"20 November 2011" Archive

Services provided during Hindus' marriage ceremony not exempt from service tax

The Hindus' marriage ceremony is not a religious but a social function and various kinds of service providers, including those erecting tents for it, are not exempted from paying service tax, the Delhi High Court ruled today. A bench of Chief Justice Dipak Misra and Justice Sanjiv Khanna gave this ruling dismissing a plea by All India Te...

Read More
Posted Under: Service Tax |

Rs. 20 crore service tax netted from Mumbai builders

The service tax department is conducting surveys on nine leading developers and has found that Rs50 crore worth of (service) tax has not been deposited with it despite the sum being collected from buyers. The amount is due since five months. Service tax has to be deposited with the department by the first week of […]...

Read More
Posted Under: Service Tax |

No Section 14A disallowance without showing how Assessee was Wrong

Max Opp Investment Ltd. Vs Commissioner of Income Tax (Delhi High Court)

Maxopp Investment Ltd vs. CIT (Delhi High Court) - Even for the pre-Rule8D period, whenever the issue of section 14A arises before an Assessing Officer, he has, first of all, to ascertain the correctness of the claim of the assessee in respect of the expenditure incurred in relation to income which does not form part of the total income u...

Read More

Download Income Tax Calculator for A.Y. 2012-13, 2011-12, 2010-2011

We have attached herewith Income tax Calculator for Assessment year 2010-11, 2011-12 and 2012-13. The user have to select A.Y. for which he want to calculate Tax, Type of Assessee and have to input this taxable income in field provided. Once he provide these details calculator automatically calculates his tax liability and also gives be...

Read More
Posted Under: Service Tax | ,

Cost Inflation Indexed Cost Calculator

Calculate Long term capital gain on sale of capital Assets other then shares with the help of Indexation.- We have given below the Cost Inflation (CII) Index calculator which automatically calculates Indexed cost of your asset. In the calculator You just have to fill the Year of Sale, Year of Purchase , Cost of Purchase/Acquisition/Improv...

Read More
Posted Under: Service Tax |

Service Tax – When tax with interest is paid u/s. 73(3), no noticefor recovery of penalty under Sec. 76 to be issued

Commissioner of Central Excise & Service Tax Vs M/s. Adecco Flexion E Workforce Solutions Ltd. (Karnataka High Court)

The assessee has paid both the service tax and interest for delayed payments before issue of show cause notice under the Act. Sub-Sec.(3) of Sec. 73 of the Finance Act, 1994 categorically states, after the payment of service tax and interest is made and the said information is furnished to the authorities, then the authorities shall not s...

Read More

Reopening under section 147 For Lapse Of AO Invalid – Delhi High Court

M/s. Atma Ram Properties Private Limited Vs D.C.I.T. (Delhi High Court)

Atma Ram Properties Pvt Ltd vs. DCIT (Delhi High Court) - In the present case, as already noticed, the Income-tax Officer, Azamgarh, subsequent to the completion of the original assessment proceedings, on making an enquiry from the jurisdictional Income-tax Officer at Calcutta, learnt that the Calcutta company from whom the assessee...

Read More

Infosys launches XBRL filing solution to help companies file financial statements

Country's second largest software exporter Infosys today announced the launch of XBRL filing solution to help companies file their financial statements in the format mandated by the Ministry of Corporate Affairs. ...

Read More
Posted Under: Service Tax |

Inter-Ministerial Committee to Look into the Issue of Misleading Advertisements

In view of large number of consumer complaints, the Government is considering setting up an inter-ministerial committee to look at ways and means to check false and misleading advertisements effectively. This was stated by PROF. K.V. THOMAS while delivering key note address at conference on ‘Strengthening Self Regulation of Advertising ...

Read More
Posted Under: Service Tax |

Court should not compel Government to make appointments to post of ITAT Member from wait-listed candidates – SC

Union of India & ANR. Vs. Pradip Kumar Kedia (Supreme Court of India)

Union of India & ANR. Vs. Pradip Kumar Kedia Etc. (Supreme Court)- The wait list of candidates recommended by the Selection Board, has not been given effect to. Under sub-rule (3) of Rule 4 of the Rules, the Central Government after taking into consideration the recommendations of the Selection Board make a list of persons selected for a...

Read More