"10 April 2018" Archive - Page 3

Mere change of head of income not amounts to furnishing of inaccurate particulars of income

Dy. CIT Vs. ACEE Enterprises (ITAT Delhi)

Where AO had imposed penalty under section 271(1)(c) on account of change of head of income in assessment, it was held that mere making a claim which was not acceptable to revenue, could not tantamount to furnishing of inaccurate particulars of income to attract penalty proceedings....

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ITAT Lays down guidelines for Tax on Royalty payments to Non-residents

DDIT Vs. Reliance Communication Ltd. (RM) (ITAT Mumbai)

In the case of Reliance Communications Ltd, Mumbai bench of Income Tax Appellate Tribunal (ITAT) laid down certain guidelines for taxation of royalty payments to non-residents and held that payment for acquiring the copy of the software for the copyrighted article cannot be considered as royalty. ...

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Note on problems faced by Gujarat based exporters in IGST Refund Application

F.No. VIII/48-04/System/CCO/Misc/17-18 (10/04/2018)

Many doubts have been raised by the field formations as there is no clarity as to how the said procedure is to be dealt with. Therefore, the undersigned has discussed the issue with the Joint Secretary (Customs) and it has been informed that the exporters based in Gujarat only can approach the CGST officers deputed at Customs locations/Cu...

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Three Years Income Tax Calculator with Agriculture Income ( FY 2016-17, FY 2017-18, FY 2018-19)

Automatic Income Tax Calculator in excel format with Agriculture Income for FY 2016-17, 2017-18 and 2018-19 (Fill Yellow Cell only)...

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Posted Under: Income Tax |

Privacy, data leak, data trail, strategic issues to need RBI focus on crypto currency: ASSOCHAM

Describing the RBI move to explore and examine introduction of official virtual currency in the country, the ASSOCHAM has, however, cautioned that extreme care be taken to ensure safety of the data trail that the crypto currency can leave as it changes hands through a range of electronic devices and platforms....

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Posted Under: Income Tax |

e-Way Bill applicable for Intra-State movement of goods in 5 states wef 15.04.2018

Roll-out of e-Way Bill system for Intra-State movement of goods in the States of Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh from 15th April, 2018....

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Posted Under: Income Tax |

Seeks to maintain effective rate of BCD on Whey at 30%

Notification No. 44/2018-Customs [G.S.R. 358 (E)] (10/04/2018)

Seeks to amend notification No. 50/2017 Customs dated 30.06.2017 so as to maintain effective rate of BCD on Whey, concentrated, evaporated or condensed, liquid or semi-solid (0404 10 10) and Other Whey (0404 90 00) at 30%....

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CBEC increases BCD on Whey and modified Whey

Notification No. 43/2018–Customs [G.S.R. 357 (E)] (10/03/2018)

Seeks to increase tariff rate of basic customs duty (BCD) on tariff items covered under tariff sub head 0404 10 ie. Whey and modified Whey, whether or not concentrated or containing added sugar or other sweetening matter, and under tariff item 0404 90 00 ie. Other Whey from present 30% to 40% by invoking section 8A (1) of the Customs Tari...

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SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2018

Notification No. SEBI/LAD-NRO/GN/2018/06 (10/04/2018)

1. These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2018. 2. They shall come into force on the date of their publication in the Official Gazette....

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SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2018

Notification No. SEBI/LAD-NRO/GN/2018/07 (10/04/2018)

1. These regulations may be called the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2018. 2. They shall come into force on the date of their publication in the Official Gazette....

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