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TAXATION

Landmark Service Tax Judgement:

Landmark Service Tax Judgement: In a ruling in favor of the construction industry, a two-judge bench of the Supreme Court, held that service tax cannot

No detention of goods during transportation or storage while in transit, merely on the ground of violation of procedural compliances under GST

In the latest judgment of “Indus Towers Limited Vs The Assistant State Tax Officer(2018)90 Taxmanncom 417(Kerala)”, the Kerala High Court held that the power of

Section 80JJAA: Deduction in respect of employment of new employees

Section 80JJAA: Deduction in respect of employment of new employees (1) Where the gross total income of an assessee to whom section 44AB applies, includes

GST Council’s meeting outcome:-

GST Council’s meeting outcome:- > GSTR-3B to continue till Jun’18; > GST Implementation Committee being tasked to redress the grievances caused to the taxpayers due

No need to prove occasion for receiving gift from relative

No need to prove occasion for receiving gift from relative HC deleted Sec 68 additions- Unexplained credit addition under section 68 with respect to gift

TDS on transmission

TDS on transmission Wheeling Charges, Open Access Charges or Transmission Charges by whatever name it may be called, Income Tax Authorities have tried to cover

Welcome Clarification on Job Work

Welcome Clarification on Job Work Clarification on issues related to Job Work The Central Government vide Circular No38/12/2018 – Central Tax dated 26th March, 2018

Turnover Limit for Income Tax Audit

Turnover Limit for Income Tax Audit Category of Taxpayer FY 2016-17 Onwards Business (Not opting 44AD 1 crores Professionals(Not opting 44ADA 50 Lakhs Business opting

Useful for AY 2018-19

Useful for AY 2018-19 1 Limit for payment of expenses by cash (Both capital and revenue expenditure) reduced from RS 20,000 to RS 10,000 per

Intra state Eway Bill

GST: After Karnataka, Intra-state e-way Bill for ->AP, ->Gujarat, ->Kerala, ->Telangana and ->UP wef 15418 (Sun) Press Release MOF of 10418 E-Way Bill system for

LEGAL & OTHERS

LIMITS BASED PROVISIONS WITH CONSEQUENCES ON NON-COMPLIANCE UNDER COMPANIES ACT, 2013

LIMITS BASED PROVISIONS WITH CONSEQUENCES ON NON-COMPLIANCE UNDER COMPANIES ACT, 2013 Sl No Particulars Relevant Sec(s) Rule(s) Rule No Class of Companies Exemption/  Non Applicability