"27 September 2013" Archive

Clarification On Levy Of Service Tax on Education Related Services

While Service Tax is levied on almost services, barring few listed in negative list and exempted services, there are certain sectors which enjoy the special privileges. Education is one such sector which enjoy privilege under Service Tax and rightly so. ...

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Posted Under: Service Tax |

ICAI requests CBDT to extend due date of e‐filing of ITR, Tax Audit Report

ICAI has requested CBDT to extend the due date of e‐filing of income‐tax returns, tax audit reports and report under section 92E of the Income‐tax Act, 1961...

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Posted Under: Service Tax |

ICAI committee to amend rules restricting 3 consecutive term as member of Regional Council

ICAI has constituted a committee to look into amendments if any to be made in rules related to three consecutive term restriction on the continuance as member of the Regional Council vis-à-vis corresponding applicable rules pertaining to Central Council elections. The Committee will submit its report to the President within 15 days. ...

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Posted Under: Service Tax |

Company MD jailed for TDS default

Managing Director of M/S Kitty Steels Ltd., Hyderabad Sentenced for 3 Months along with the Fine of Rs. 5000/- Each for the Two Offences Committed under Section 276B and 276C of the Income Tax Act. ...

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Posted Under: Service Tax |

Voters have right to reject all candidates in elections : SC

People’s Union for Civil Liberties & Anr. Vs Union of India & Anr. (Supreme Court of India)

In a Landmark Judgment today the Apex Court has held in the case of People’s Union For Civil Liberties & Anr Vs. Union Of India & Anr. (WRIT PETITION (CIVIL) NO. 161 OF 2004) that that citizens have right to cast negative vote rejecting all candidates contesting polls. ...

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Notification No. 101/2013-Customs (N.T.) Dated: 27/09/2013

Notification No. 101/2013-Customs (N.T.) (27/09/2013)

In exercise of the powers conferred by sub-section (2) of section 76 of the Customs Act, 1962 (52 of 1962), the Central Government, hereby makes the following further amendments in the notification of the ...

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Notification No. 12/2013-CE (N.T.) ; Dated : 27.09.2013

Notification No. 12/2013-Central Excise (N.T.) (27/09/2013)

The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 10th September, 2004, vide Notification No. 23/2004 - Central Excise (N.T.) dated the 10th September, 2004, vide number G.S.R. 600(E), dated the 10th September, 2004 and last amended vide Notification No. 3/2013-Centr...

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Unlisted Indian Companies Allowed to List and Raise Capital abroad

Unlisted Indian Companies Allowed on A Pilot Basis for A Period of Two Years to List and Raise Capital abroad without the Requirement of Prior or Subsequent Listing in India ...

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Posted Under: Service Tax |

Condition requiring manual filing of audit report by 30.09.2013 is ultra vires and Void

Notification issued on 26.09.2013 has mandated that the Audit report must be furnished manually to the jurisdictional Assessing Officer by 30.09.2013. However the condition in notification is contrary to the Rules which have not been consequently modified....

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Posted Under: Service Tax |

E-Filing Of Tax Audit Report- Professionally Here We Are Standing Boss!!!!!!!!

CA Sudhir Halakhandi The chartered accountants were  eagerly waiting for the Extension of date for E-filing of audit report and every professional have the confidence that the date will certainly extended (for obvious reasons) and the critical issue was the time of announcement and the expectation was that the date will be extended a few...

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Posted Under: Service Tax |