"11 November 2009" Archive

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

Kanel Oil vs. JCIT (ITAT Ahmedabad-Third Member)

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 b...

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How to file return in ACES- Part-III

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 po...

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Posted Under: Income Tax |

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

Notification No. LAD-NRO/GN/2009-10/21/183853 11/11/2009

(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 ...

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

Notification No. 125/2009-Customs 11/11/2009

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 ...

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

Notification No. 124/2009-Customs 11/11/2009

(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 ...

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

Notification No. 82/2009 - Income Tax 11/11/2009

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 In...

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India will renegotiate double tax avoidance treaties with 77 countries

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....

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Posted Under: Income Tax |

1st Discussion Paper On Goods and Services Tax In India

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 coun...

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Posted Under: Income Tax |

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

Instruction F.No 336/10/2009-TRU 15/07/2009

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...

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ICAI election procedure

Our elections are held on the single ‘transferable vote’ system under which the voter has to indicate his preferences about the candidates by inserting the figures 1, 2, 3 etc against the names of the candidates according to his preference. Some members are under the impression that only the ‘ first’ preference vote has value. Th...

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Posted Under: Income Tax | ,

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