Follow Us:

Facts recorded by ITAT cannot be contradicted by affidavit or otherwise

January 25, 2017 793 Views 1 comment Print

It is settled position in law that statement of fact recorded in the order of the Court/Tribunal has to be accepted as correct and conclusive. It cannot be contradicted by affidavit or otherwise

Mere Entries in loose papers/ sheets are inadmissible as evidence: SC

January 25, 2017 7966 Views 0 comment Print

We have heard learned counsel for the parties at length, as to Interlocutory Application Nos. 3 and 4 of 2017 filed in Writ Petition(Civil) No.505 of 2015.

Employees’ Provident Funds (Second Amendment) Scheme, 2017

January 24, 2017 1503 Views 0 comment Print

G.S.R. 67(E).—In exercise of powers conferred by section 5, read with sub-section 1 of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following scheme further to amend the Employees’ Provident Funds Scheme, 1952

Service Tax amendments on Hotel Aggregators

January 24, 2017 8889 Views 2 comments Print

The Hotel aggregators such as OYO Rooms, Make my trip etc. who arranges stay for us are cruelty come under the ambit of service tax. These aggregators are liable to pay service tax on the entire accommodation. The service tax law defines the aggregator as a person who owns and manages an application

CBDT rectifies mistakes in Circular related to TDS on Salary

January 24, 2017 2418 Views 0 comment Print

Corrigendum to Circular No. 1/2017 dated 02.01.2017 on TDS under section 192 of Income-tax Act, 1961. In para 3.6.1 in clause (a) below the table at page 4 of the captioned Circular, the words -3 years appearing in line 1 may be read as 5 years.

Will Budget 2017 prove its Kaabiliyat??

January 24, 2017 3075 Views 3 comments Print

This year the story is different. Modi army is in mood to break all the traditions. There wont be a separate railway budget. In fact, it will be merged with Jaitley’s budget, ending a 92-year-old practice of a separate budget for the country’s largest transporter.

Reg. Transfer of unlisted shares by SEBI Category I & II Alternative Investment Funds

January 24, 2017 1438 Views 0 comment Print

Vide order dated 02.05.2016 in F.No.225/12/2016/ITA.II, the Central Board of Direct Taxes (the Board) had clarified the position regarding tax treatment of income arising from transfer of unlisted shares. It was communicated that income from such a transfer would be taxable as Capital Gains

Exit Order in Respect of Delhi Stock Exchange Llimited (DSE)

January 24, 2017 1324 Views 0 comment Print

Whole Time Member, SEBI, has passed an Order on January 23, 2017 providing exit to Delhi Stock Exchange Limited (DSE). DSE is eighteenth Stock Exchange to exit under this policy.

Principles for determination of Place of Effective Management (POEM) of a Company

January 24, 2017 25468 Views 0 comment Print

Section 6(3) of the Income-tax Act, 1961 (the Act), prior to its amendment by the Finance Act, 2015, provided that a company is said to be resident in India in any previous year, if it is an Indian company or if during that year, the control and management of its affairs is situated wholly in India.

FRBM Committee presents its Report to Union FM Shri Arun Jaitley

January 24, 2017 1657 Views 0 comment Print

The Fiscal Responsibility and Budget Management (FRBM) Committee headed by Shri N.K. Singh presents its Report to the Union Finance Minister Shri Arun Jaitley today.

Search Post by Date
May 2026
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031