Day: December 22, 2017
35 articlesIncome Tax

Income Tax
Right to Receive Interest without reasonable certainty of Realization cannot be taxed
Income Tax

Income Tax
Provisions of section 14A cannot be invoked if there is no exempt income
Income Tax

Income Tax
Remuneration mutually agreed between partners is allowable if partnership deed permits the same subject to limit u/s 40(b)
Excise Duty

Excise Duty
No Section 14A Disallowance if investments are business expediency & strategic investments
Income Tax

Income Tax
Surcharge amp; cess not to be included to compute Tax Effect
Goods and Services Tax

Goods and Services Tax
MGST: Grant of refunds in cases of security deposit paid in excess
Income Tax

Income Tax
Provision of law overlooked during original assessment – Reassessment Notice beyond four years is not valid
Custom Duty

Custom Duty
Circular No. 52/2017-Customs (Updated upto 17.09.2018)
Goods and Services Tax

Goods and Services Tax
Application to revise return to cure Genuine Accounting Mistake can be made within Permitted Time
Service Tax

Service Tax
No service tax on screening films in multiplex on Revenue Sharing basis
Custom Duty

Custom Duty
Notification No. 95/2017-Customs, Dated: 22.12.2017
Custom Duty

Custom Duty
Notification No. 94/2017–Customs, Dated: 22.12.2017
Income Tax

Income Tax
Sec. 10(46) CBDT notifies ‘Himachal Pradesh Computerization of Police Society’
Income Tax

Income Tax
