"February, 2016" Archive - Page 20

Delhi VAT: DVAT Registration Online Process In 2016

Good News for all those who want to trade online on Webportals like Flipkart, Snapdeal or Amazon then you should have a Delhi VAT registration Number (TIN Number) and those who want to start their small medium Businesses. As The Department of Trade and Taxes has made certain relaxations in its rules of granting Registration like No Surety...

Read More

Start up India- एक शुरुआत!

Startup India is an action plan to develop an ecosystem to promote and nurture entrepreneurship across the country. This is aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage startups with jobs creation. The launch of Start Up India plan has generated huge enthusiasm among young entrepreneurs....

Read More

SEIS: Are You Ready To Apply from April 1, 2016

The Service Exports from India Scheme (‘SEIS’) was introduced last year under the new Foreign Trade Policy 2015-2020 (‘the FTP’) to encourage export of services from India. The new SEIS policy initiative is a much better policy initiative than the erstwhile Served From India Scheme (‘SFIS’) that had its own limitations in term...

Read More

Issue of Tax free Bond by NHAI & NABARD in FY 2015-16

Notification No. 6/2016-Income Tax 18/02/2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 6/2016 New Delhi, Dated: 18th February, 2016 S.O. 520(E).-In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following a...

Read More

Brokerage not deductible in computing Income from house property

Radiant Premises Pvt. Ltd Vs ACIT (ITAT Mumbai)

The brokerage paid to the third party has nothing to do with the rental income paid by the tenant for enjoying the property to the owner therefore brokerage cannot be said to be a charge that has been created in the property for enjoying the rights and at best it is only an application of income received/receivable from rent...

Read More

Service tax Refund on expenses incurred beyond factory gate

One way of reducing burden of tax on export has been to grant refund of service tax under Notification No. 41/2012-ST on services used in relation to export of goods outside India. The refund was allowed in relation to taxable services used beyond the place of removal for export of goods. The intention was to grant refund of tax paid on s...

Read More

Cenvat of goods/ service used in construction of rented property allowed

Nirlon Ltd. Vs Commissioner of Central Excise (CESTAT Mumbai)

In the case of Nirlon Ltd. Vs. Commissioner of Central Excise,Mumbai, it was held that CENVAT credit of goods and services used to build an immovable property can be availed when such property has been given on rent and service tax liability is discharged on such rent received....

Read More

Mere order of ‘acquittal’ in order sheet is not judgment

Smt. Kiran Singh Vs State Of Chhattisgarh (Chhattisgarh High Court)

Petitioners would assail the common order dated 07.03.2008 passed by the High Court of Chhattisgarh through its Registrar General transferring ST No. 148/99 (State v. Smt. Kiran Singh and Others) and ST No. 71/95 (sic 71/99) (State v. T.P. Ratre) along with one civil suit and two civil appeals from the Court of Shri L.R. Thakur, Second Ad...

Read More

Selection on the post of District Judge (Entry Level) has to be made in accordance with the Chhattisgarh Higher Judicial Service (Recruitment and Conditions of Service) Rules, 2006.

Noshad Mohd. Vs The High Court of Chhattisgarh (Chhattisgarh High Court)

Excellent question that emanates for consideration is, where recommendations made by Justice Shetty Commission and statutory Recruitment Rules namely the Chhattisgarh Higher Judicial Service (Recruitment and Conditions of Service) Rules, 2006, are at variance; which has to be followed in making selection and appointment for the post of Di...

Read More

CS in job should not be allowed to certify annual returns: ICSI

ICSI submissions with reference to the recommendation that Company Secretaries in employment should be allowed to certify annual return is that the Annual Return must be certified independently by a Company Secretary in Practice only and not by the same person who has made the Annual Return himself....

Read More