"23 January 2017" Archive

CBDT further clarifies on filing of SLPs / appeals

Circular No. 05/2017-Income Tax (23/01/2017)

Instructions were issued vide CBDT Circular No. 21/2015 dated 10.12.2015, to the effect that appeals/SLPs should not be filed in cases where tax effect does not exceed the monetary limits specified under para 3 of the said Circular. ...

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40 CBEC Officers selected for Grant of Presidential Award

Notification No. 06/2017-Custom (N.T.) (24/01/2017)

40 Officers of the Customs & Central Excise selected for Grant of Presidential Award of Appreciation Certificate for Specially distinguished Record of Service. ...

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Definition of Turnover in a State and Zero rated supply under revised model GST Law

Taking further to our discussion, we are continuing our discussion the definitions given under Section 2 of revised GST law and comparing the same with old model GST law to know the changes made in revised law...

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Posted Under: Income Tax |

Positions for B.Com, Post Graduates in Commerce and Semi Qualified CAs

The candidate will be responsible for (i) Handing Statutory Audit/Tax Audit/Internal Audits and coordination with Auditors. (ii) Income Tax/Service Tax/Sales Tax/RoC Compliances (iii) Finalization of accounts Functional Area: Accounts, Finance, Tax, Company Law, Audit Role Category: Accounts Desired Candidate Profile Education- UG: B.Com ...

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Posted Under: Income Tax |

Exposure Draft New Syllabus (2017) CS Foundation Programme

The revision of syllabus is a continuous process towards capacity building, knowledge grinding and skills development of the students. The evolving corporate (paradigm and regulatory consequent reforms) and the advancement in technology necessitated the revision of syllabus to make it contemporary. ...

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Posted Under: Income Tax |

Analysis of Recent Service Tax Notification No. 03/2017-ST and 04/2017-ST

CBEC have issued notification No. 03/2017-ST and 04/2017-ST on 12th January, 2017. We have analysed changes/ amendments made through said notifications in this alert....

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Posted Under: Income Tax |

Biggest reform under GST – Taxable event

Taxable event in the GST would be SUPPLY of goods and/or service which we are going to witness will not only reform the whole of indirect taxes but also will reform the way of doing business in India....

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Posted Under: Income Tax |

Unsigned & Undated Paper cannot be considered without corroborative evidence

Samta Khinda Vs. ACIT (ITAT Delhi)

Unsigned And Undated Paper Found During The Search With No Corroborative Evidence. Not Recording Of The Satisfaction By AO: Whether Additions To The Income Can Be Made?...

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Service tax liability on liquor license fee paid to state governments

One of recent trends has been enquiries and letters by service tax department to all restaurants/bars/wine shops demanding payment of service tax on liquor license fee paid to state government. ...

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Posted Under: Income Tax |

Latest FAQs on Goods & Services Tax (GST)

GST is not coming on 1st April 2017 and now lawmakers have given new date 1st July 2017. You mean to say that they will give a new date 1st Sept. 2017 and then have a situation in which again they will postpone it....

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Posted Under: Income Tax |