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Archive: 10 February 2015

Posts in 10 February 2015

Jurisdiction of DGCEI for Service tax cases booked by it

February 10, 2015 3836 Views 0 comment Print

The Central Board of Excise and Customs vide Notification No. 02/2015-ST dated February 10, 2015, has notified that the Principal Director General of Central Excise Intelligence shall have jurisdiction over the Principal Commissioners of Service Tax or the Principal Commissioners of Central Excise or the Commissioners of Service Tax or the Commissioners of Central Excise

No Section 234A Interest on SA tax paid before due date of filing ROI

February 10, 2015 20510 Views 0 comment Print

CIRCULAR NO. 2/2015 The Board has decided that no interest under section 234A of the Act is chargeable on the amount of self-assessment tax paid by the assessee before the due date of filing of return of income.

Effect of BEPS project on common tax structures used by MNEs in digital economy

February 10, 2015 1442 Views 0 comment Print

The legal structures adopted by MNEs for tax planning purposes in the traditional businesses are often applied even in the digital businesses. These structures can essentially be broken down into four elements as elaborated in the February 2013 OECD Report on ‘Addressing Base Erosion and Profit Shifting’:

Commodities Transaction Tax (First Amendment) Rules, 2015

February 10, 2015 916 Views 0 comment Print

Notification No. 13/2015 – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 133 of the Finance Act, 2013 (17 of 2013) (herein after referred to as the Act), the Central Government hereby makes the following rules to amend the Commodities Transaction Tax Rules, 2013, namely

MYFIT– Order Online Readymade Garment with your Own Fitting in few Steps

February 10, 2015 1061 Views 0 comment Print

Recently I heard that VAN Heusen offers a Service In which I can order My Shirt and Trouser online based on my own measurements. I do not have to adjust with cloths which are not made for me but for people of almost my built-up. I decided to give a try to Readymade Shirts of […]

Notification No. 03/2015-Customs (ADD), Dated-10th February, 2015

February 10, 2015 481 Views 0 comment Print

Whereas, in the matter of “Sodium Nitrate” (hereinafter referred to as the subject goods), falling under Chapter 28 or 31 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in, or

Comments Invited on Interim Report of Bankruptcy Law Reforms Committee

February 10, 2015 965 Views 0 comment Print

The Union Finance Minster Shri Arun Jaitley during his Budget Speech of 2014-15 announced that an entrepreneur friendly legal bankruptcy framework would be developed for SMEs to enable easy exit.             Pursuant to the above announcement, a Committee was set-up under Shri TK Viswanathan, former Secretary General, Lok Sabha and former Union Law Secretary, on […]

My dad, my best advisor: What makes him a #GreatDad

February 10, 2015 3667 Views 0 comment Print

Whenever I look at how far I’ve come today in terms of my career and my life, I always think of my dad. My dad has been a constant source of inspiration in my life. His strong grounding stems from his humble beginnings, from which he grew to be extremely successful and brought up his […]

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