Sponsored
    Follow Us:

Salary of NRI seafarer not taxable in India for Service rendered outside India

August 9, 2017 4338 Views 0 comment Print

Arnab Bose Vs DCIT (ITAT Kolkata) In the instant case, the employer has directly credited the salary, for services rendered outside India, into the NRE bank account of the seafarer in India. In our considered opinion, the aforesaid Circular is vague in as much as it does not specify as to whether the Circular covers […]

Adjudicating authority obliged to examine stand of alleged Benamindar: HC

August 3, 2017 1650 Views 0 comment Print

Kailash Assudani Vs CIT (Madhya Pradesh High court) A plain reading of Sub-section (3) of Section 26 of Prohibition of Benami Property Transaction Act, 1988 makes it clear that the adjudicating authority is obliged to examine the stand of alleged Benamindar in reply to the show cause notice. He is further obliged to make further […]

Income of NRI not taxable merely for receipt in NRE account

July 13, 2017 8961 Views 0 comment Print

Income of the assessee constituted earning outside India while the assessee was an NRI and mere receipt of the said sum in the assessee’s NRE account would not subject it to tax under the 1961 Act.

Employee Provident Fund – FAQs

March 31, 2017 6411 Views 0 comment Print

Q.1 Whether an employer can deduct employer’s share of contribution from the wages of employees? Ans : No. It is not permissible. Any such deduction is a criminal offence. Q.2 – Can the wages be reduced by the employer on account of payment to the EPF? Ans : No. It is specifically barred under section-12 […]

Asian Clearing Union- FAQs

March 27, 2017 723 Views 0 comment Print

The Asian Clearing Union (ACU) was established with its head-quarters at Tehran, Iran, on December 9, 1974 at the initiative of the United Nations Economic and Social Commission for Asia and Pacific (ESCAP), for promoting regional co-operation.

No Service Tax on supply of subsidized food to workers by employer

March 23, 2017 2883 Views 0 comment Print

Bhimas Hotels Pvt. Ltd. Vs. Union of India (Andhra Pradesh High Court) any supply of subsidized food to the workers by the management of a Company, has to be seen as part of the pay package that the workers have negotiated with the employer. Under the Factories Act, 1948 and even under the Industrial Disputes […]

Unregistered JDA not falls under section 53A & consequently section 2(47)(v) not apply

February 17, 2017 2631 Views 0 comment Print

Where no possession had been given by the transferor to the transferee of the entire land in part performance of JDA so as to fall within the domain of section 53A and in absence of registration of JDA, although executed afterwards, the agreement did not fall under section 53A and consequently section 2(47)(v) did not apply and no further amount had been received and no action thereon had been taken, therefore, appeal of Revenue was dismissed.

Service Tax not payable on Naturopathy treatment

February 7, 2017 1287 Views 0 comment Print

Manthena Satyanarana Raju Charitable Trust Vs Union of India (Telangana High Court) petitioner was providing various services, such as, steam bath, sauna/infrared bath, foot and arm bath, whirlpool bath, circular jet, full emersion bath, spinal spray, spinal bath, hip bath, hydro deluxe bath, jacuzi, mud bath, neem paste bath, plant leaf bath, sand bath, massage, […]

Exchange Rate value of INR against USD dollar – 1945-1971

September 15, 2016 9207 Views 0 comment Print

Que – Please provide the details of Exchange Rate value of INR against USD dollar from the year 1947 till date. Ans – Information regarding USD-INR rates for the period 1945-46 – 1970-71 is available at the following link: Exchange Rate – 1945-1971 2. Information regarding USD-INR rate for the period 1970-71 to 2013-14 is available on: http://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications-> […]

Arrest of MakeMyTrip officials was illegal and unconstitutional: HC

September 1, 2016 6405 Views 0 comment Print

Makemytrip (India) Pvt Ltd. Vs Union of India & Ors. (Delhi High Court) (i) The scheme of the provisions of the Finance Act 1994 (FA), do not permit the DGCEI or for that matter the Service Tax Department (ST Department) to by-pass the procedure as set out in Section 73A (3) and (4) of the […]

Sponsored
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728