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No Change in the rate of Personal Income-Tax and the rate of tax for Companies on Income in Financial Year 2015-16

  On 02 March 2015 at 10:42

Surcharge @12% Levied on Individuals, HUFs, AOPs, BOIs, Artificial Juridical Persons, Firms, Cooperative Societies and Local Authorities Having Income Exceeding Rs 1 Crore The Union Finance Minister Shri Arun Jaitley in his Budget Speech in Lok S ...

  0 comments |   1569 hits


Creation of two additional benches of the Authority for Advance Rulings (Income Tax)

  On 26 February 2015 at 11:31

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has given its approval to the following:- i. Creation of two additional benches of the Authority for Advance Rulings (Income Tax), one in New Delhi and one new bench in Mumbai; ...

  0 comments |   784 hits


I-T Department initiates investigation into issuance of cheques by companies to convert illegal cash into legitimate money.

  On 12 February 2015 at 11:40

Income Tax Department, Ministry of Finance, Government of India had initiated investigation into issuance of cheques by companies which are acting as entry operators to convert illegal cash into legitimate money. Recently in Kolkata, this investigat ...

  0 comments |   918 hits


Concealment Penalty Proceedings U/S 271(1)(C) of Income Tax Act 1961 initiated in 128 cases in which assessments were completed while in the...

  On 10 February 2015 at 11:10

remaining cases, Assessment Proceedings are at advance stage; Information About Hsbc Foreign Bank Accounts was Received from the French Authorities in Respect Of 628 Indian Persons/Entities; Necessary Investigation as Per The Provisions of Law Wil ...

  0 comments |   864 hits


Acceptance of the Order of the High Court of Bombay in the case of Vodafone India Services Private Limited

  On 30 January 2015 at 16:31

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, in a major decision, has decided to accept the order of the High Court of Bombay in the case of Vodafone India Services Private Limited (VISPL) dated 10.10.2014. This is a major co ...

  0 comments |   1189 hits


Due Date for Filing Service Tax Return (ST3) Extended to 25th December, 2011

  On 21 October 2011 at 18:29

F. No. 137/99/2011 – Service Tax, New Delhi dated the 20th October 2011 ORDER NO. 1 /2011 – Service Tax In exercise of the powers conferred by Rule 7(4) of the Service Tax Rules 1994 read with notification No. 48/2011-Servi ...

  0 comments |   11282 hits


Delhi High Court overrules its earlier decision on Service Tax on Renting

  On 24 September 2011 at 19:31

A full bench of Delhi High Court has overruled its earlier decision on constitutional vires of levy of service tax on Renting of Immovable Property Services. Vide order dated 23-9-2011 delivered in the case of Home Retail Soulutions, the court ha ...


Instruction Regarding Standard Operating Procedure on Filing of Appeals to ITAT Under Section 253 and Related Matters

  On 16 August 2011 at 14:33

INSTRUCTIONS REGARDING STANDARD OPERATING PROCEDURE ON FILING OF APPEALS TO ITAT UNDER SECTION 253 AND RELATED MATTERS INSTRUCTION NO. 08/2011 [F NO. 279/MISC./M- 43/2011-ITJ], DATED 11-8-2011 With a view to streamline the process of ...

6  comments |   4619 hits


Maharashtra Sales Tax Department raids 37 companies in Mumbai

  On 05 July 2011 at 09:59

Maharashtra Sales Tax Department has conducted raids on 37 companies in Mumbai and unearthed Hawala transaction worth 6,500 crore rupees. A team of sales tax officials conducted raids at 12 places across the city yesterday. The Sales Tax Depart ...

1  comments |   7496 hits


Laws to curb generation of black-money, its illegal transfer abroad and recovery

  On 24 June 2011 at 10:33

OFFICE MEMORANDUM [NO. 291/15/2011-IT (INV.I)] DATED 27-5-2011 It has been decided with the approval of competent authority to constitute a Committee to examine ways to strengthen laws to curb the generation of black-money in India, its ille ...

3  comments |   4624 hits










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