Day: August 30, 2015
18 articlesIncome Tax

Income Tax
If building is constructed by trust on land owned by trustee; the provisions of sec 13(1) does not gets attracted
Income Tax

Income Tax
No wealth tax on land which remains vacant as per construction Plan
Income Tax

Income Tax
For computing income u/s 80I or 80 IA only losses and deductions of eligible business has to be considered from initial A.Y.
Income Tax

Income Tax
Re-assessment proceedings cannot be initiated u/s 147 just because of change in opinion
Income Tax

Income Tax
In case of failure to issue proper notice to assessee, ITAT has right to review its own order
Income Tax

Income Tax
sec 80HHC- Taxation Laws (2nd Amendment) Act, 2005 have prospective effect
Income Tax

Income Tax
Income from sell of land is capital gain, if purchase and sell of land is not the business of Assessee
Excise Duty

Excise Duty
Ownership of Capital goods not required for availing CENVAT credit
Service Tax

Service Tax
Appeal for determination of any question in relation to rate of duty or to value of goods for assessment would lie before Apex Court – HC
Excise Duty

Excise Duty
Issuance of Show cause notice mandatory for recovery of erroneous refund granted
Excise Duty

Excise Duty
CENVAT credit of inputs lost during manufacturing process as floor sweepings is allowed- CESTAT
Excise Duty

Excise Duty
Service tax cannot be levied on Job work that amounts to manufacture – CESTAT
Goods and Services Tax

Goods and Services Tax
A Much Awaited Indirect Tax Regime Called GST
Income Tax

Income Tax
