"15 May 2011" Archive

Harbhajan Singh receives notice for not paying service tax on his income

Off-spinner Harbhajan Singh has been sent a notice by the central excise and taxation department for not the paying service tax on his income. According to the officials of central excise and taxation department here, Harbhajan has not paid the service tax on his income in the first and second seasons of IPL. ...

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Posted Under: Service Tax |

Merely because the claim was made under one provision of the Act and not under another provision does not debar the assessee from claiming deduction u/s 37(1) even if it was not raised before the lower authorities

Mohan Meakin Limited Vs. CIT (Delhi High Court)

Mohan Meakin Limited vs. CIT (Delhi High Court) - Merely because the claim was not made out under one particular provision of the Act, but was so made out under another provision of law, the assessee could not be debarred to raise such legal question. It is legally permissible to raise question of deduction under Section 37 of the Act eve...

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Service Tax – CBEC’s instructions on applicability of provisions of Export of Services Rules, 2005 in certain situations – Circular No. 141/10/2011-TRU, Dated 13-05-2011

Circular No. 141/10/2011- ST 13/05/2011

CIRCULAR NO. 141/10/2011-TRU, DATED 13-5-2011 - Circular No.111/05/2009-ST was issued on 24th February, 2009 on the applicability of the provisions of the Export of Services Rules, 2005 in certain situations. It had clarified on the expression "used outside India" in Rule 3(2)(a) of the Export of Services Rules, 2005 as prevalent at that ...

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To enhance surveillance and protect investors' interest SEBI mulling business intelligence gathering mechanism

Capital market regulator Securities and Exchange Board of India (SEBI) has proposed to put in place a business intelligence gathering mechanism with an aim to enhance its surveillance and protect investors' interest....

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Posted Under: Service Tax |

States to look for new chief to replace Asim Dasgupta , who can steer GST

With the Left losing power in West Bengal, the Empowered Group of State Finance Ministers, which is currently engaged in building a consensus on the GST, will have to find a replacement for Asim Dasgupta who has been heading the body since its inception. As West Bengal Finance Minister, Mr. Dasgupta was involved with the Empowered Group f...

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Posted Under: Service Tax |

Forgery Case – Former Fifa referee under the scanner

Former Fifa referee and present Deputy Chairman of the referees Committee of Goa Football Association, Benjamin Incacio Conceicao Silva has submitted to the GFA and AIFF forged documents (which are actually documents of GFA executive committee member and referees Committee chairman of GFA, Benjamin Silva) to lower his age by nearly five y...

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Posted Under: Service Tax |

Online pharmacies Ad – Google close to settling US criminal investigation

Google Inc is close to settling a US criminal investigation into allegations it made money by accepting ads from online pharmacies that break US laws, says a media report. Attributing to a source, The Wall Street Journal reported, Google is close to settling a US criminal investigation into allegations it made hundreds of millions of dol...

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Posted Under: Service Tax |

Sebi mulls new incentive structure for Mutual Fund agents

A panel set up by Sebi to boost mutual fund investments through distributors is considering a new incentive model, wherein investors could be asked to pay a service fee and commissions would be borne by fund houses. The proposals also involve a single-cheque payment for the combined amount of the agreed investment and service fee or trans...

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Posted Under: Service Tax |

UN human rights official lauds ratification milestone for disability pact

The United Nations human rights chief today added her voice to the chorus welcoming the 100th ratification of the UN’s disability convention, but warned that too few countries currently have laws protecting persons with disabilities from discrimination. ...

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Posted Under: Service Tax |

SKS Microfinance challenges special act passed by AP govt to regulate micro finance institutions in SC

SKS Microfinance today challenged in the Supreme Court the special act passed by the Andhra Pradesh government to regulate micro finance institutions in the state after allegations that their high interest rates and strong-arm recovery methods led to suicides by farmers. A bench of justices Markandey Katju and Gyan Sudha Mishra issued not...

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Posted Under: Service Tax |

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