"19 March 2014" Archive

SC: Assessee entitled to Interest U/s. 244A on refund of excess deduction of tax at source (TAS) made pursuant to order u/s 195

Union of India Vs. M/s Tata Chemicals Ltd. (Supreme Court)

In the present case, it is not in doubt that the payment of tax made by resident/ depositor is in excess and the department chooses to refund the excess payment of tax to the depositor. We have held the interest requires to be paid on such refunds. The catechize is from what date interest is payable, since the present case does not fall e...

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ICSI – Finance Act and other changes Applicable for June, 2014 Examination

Clarification about applicability of the relevant Finance Act and other changes for Company Secretaryship June, 2014 Examination. DIRECT TAXES Students appearing in paper of Tax Laws (Old Syllabus), Tax Laws and Practice (New Syllabus) of Executive Programme and Advanced Tax Laws and Practice (Old Syllabus) of Professional Programme, Adva...

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Posted Under: Income Tax |

Empanelment of Valuers / Stock Auditors with SBI

LHO, BANGALORE / DELHI INVITES APPLICATIONS FOR THE EMPANELMENT OF VALUERS / STOCK AUDITORS IN STATE BANK OF INDIA, BANGALORE / DELHI CIRCLE...

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Posted Under: Income Tax |

ICAI invites application to act as Checker for CA Exams

The Examination Department of the Institute avails the services of examiners to evaluate the answer books of Chartered Accountants Examinations. To assist them in totaling etc. of marks awarded by them, a Checker is allocated to each examiner. ...

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Posted Under: Income Tax |

Charitable & religious trust eligible for Exemption U/s. 11 & 12 if not benefiting any specific religious community- SC

CIT Vs Dawoodi Bohara Jamat (Supreme Court of Court)

In the case of CIT vs. Dawoodi Bohara Jamat SC has held that the respondent-trust is a charitable and religious trust which does not benefit any specific religious community and therefore, it cannot be held that Section 13(1)(b) of the Act would be attracted to the respondent-trust and thereby, it would be eligible to claim exemption un...

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Anti-dumping duty on imports of 'Sodium Nitrate' from EU, China, Ukraine and Korea

Notification no. 14/2014-Customs (ADD) (19/03/2014)

Notification no. 14/2014 - Customs (ADD), Dated- 19th March, 2014 Seeks to levy provisional anti-dumping duty on imports of 'Sodium Nitrate', originating in, or exported from, the European Union, the People’s Republic of China, Ukraine and Korea RP , for a period of six months...

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Anti-dumping duty on imports of 'Red Phosphorous' from China

Notification No. 13/2014-Customs (ADD) (19/03/2014)

Notification No. 13/2014-Customs (ADD), Dated- 19th March, 2014 Seeks to levy definitive anti-dumping duty on imports of 'Red Phosphorous, excluding red phosphorous used in electronic applications', originating in, or exported from, the People’s Republic of China for a period of five years...

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Significance of Insurance

Many of us think that taking insurance is a cost and utter waste. But, remember, this cost is very least when you compare the benefits that accrue to you in the event of an unfortunate event. ...

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Posted Under: Income Tax |