Gain arising on transfer of ESOP options should be taxed as long term capital gains where the holding period was more than 3 years as assessee acquired a valuable and transferable right and the right of share constituted capital assets from the date of grant.
MINISTRY OF FINANCE (Department Of Revenue) (OFFICE OF THE PRINCIPAL COMMISSIONER OF CUSTOMS) NOTIFICATION No. 01/2019 (CUSTOMS) (NT)(VSP) Vishakhapatnam, the 19th February, 2019 Sub—Declaration of Green Channel Berth of Visakhapatnam Port Trust as Customs Area—regarding. S.O. 1021(E).—In exercise of powers conferred under sub-section (b) of Section 8 of the Customs Act, 1962 (52 of 1962), […]
The next practical training assessment test is being scheduled on March 10, 2018. The students who have completed their 1st/ 2nd year of practical training during the second/ third/ fourth quarter of 2018, i.e. April-June, 2018, July-September, 2018 and October-December, 2018 are eligible to appear in this test.
CESTAT Chennai has held that commission received/paid for issuance of corporate guarantee to associate/subsidiary companies is not exigible to service tax under Section 65(12)(a)(ix) of Finance Act, 1994.
Input tax paid by a vehicle dealer on the purchase of motor car used for demonstration purpose of the customer can be availed as input tax credit on capital goods and set off against output tax payable under GST.
Key highlights of the Circulars issued by GST Policy Wing, CBIC on 18th February 2019 : The GST Policy wing of CBIC has issued 3 circulars today clarifying 3 issues – 1. Requirement of disclosing details of Inter-State Supplies made to Unregistered Persons in return GSTR 3B and GSTR 1 2. Disclosing Place of Supply […]
