Since the definition given in Article 12(4) of the DTAA does not contain any consideration for the use or right to use in ‘computer programme’ or ‘software’, the same cannot be imported into it.
The government needs to continuously invest in improving the ease of doing business environment, develop sound infrastructure, and ensure availability of trained workforce as India is set on a growth trajectory that promises all-round development, economic welfare and strong macro-economic indicators, noted a recent ASSOCHAM-EY report.
Where no possession had been given by the transferor to the transferee of the entire land in part performance of JDA so as to fall within the domain of section 53A and in absence of registration of JDA, although executed afterwards, the agreement did not fall under section 53A and consequently section 2(47)(v) did not apply and no further amount had been received and no action thereon had been taken, therefore, appeal of Revenue was dismissed.
CBDT itself has accepted the proposition that the share income from the firm received by the partners is exempt u/s 10(2A) of the Act and under no circumstances can be taxed in the hands of the partners.
During the month two notification(s) (one for private companies and the other for public companies) under section 462 of the Companies Act, 2013 [CA-13] have been issued providing for exceptions, modifications and adaptations from some of the provisions of the CA-13 for companies licensed to operate by the Reserve Bank of India or Securities and Exchange Board of India or Insurance Regulatory and Development Authority of India
This notification seeks to amend Category MS 007 in the Export Licensing Note of Table A of Schedule 2 of ITC(HS) Classification of Export and Import Items thereby excluding ‘Soft Skinned Vehicles’ from the purview of the list of Military Stores requiring NOC from Department of Defence Production for export purposes.
The approved organization shall, by the due date of furnishing the return of income under sub-section (I) of section 139, furnish a statement to the Commissioner of Income-tax or Director of Income-tax containing-
Seeks to levy definitive anti-dumping duty on Seamless tubes, pipes and hollow profiles of iron, alloy or non-alloysteel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm or 14″ OD originating in,or exported from the People’s Republic of China. GOVERNMENT […]
1. What is the expiry date of Priority Sector Lending Certificates (PSLC)? All PSLCs will be valid till March 31st and will expire on April 1st. 2. Whether PSLCs can be issued for a limited period i.e for one reporting quarter and multiples thereof? The duration of the PSLCs will depend on the date of issue with all PSLCs being valid till March 31st and expiring on April 1st.
CA Anuj Agrawal We all got to hear by now that some major companies in India including Tata Consultancy Services (TCS) are planning to buy back its shares in order to improve efficiencies into its earning per share. We will not discuss about the reasons and shortcoming of Buyback schemes which are normally being done […]
