Follow Us :

Archive: 07 August 2015

Posts in 07 August 2015

Reg. increase in basic customs duty on wheat from nil to 10% upto 31.03.2016

August 7, 2015 445 Views 0 comment Print

NOTIFICATION NO. 44/2015-Customs (a) in the Table, against S. No.34, for the entry in column (4), the entry 10% shall be substituted; (b) after the Table, in the proviso, after clause (ab), the following clause shall be inserted, namely:- (ac) the goods specified against serial number 34 of the said Table on or after the 1st day of April, 2016

Posts of Independent Directors in Boards of Public Sector Undertakings

August 7, 2015 1725 Views 0 comment Print

The Boards of Central Public Sector Enterprises (CPSEs) comprise of functional, Government and non-official Directors. The proposals for appointment of non-official Directors on the Boards of CPSEs are initiated by the concerned Administrative Ministries/Departments by recommending names of at least 3 eligible persons for each position proposed to be filled.

S. 80IB(10) Restriction on extent of commercial area not applies to projects approved before 1.4.2005

August 7, 2015 921 Views 0 comment Print

CIT vs. Sarkar Builders (Supreme Court of India)- Restriction on extent of commercial area in ‘housing project’ imposed w.e.f. 1.4.2005 does not apply to housing projects approved before 1.4.2005 even though completed after 1.4.2005 – Section 80-IB(10).

Deduction u/s. 80HHC allowable only against profit from export business- SC

August 7, 2015 10294 Views 0 comment Print

The appellant-assessee is engaged in the business of export of marine products and also financial consultancy and trading in equity shares. Its total business does not consist purely of exports but includes business within the country as well which situation is covered by Section 80HHC (3)(b).

Rules for the purpose of FATCA entered into between India & USA

August 7, 2015 3362 Views 0 comment Print

Notification No. 62/2015 – Income Tax Dated: August 7, 2015 S.O. 2155(E) – In exercise of the powers conferred by section 285BA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government with respect to registration of persons, due diligence and maintenance of information, and the Board for matters relating to statement of reportable accounts, hereby make the following rules further to amend the Income-tax Rules, 1962, namely:-

Assessee making periodically RBI approved royalty payments to its AE, TPO not justified in determining ALP at Nil

August 7, 2015 735 Views 0 comment Print

The assessee-company was engaged in the business of manufacture of pre-engineered building system products. During relevant year, assessee entered into international transactions with its AE situated in Kuwait.

CBDT Instruction on monetary limit for filing appeals applies on pending cases too

August 7, 2015 2104 Views 0 comment Print

CBDT Instruction No. 5/2014 dated 10.07.2014 on subject of monetary limit for filing appeals is applicable on pending cases also- ACIT Vs. Suncity Infrastructure Pvt. Ltd. (ITAT DELHI)

Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031