The constitutional validity of the amendment to section 2(24) of the Maharashtra Value Added Tax Act, 2002 was challenged by the Maharashtra Chamber of Housing Industry and others by way of the Writ Petition bearing number 2022 of 2007 filed before the Hon Bombay High Court.
Earlier it was administratively decided that if an Audit Report in form 704 for the period 2012-13 pertaining to developers (other than those opting for composition scheme) is filed within one month from the due date i.e. on or before 15th February 2014, then penalty under section 61(2) of the MVAT Act, 2002 shall not be imposed.
On remand, the Assessing Officer to take a fresh decision in accordance with law and the case law at the time he decides the matter, inclusive of the decision of the Special Bench of the tribunal rendered in the case of IndusInd Bank Ltd..
Modification of Customs Rule Regarding Carrying/Wearing Gold for Passengers Flying from Abroad to India February 21, 2014 There is no proposal under consideration of the Government to modify the existing rules with regard to carrying/wearing gold for passengers flying from abroad to India. In the Budget 2012-13, the Baggage Rules, 1998 regarding carrying/wearing gold for […]
Withdrawal of Currency Notes in Circulation The Reserve Bank of India (RBI) has announced the decision to withdraw from circulation all currency notes printed prior to 2005. It is a standard international practice to withdraw old series of banknotes from time to time. The reason for withdrawal of banknotes printed prior to 2005 is to […]
The Central Bureau of Investigation has registered a case on the allegations for possession of disproportionate assets against CS Bharti, a 1994-batch Indian Revenue Service who was Posted as Additional Commissioner of Income Tax, Gandhinagar and his wife for abetting him in the said offence.
CA Sandeep Kanoi Tax deductor and collector holding valid TAN can register and use the TAN based credentials to file Form 15CA but to fill form 15CA if no tax is been deducted it is still not mandatory for remitter to have TAN. Link To Register on Income Tax E-Filing Website https://incometaxindiaefiling.gov.in/e-Filing/Registration/RegistrationHome.html
Competition Commission of India(CCI) has imposed a penalty of Rs.3.81 crore on Dr. L.H.Hiranandani Hospital, Mumbai for violation of Section 3 & 4 of the Competition Act. The informant Mr. Ramakant Kini had approached CCI alleging that the hospital had abused
