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Taxation News


Section 35 (5) Omitted

   05 February 2021 at 09:58

OVERVIEWNirmala Sitharaman, finance minister introduced the Financial Bill, 2021 in which it has been proposed that certain amendments will be made in the CGST Act and IGST Act, 2017.GST audit has been abolished which was under sub-section (5) of Sec ..

Posted in Taxation |   90 Views


Recommendations of GST council related to Law & Procedure

   13 June 2020 at 10:51

The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affa ..

Posted in Taxation |   173 Views


ITAT for the first time, holds hearing through video conferencing

   25 April 2020 at 10:55

A division bench of the Income Tax Appellate Tribunal (ITAT), led by the Tribunal’s President Justice P.P. Bhatt, has, through web based video conferencing platform, heard and disposed of an urgent stay petition today. This is a first in the 79 ..

Posted in Taxation |   97 Views


ITAT holds All India Video Conference on 'The Direct Tax Vivad Se Vishwas Act, 2020'

   07 April 2020 at 10:58

ITAT President Justice P.P. Bhatt encourages stakeholders to avail the Scheme so as reduce pending tax litigationGovernment open to suggestions for better implementation of the scheme and propose amendments to the Bill, says Mr. P.C. Mody, Chairman, ..

Posted in Taxation |   101 Views


In wake of lockdown following COVID-19 pandemic, ITAT begins regular interactive sessions

   04 April 2020 at 10:35

The Income Tax Appellate Tribunal (ITAT) has commenced today a series of Video Conferences involving regular interactive sessions to productively utilise the time available during the 21-day lockdown to tackle the COVID-19 pandemic. ITAT President, M ..

Posted in Taxation |   53 Views


Cabinet approves CGST (Amendment) Bill, 2017

   20 July 2017 at 10:23

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the ..

Posted in Taxation |   248 Views


Cabinet approves IGST (Amendment) Bill, 2017

   20 July 2017 at 10:23

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Integrated Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by t ..

Posted in Taxation |   205 Views


IT Department Steps-up actions under Benami Transactions (Prohibition) Amendment Act, 2016

   26 May 2017 at 12:46

The Income-tax Department (ITD) has initiated actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 (the Act) w.e.f. 1st November 2016. The Prohibition of Benami Property Transactions Rules, 2016 have been framed in this regard. ..

Posted in Taxation |   417 Views


Shri Bandaru Dattatraya calling on Shri Arun Jaitley to discuss issues relating to Demonetization

   09 December 2016 at 12:37

The Minister of State (IC) for Labour & Employment Shri Bandaru Dattatreya met the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley and discussed the issues relating to demonetization and gave suggestions keeping in view the w ..

Posted in Taxation  2 comments |   128 Views


Govt. clarifies that the newly proposed bill has not introduced any new provision regarding chargeability of tax on jewellery

   02 December 2016 at 10:19

Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired-out of disclosed sources or exempted income shall become taxable under the proposed Taxation Laws (Second Amendment) Bill, 2016, i ..

Posted in Taxation |   133 Views