Follow Us :

Archive: 10 May 2015

Posts in 10 May 2015

Penalty imposed not sustainable if Quantum Assessment itself quashed

May 10, 2015 3354 Views 0 comment Print

Since basis for visiting assessee with penalty has been extinguished by quashing assessment order itself by Tribunal in appeal of assessee, impugned penalty imposed further had no leg to stand.

Sending mails automatically to Customers for ‘TDS Certificates Follow up’ with Mail Merge

May 10, 2015 35362 Views 0 comment Print

Have you received TDS Certificates from all your Customers? If not, you can follow up for the TDS Certificates by sending mails automatically to your Customers by following the procedure mentioned below:

All about Goods and Service Tax (GST) in India

May 10, 2015 36951 Views 0 comment Print

The Goods and Service Tax (GST) is a tax likely to be implemented in India, from 1st April 2016. GST is proposed to be a comprehensive indirect tax to be levied on manufacture, sale and consumption of goods as well as services at the national level. It will substitute all indirect taxes levied on goods and services by the Central and State Governments in India as of now. It is aimed at being comprehensive for most goods and services.

Utilisation of credit of Education and SHE Cess for payment of basic excise duty

May 10, 2015 7320 Views 0 comment Print

Rule 3(7)(b) of the CCR, 2004 has been amended vide Notification No.12/2015-Central Excise (N.T.), dated 30.04.2015 so as to allow utilisation of credit of Education Cess and Secondary & Higher Education Cess for payment of basic excise duty.

Purchase tax under Haryana Value Added Tax Act,2003

May 10, 2015 9978 Views 1 comment Print

CA Praveen Kapoor Under the provisions [See Sec. 3(3) & Sec. 7(1)(b)] of Haryana Value Added Tax Act, 2003 If a dealer liable to pay tax under HVAT Act,2003 purchases or receives any taxable goods in the State from any source in the circumstances that no tax is levied or paid under HVAT Act,2003    and […]

Loan From Director under Section 179(3) and 180

May 10, 2015 175794 Views 17 comments Print

The director from whom money is received furnishes to the company at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others.

Disallowance of expenditure due to non compliance of TDS provisions

May 10, 2015 20182 Views 0 comment Print

Section 40 of the Income Tax Act, 1961 provides for non deduction of amount of expenditure specifically mentioned there in. One of the important provisions which merit our attention and faced by many assesses in day to day transactions is 40(a)(ia). Section 40(a)(ia) provides for disallowance of expenditure in relation to interest, commission or brokerage, rent, royalty, fees for professional services or fees for technical services payable to resident, or amounts payable to a resident contractor or sub – contractor for carrying out any work including supply of labour for carrying out any work.

Case Study of Vodafone India services (P) Ltd. Vs UOI (Bombay HC Decision)

May 10, 2015 39545 Views 0 comment Print

Vodafone India Services (P) Ltd. Is a wholly owned subsidiary of Vodafone Tele-Services (India) Holdings Ltd., a non resident company Mauritian entity. Vodafone Holding is AE (Associate Enterprise) of Vodafone India for the purpose of transfer pricing provisions under chapter X of Income Tax Act 1961. Vodafone india is engaged in providing service in relation to Telecommunication in india.

Free e-Book on​ AP VAT Act & Rules 2005

May 10, 2015 14510 Views 13 comments Print

Download Free e- Book on Andhra Pradesh (AP) Value Added Tax Act, 2005 – Updated Till 30th April 2015 Download Free e- Book on Andhra Pradesh (AP) Value Added Tax Rules, 2005 – Updated Till 30th April 2015 Rate Schedule Under Andhra Pradesh (AP) Value Added Tax Act, 2005 1. APVAT SCHEDULE – I EXEMPTED […]

PFRDA (Aggregator) Regulations 2015

May 10, 2015 2186 Views 0 comment Print

These regulations shall be applicable to the—NPS-Lite under National Pension System, (also referred to as NPS-Swavalamban), which is a low-cost, feature optimized group model, aimed at unorganised and economically disadvantaged sections of the society.

Search Post by Date
June 2024