"18 March 2010" Archive

Snatching earth beneath landlord’s feet with retrospective amendment

The renting of immovable property for commercial/business purpose was brought under service tax net in 2007. However, as has been the case with almost all the services the drafting of the provisions was not free from confusion. As per the definition it appeared that the services provided in relation to renting of immovable property was le...

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Posted Under: Service Tax |

NC Notification No. 1/2009-Income Tax Dated 18/3/2010

NC Notification No. 1/2009-Income Tax 18/03/2010

NC Notification No. 1/2009-Income Tax In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutio...

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Public Notice No. 49 /2009-2014, Dated: 18.03.2010

Public Notice No. 49/2009-14 18/03/2010

Attention is invited to Government of India, Ministry of Finance (Department of Revenue), Notification No. 21/2002-Customs dated 01.03 2002 and Notification No. 33/2010-Customs dated 12.03.2010. As per these, import of four items viz., (1) Skimmed and whole milk powder, milk food for babies etc. (0402.10 or 0402.21) and White Butter, But...

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Clarification on imposition of VAT on Sugar and Fabric

Trade Cir. No.11T of 2010 17/03/2010

Government of Maharashtra has raised the rate of tax under Schedule 'C’ of Maharashtra Value Added Tax Act, 2002 from 4 per cent to 5% on goods other than declared goods with effect from 1st April 2010. A notification to this effect has been issued as referred above. While issuing the notification, an inadvertent error had crept in, lea...

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