case (supra) the appeal inevitably has to be dismissed and it is accordingly dismissed.

Section 132 of the Income-tax Act, 1961 – Search & seizure – Empowerment of authorities

November 11, 2009 5448 Views 0 comment Print

Notification No. 82/2009 – Income Tax In exercise of the powers conferred by the fourth proviso to sub-section (1) of section 132 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby empowers all the Additional Directors of Income-tax and Joint Directors of Income-tax working under the Director General of Income-tax (Investigation)

India will renegotiate double tax avoidance treaties with 77 countries

November 11, 2009 279 Views 0 comment Print

India today said it will renegotiate with all the 77 countries with which it has double tax avoidance treaties to track tax evasion following allegations of black money being stashed by many Indians in Swiss banks.

1st Discussion Paper On Goods and Services Tax In India

November 11, 2009 564 Views 0 comment Print

If the Value Added Tax (VAT) is considered to be a major improvement over the pre-existing Central excise duty at the national level and the sales tax system at the State level, then the Goods and Services Tax (GST) will be a further significant breakthrough – the next logical step – towards a comprehensive indirect tax reform in the country.

Instruction regarding judgement of Delhi HC in respect of Service Tax on Renting of immovable property

November 11, 2009 1239 Views 0 comment Print

Kind attention is invited to the recent judgement of the Honourable High Court of Delhi in the matter of Home Solutions Retail India Ltd and Others Vs Union of India [2009] 20 STT 129 (Delhi) , wherein it is held (Para 36 of the order) that, “Section 65(105)(zzzz) does not in terms entail that the renting out of immovable property for use in the course of furtherance of business of commerce would by itself constitute a taxable service and be exigible to service tax….”

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