DCIT Vs. M/s. Chadha Builders & Properties (ITAT Delhi) Service Tax is not an allowable deduction from Income from house property. But it is true that the assessee has paid Service Tax & it was not recovered from tenants and it has also filed the return of service tax. Service tax has been paid into […]
The Income Tax Appellate Tribunal, Visakhapatnam, recently ruled that advances given to the directors of a Company for purchase of land cannot be treated as deemed dividend Under section 2(22)(e) of the Income Tax Act, 1961 since the land is transferred to the company within time.
We are suggesting that GST IT system does not accept returns promptly. It takes at least 2 – 3 hours to accept a single return. In certain cases, returns have not been accepted even after 2 days. Due to problems faced by taxpayers last date for filing of all Forms/Returns should be extended till the time IT related issues have been sorted out.
The results of Grant Thornton’s International Business Report (IBR), a quarterly global business survey, reveal that business optimism in India has slipped from 2nd position in the last quarter to 6th position in the 3rd quarter of 2017.
Jaycees Public School Vs. ITO (ITAT Delhi) We do not find that assessee is not engaged in the educational activities as merely charging of the fees does not make it existing for the purposes of the profit.
Much awaited Executive Regulations approved by the UAE Cabinet. These are in Draft mode and once signed by the HH President of the UAE will take final shape. These rules and regulations will help in smooth implementation and compliance of the UAE VAT Law. Draft executive regulations can be downloaded from the article. #VATinUAE #TaxinUAE […]
Assessee has contended that the impugned property had been transferred to her daughter as a gift and therefore charging Long Term Capital Gains applying provisions of Section 50C is bad in law. In its written submission on behalf of the assessee, the learned Authorised Representative of the assessee has contended that the intention of the […]
It is informed that only the health certificate issued on-line by the State Veterinary Authorities will be accepted for allowing export of meat and meat products and that Health Certificate issued manually shall not be accepted. The QR Code may be verified for the authenticity of the documents.
Detailed investigations carried out by the assessing officer establish the position that the contributors to share capital were persons of insignificant means and their credit worthiness to have made the contributions has not been established.
Rate of exchange of conversion of ‘Qatari Riyal’ wef 09.11.2017 (For Imported Goods) Rs. 18.35 and For Export Goods Rs. 17.35. Notification No. 106/2017 – Customs (N.T.)
