Circular No.172/7/2013 – ST The following representations have been received seeking clarifications regarding the levy of service tax on certain services relating to the education sector: Private Schools Correspondents Confederation, Madurai. Tamil Nadu Nursery, Primary, matriculation and Higher Secondary Schools Association, Chennai. Punjab Association, Chennai.
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.95/2013-CUSTOMS (N.T.), dated the
Chief Commissioners of Central Excise and Customs Directed to take stock of all Pending Registration Applications for Service Tax and Ensure their Clearance by 23rd September, 2013 All the Chief Commissioners of Central Excise and Customs and Director Generals Service Tax/Systems of Central Board of Excise and Customs (CBEC) have been asked to take stock […]
In our considerate view, Section 147 and 148 are charter to the Revenue to reopen earlier assessments and are, therefore protected by safeguards against unnecessary harassment of the assessee. They are sword for the Revenue and shield for the assessee.
Safe Harbour Rules Finalized after Considering Comments of Various Stake Holders ; Rules to be Applicable for 5 Assessment Years Beginning from Assessment Year 2013-14 Section 92CB of the Income-tax Act provides for framing of safe harbour rules. The determination of arms length price u/s 92C or 92CA of the Act is subject to these […]
Export of all varieties of onions as described above will be subject to a Minimum Export Price (MEP) of USD 900 per MT.
The Reserve Bank of India has been conducting survey on Computer Software and Information Technology Enabled Services Exports annually since 2002-03.The survey results are used for compilation of balance of payments (BoP) statistics. The 7th round of the Survey with 2012-13 as the reference period has been launched. The survey collects data on various aspects […]
An Agreement and Agreed Note Signed Between India and Latvia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income (DTAA) The Government of India today signed an Agreement and the Agreed Note for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect […]
Notification No. 69/2013 – Income Tax – DATED 18-9-2013 – In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Rajasthan Electricity Regulatory Commission, a Commission established by the Government of Rajasthan, in respect of the following specified income arising to that Commission, namely :-
Notification No. 72/2013 – Income Tax – DATED 18-9-2013 Central Board of Direct Taxes hereby authorises the Assessing Officer having jurisdiction in respect of the assessee for the purposes of the Income-tax Act, 1961, to exercise or perform all or any of the powers and functions conferred on, or, assigned to an Assessing Officer for the purpose of Chapter VII of Finance Act, 2013.
