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Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.
Where any service tax has not been levied or paid or has been short-levied or short-paid or erroneously refunded, the Central Excise Officer may, within one year from the relevant date, serve notice on the person chargeable with the service tax which
Therefore, in partial modification of para 1 of our circular RPCD.CO. LBS.HLC.BC.No.43 /02.19.10/ 2009-10 dated November 27, 2009 wherein it was advised “to provide banking services through a banking outlet in every village having a population of over 2,000, by March 2011”, it is advised that the date of providing banking services through a banking outlet in every village having a population of over 2,000, is revised to March 2012. However, March 2011 may be considered as an intermediate target.
n respect of duty and any other sums of any kind payable to the Central Government under any of the provisions of this Act or of the rules made there under including the amount required to be paid to the credit of the Central Government under Section
NOTICE FOR PAYMENT OF DUTIES, INTEREST ETC. – (1) When any duty has not been levied or has been short-levied or erroneously refunded, or when any interest payable has not been paid, part paid or erroneously refunded, the proper officer may, – (a) in
British telecom operator Vodafone said it has filed an appeal with the Supreme Court, after the Bombay High Court dismissed its petition and ruled that the income-tax authorities have jurisdiction over tax bills in cross-border mergers.
The fifth Annual Convention on RTI concluded here today. The two days convention was attended by all stakeholders of the RTI Act, including the State Information Commissions, media and civil society organizations. Union Minister of State for IT & Telecom Sachin Pilot delivered the valedictory address. In his speech, he said that RTI in India is hailed all over the world for its role in truly empowering the common man and strengthening democracy. He felt that several issues on the demand side, however, remain to be resolved. Effort is needed in the areas of awareness generation, improving accountability and accessibility. The minister felt that technology like mobile telephone can be used for carrying out mass awareness campaigns on RTI Act. He further said that the systems need to be put in place to check misuse of the Act.
The money recovered from Harshad Mehta-led 1992 banking securities scam is lying idle. The distribution of 2,200 crore recovered from Mehta group by the custodian appointed under a Special Act by government is not taking place due to differences between two major claimants — the I-T department and banks and financial institutions (FIs) — which have lost money in the scam.
Abnormal loss of stock can be due to theft, fire or other natural calamity and there may be three circumstances . 1. When stock is fully insured. 2. When stock is un-insured 3. When stock is partially insured. The most important thing in
The government today came out with a new index on inflation, which revealed that the rate of price rise declined by 1.3 percentage points to a 7-month low of 8.5 per cent in August. However, data on the old inflation series, which was released along with the new series today, showed that the rate of price rise dipped marginally from 10 per cent in July to 9.5 per cent in August.
THE government plans to grant companies right to challenge pending investigations against them under the Companies Act, as it looks to put an end to harassment of firms by investigating agencies. The ministry of corporate affairs, which is reworking
