ITAT Mumbai held In the case of Inventurus Knowledge Services Pvt. Ltd. vs. ITO that it is clear that the eligible transactions in derivatives carried out through recognized stock exchanges are exempted from the purview of speculation transactions u/s 43(5) provided other conditions are satisfied.
Central Madhya Pradesh Gramin Bank EMPANELMENT OF CONCURRENT AUDITORS Central Madhyapradesh Gramin Bank Intends to empanel Chartered Accountant firms for conducting concurrent audit work for its 51 Branches. Last Date : Dec 15, 2015 Address: Central Madhya Pradesh Gramin Bank, Head Office:800/19,South Civil Lines CHHINDWARA(M.P.)480001 Download File for Full Details
What is Swachh Bharat Cess ? It is a Cess which shall be levied and collected in accordance with the provisions of Chapter VI of the Finance Act, 2015,called Swachh Bharat Cess, as service tax on all the taxable services at the rate of 0.5% of the value of taxable service.
As per Oxford Advanced Learner’s Dictionary, Promoter means a person or company that organizes or provides money for performance or an event. Promoter is a person (natural or artificial) who tries to persuade others about the value or importance of something. From legal definition, Promoter is a person or company that finances or organizes or involved in setting up and funding a new company.
A Common businessman always has some kind of dilemma with regard to the VAT TIN and CST TIN which are sometimes referred to as GST in common parlance also. The questions related to VAT TIN and CST TIN registration in Gujarat include: What is VAT and CST, When to register, How to register, Where to register and What is the process of registration etc. This article outlines some common questions of a common man while opting for VAT TIN and CST TIN registration.
It seems to us that it would be an incorrect approach to start this process by considering the re-appointment or renewal of existing Government Counsels since that would dilute, nay, dissolve the discretion of the Government to appoint advocates whom they find trustworthy.
Trust formed for charitable or religious purposes which are not intended to do commercial activities are allowed various benefits under the Income-Tax Act, inter-alia, exemption under section 11. The term religious purpose is not defined under the Income-Tax Act. However, Section 2(15) of the Act defines charitable purpose to include relief of the poor, education, medical relief, preservation of environment (including watersheds, forests and wildlife) and preservation of monuments or places or objects of artistic or historic interest, and the advancement of any other object of general public utility.
The Central Bureau of Investigation has arrested a Joint Commissioner of Income Tax, Piramal Chambers, Mumbai for demanding & accepting a bribe of Rs. 5 lakhs from the Complainant. According to reports the public service official is identified as M Jhagran who was holding the highest public service office since last couple of years.
The comptroller and auditor general of India office have recently invited applications from the Chartered accountants Firms/ LLP for the year 2015-16. The online application format shall be available from 1st January 2016 to 15th February 2016; the firms/LLPs can apply/update the data showing the status of their firms as on 1st January 2016.
Everybody is aware that, the IT Act, taxes the income under various heads. There are specific provisions pertaining to each head. The provisions of each such head function under the scope defined in section 5 read with section 9. One will be aware that, there are various concepts which act as a slide on the IT Act. It means though there is no specific mention of the same in the IT Act but still those exist and are enforceable.
