All Indian Taxes (AIT) Tax News
» Manufacturers required to file Annual Installed Capacity Statement» KPMG's Country Head Tax Sudhir Kapadia resigns-joins Ernst & Young» Penalty for concealment of income leviable if returned income is a loss» Service Tax Provisions do not permit levy of Double Penalty» Service Tax Return Form ST-3» Stocks hammered, Metals Butchered, Real Estate Slaughtered» “Flat Purchase Agreement” not subject to service tax: HC» Kutch, J & K and North-East Excise Notifications amended» Denial of excise exemption to Packing Material Makers is illegal» How DRI arrested Top Industrialist for smuggling at IGI Airport» Customs duty on all petro products lowered by 5 per cent» No TDS/TCS Certificates to be attached with Income Tax Returns» E-Payment of Income Tax can be made from account of any other person» Non-resident liable to tax on Payment for software, installation & testing» Goods imported by Sony cannot be treated as complete CTV Sets: SC» Service tax applicable on services provided by SEZ units:CBEC» Standardization & pasteurization of milk not entitled for 80-I/80HHA deduction» All Services by Transporters to be classified under GTA: CBEC» Joint Venture is taxable @ 41 per cent as Association of persons: Advance Ruling» Amount payable for transmission and bandwidth not fee for included services or royalty» Advertisement revenue received by SET Satellite not taxable in India» Large Format Printers to be classified under 84433250 as 'Ink Jet Printers'» Drawback Payment in Any Branch/Bank Account Anywhere in the Country» Value under Rule 8 would apply in non-sale transactions : Larger Bench» FDI Policy and Regulations applicable in various sectors» Finance Act 2008 enacted-Service Tax provisions to be in force» CST lowered to 2 per cent with effect from 1st June 2008» Advance Ruling on FBT modified by Supreme Court» No tax on the examination fees collected for non-resident» New Foreign Trade Policy 2008-09 » Union Budget 2008-2009» Amount payable for transmission and bandwidth not fee for included services or royalty» Advertisement revenue received by SET Satellite not taxable in India» Large Format Printers to be classified under 84433250 as 'Ink Jet Printers'» Drawback Payment in Any Branch/Bank Account Anywhere in the Country» Value under Rule 8 would apply in non-sale transactions : Larger Bench» Finance Act 2008 enacted-Service Tax provisions to be in force» CST lowered to 2 per cent with effect from 1st June 2008» Advance Ruling on FBT modified by Supreme Court» No tax on the examination fees collected for non-resident» Referral fee received by Cushman & Wakefield (S) Pte Ltd not taxable in India» Mandatory Compounded levy of Excise on Pan Masala and Gutkha notified» Circular on reversal of credit on exempted goods and services» Out of pocket expenses reimbursed not includable for Service Tax» Industry Associations face Service Tax Demands on Membership fees» Service Tax on Information Technology Software effective 16th May 2008» ITAT Member arrested by CBI while accepting bribe of Rs 30 Lakh only» 4 per cent Service Tax on Works Contract based on payment received» Procedure for claiming Refund of 4 per cent SAD on imports » Second list of Transfer of Commissioners of Customs Excise & Service Tax issued» Vice Chairman of Tax Tribunal to be sacked for corruption, Member resigns» Excise on luxury vehicles hiked, Export duty on Iron Ore hiked, pipes & tubes exempted» Income from professional services receipts liable to tax as business profits» Service Tax Demands of Rs 30,000 Crores to be issued to Builders» CBEC transfers several Deputy/Assistant Commissioners» The Uttar Pradesh Value Added Tax (Amendment) Ordinance, 2008» Kutch, J & K and North-East Excise changes challenged in HC» Extract of FMs Speech on Finance Bill 2008 in Lok Sabha» Real Estate Developer liable to Service Tax on Residential Construction» Construction after Sale of Plot in Complex liable to service tax » Service Tax Circular on Real Estate overruled by Authority » Service Tax Circular on Residential Construction has retrospective effect» CBN’s action on eve of International Day against Drug Abuse and Illicit Trafficking» Service Tax Demand of Rs. 129 Crore issued to Microsoft » Service Tax demand of Rs 29 Crore issued to KPMG Entities » Deloitte Tax Services wins Service Tax Appeal» An open letter on the suicidal attempt by the DR Appraisers in the SLP pending on seniority issue » Anti-dumping duty imposed on import of Diclofenac Sodium from China » Customs duty on import from Singapore lowered » Gutkha Makers not entitled to Section 80I/80IA Deduction » CCEA okays Policy for Information Technology Investment Regions » Packing Material Makers stop clearances after Excise controversy» Exporters allowed Refund of Commission Agents, CHA & Banking Services» Special Bench of ITAT Rules on 16 Important Tax issues» Honeymoon of manufacturers in J & K, Kutch & North-East is Over» Sixth Pay Commission submits its Report» Merger of LakshmiKumaran & Sridharan and Vaish Associates in offing» CBN eradicates 151 hectares of illicit opium poppy crop » CBDT Clarification on Amendment to Section 271 of Income Tax Act» Mandatory E-payment of Income Tax with effect from 1st April 2008» Service Tax and Central Excise duty for March to be paid by 31st March» Central Excise Officers in trouble for demanding bribe of Rs 50 Lakh» NPPA issues guidelines for price reduction after excise cut» Where to set up Hospitals & Hotels for Tax Holiday» FDI Policy for Industrial Parks, Commodity Exchanges, Air Transport, Petroleum & Natural Gas etc notified» Another IRS Officer clean bowled by CBI» Withhold 10 per cent tax on Software Maintenance Contract» NRO deposit is “foreign exchange asset” subject to TDS @20 per cent» 10 per cent tax on capital gains to Holdings Co on sale of shares» No Service Tax Credit on Outward Freight for manufacturers» CBN books several cases against drug mafia» Import of Crude Palm Oil exempted; Customs duty lowered on Refined Oil» Government bans export of all edible oils for one year» An Analysis of Budget 2008-09 By Bimal Jain Tax Expert
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