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Archive: 11 May 2017

Posts in 11 May 2017

Free Webinar: Analysis of 10 Recent Income Tax Judgments in Favour of Assessee

July 1, 2024 2472 Views 0 comment Print

Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.

Quoting of Aadhaar on PAN Application / ITR not apply to individual who does not possess Aadhaar number

May 11, 2017 38379 Views 5 comments Print

Provisions of section 139AA shall not apply to an individual who does not possess the Aadhaar number or the Enrolment ID and is:-(i) residing in the States of Assam, Jammu and Kashmir and Meghalaya; (ii) a non-resident as per the Income-tax Act, 1961; (iii) of the age of eighty years or more at any time during the previous year;

Triple Talaq: Constitutional Rights Can’t be Infringed: Allahabad HC

May 11, 2017 1923 Views 0 comment Print

Talaq by a Muslim husband to his wife cannot be made in a manner which may infringe her fundamental rights guaranteed under Article 14 and 21 of part III of the Constitution.

Loss on Foreign Cars Sale used in Business is ‘Business Loss

May 11, 2017 924 Views 0 comment Print

Loss suffered by the assessee on the sale of foreign is quantified at a figure of Rs. 51,6,108/-. The only question that remains is to determine the nature of loss. In view of the categoric finding of the Commissioner of Income Tax (Appeals) that has attained finality, to the effect that the foreign cars were utilised in the business of the assessee, the loss arising out of their sale would be liable to be categorised as a business loss.

Govt mandates Aadhaar for Atal Pension Yojana

May 11, 2017 792 Views 0 comment Print

An individual eligible for receiving the benefits under the Scheme of Atal Pension Yojana (APY) is hereby required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication.

GST: Place of Supply of Goods or Services Part – II

May 11, 2017 4947 Views 0 comment Print

Continuing with the discussion, today we shall discuss the changes made in the section 10. It is newly added clause in the draft GST law for determining place of supply of services where location of service provider or the location of service receiver is outside India.

ROC clarifies on acceptance of deposits without deposit insurance contract

May 11, 2017 4719 Views 0 comment Print

Provided that the companies may accept deposits without deposit insurance contract till the 31st March, 2018 or till the availability of deposit insurance product, whichever is earlier.

Jobwork under GST

May 11, 2017 43314 Views 14 comments Print

Job-work sector constitutes a significant industry in Indian economy. The manufacturing industries now-a-days stick to their core competencies and get most jobs done on outsourced basis. Here we are analyzing the position of Job Worker under GST regime.

ITAT Judgment on year of taxability in case of JDA

May 11, 2017 4653 Views 0 comment Print

These cross appeals by the Revenue and by the assessee are directed against the order of the Commissioner (Appeals)-4,Chenaai dated 8-2-2016.

Tax liability under Expenditure Tax on raising of a composite bill upon conclusion of hotel stay

May 11, 2017 1455 Views 0 comment Print

High Court held that under Expenditure Tax Act 1987 chargeable expenditure would be incurred only upon raising of a composite bill upon conclusion of hotel stay and not earlier.

Uploading of information of Import Advance List on JNCH DPD Portal

May 11, 2017 2880 Views 0 comment Print

Uploading of certain information of Import Advance List (IAL) by shipping lines on JNCH DPD Portal ( www.dpdjnch.com ) for the purpose of DPD Clients -Reg.

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