Taxindiaonline.com - One Stop Destination for Taxman & Taxpayer : Income Tax, Custom, Excise, Service Tax, , International Taxation, Caselaws, Notifications, Circulars, Analysis

The links within TIOL Library box require customary login. The user doesn't require to be a TIOL package subscriber. Click register to create login/password

About Us

Advertise

NEWS FLASH

ACC approves CBEC's foreign posting file

FDI into Steel Sector registers net growth: Minister (See 'Mixed Buzz')

CBI Court sentences ITO to 3-yr RI (See 'Mixed Buzz')

BJD extends support to P A Sangma as Presidential candidate

Revised DTC Bill: To what extent FM may care for House Panel concerns? (See 'The Cob(Web)' Column)

I-T - Whether when assessee takes a house on lease for its Chairman and pays huge security deposit, notional interest on such deposit is to be treated as a sum liable to FBT - NO, rules ITAT (See 'Breaking News')

Rajya Sabha Okays Finance Bill 2012 - FM ready to bite bullet if needed; Determined to collect tax from Vodafone (See 'DDT' Column)

Excise duty paid on imported Modems supplied to BSNL by availing CENVAT Credit of Additional duty of Customs and SAD paid on import - No case for imposing equal penalty under Section 11AC: CESTAT by Majority (See 'Breaking News')

Smuggling across Indo-Bangla borders: Goods worth Rs 71 Cr seized (See 'Mixed Buzz')

Plastic bottles manufactured from raw materials supplied by M/s X and cleared on duty to M/s Y for packing hair oil under brand name - AV correctly arrived on basis of cost of raw materials plus job charges - no cause for applying rule 8 or rule 10A of Valuation Rules, 2000: CESTAT (See 'Breaking News')

Handling of Cargo in Customs Areas Regulations, 2009 - Amended (See 'DDT' Column)

I-T - Whether claim of depreciation on sale and lease back transaction can be rejected on ground that assessee was never in possession of machinery (See '2012-TIOL-376-HC-MAD-IT')

Govt flooded with proposals for New Airports (See 'Mixed Buzz')

Govt mulling over proposal to set up National Social Security Authority: Minister

Murli Manohar Joshi backs FM on Vodafone issue

Entertainment tax - Taxing Fashion Shows - Delhi HC declines to interfere

DG (Systems) of CBEC allots port codes to 58 SEZs (See Cir 64 in 'What's New')

Rupee nosedives against Dollar; India to resort to some austerity steps for fiscal consolidation: FM

Export of rice to Iran: Indian Embassy takes up payment default cases, says Govt

EU keen to wrap up FTA with India by year-end

CBI launches search operations against Yeddy; raids residences

I-T - Whether when assessee pays commission to its Director, who holds 1% equity, for services rendered, such sum can be said to be in lieu of dividend - NO, rules ITAT (See 'Breaking News')

Tariff Value - Hike in Brass Scrap; Decrease for Gold and Silver (See 'DDT' Column)

Foreign Assets reporting - Means not meeting the ends? (See 'Guest Column')

Non-Plan Expenditure is on slide: Minister (See 'Mixed Buzz')

I-T - Whether a jobworker is entitled to Sec 80IB benefits (See '2012-TIOL-371-HC-P&H-IT')

FTP - Import of Betel Nut (See PN 112 in 'What's New')

DTC fresh Bill after considering House Panel recommendations to be tabled in Parliament during Monsoon Session: FM

Govt decides to reduce import of crude oil from Iran by 11%

CBDT reconstitutes Placement Committee format for issue of AGT (See 'Service News' in 'Pitara')

ED looking into alleged FEMA violations by Bharti Airtel: MoS(R)

Secretary, DIPP, to hold Addl Charge of Secretary, Department of Commerce

Imports from Singapore - Tariff Headings amended + Exemption for Imports from Singapore - Tariff headings amended + Concessional rates for imports from Singapore - Sanitary towels included (See Tariff in 'What's New')

Anti Dumping Duty on PVC Flex Film from China - Provisional Assessment Ordered + ADD on Dry Cell Batteries from China - extended for one more year (See Notifications in 'What's New')

SC finally grants bail to A Raja in 2G Scam case

ITAT President issues transfer order of four Members - I C Sudhir from Pune to Delhi + I P Bansal from Delhi to Mumbai + J Sudhakar Reddy from Mumbai to Delhi and N V Vasudevan from Mumbai to Bangalore

DRI case against Hewlett-Packard India - Bangalore Customs Commissioner confirms demand of Rs 925 Cr, with consequent penalties and interest (See 'Breaking News')

CX - Exports - Refund of CENVAT Credit - Relevant date is date on which final products are cleared for export: Madras HC (See 'Breaking News')

Shameful Backdoor Amendment to Notification by CBEC (See 'DDT' Column')

Income tax - Whether, for purpose of computing capital gains, the day on which an asset is acquired or the day on which an asset is transferred, is to be added or excluded - NO, rules Delhi HC (See 'Breaking News')

Works Contract - Levying tax on 'service portion' by exempting 'goods' portion - A great step forward (See 'ST se GST tak' Column)

MVAT - Input Credit - No set off without any tax being received into Government Treasury: Bombay HC (See 'Breaking News')

Gujarat using cloud seeding technology to tackle drought: Govt (See 'Mixed Buzz')

I-T - Whether introduction of capital by partners can be added as cash credit when the partners are income tax assessee (See '2012-TIOL-240-ITAT-HYD')

DDT (Daily Dose of Taxation)

With VIJAY KUMAR

Rajya Sabha Okays Finance Bill 2012 - FM ready to bite bullet if needed; Determined to collect tax from Vodafone
Published: May 17, 2012

View previous DDTs »

WHAT'S NEW

CUS	:	Not 33-36	NT 43	Cir 13
ADD	:	Not 24-26	SG: Not 01
EX	:	Not 23-26	NT 26	Cir 965
S.TAX	:	Not 52	Order 1	Cir 158
I-T	:	Not 16	Cir 01	Forms
DGFT	:	Not 117	PN 112	Cir 63-64
RBI	:	Cir 128

<< More>>

BREAKING NEWS

Mumbai, May 17
I-T - Whether when assessee takes a house on lease for its Chairman and pays huge security deposit, notional interest on such deposit is to be treated as a sum liable to FBT - NO, rules ITAT

Ahmedabad, May 17
Excise duty paid on imported Modems supplied to BSNL by availing CENVAT Credit of Additional duty of Customs and SAD paid on import - No case for imposing equal penalty under Section 11AC: CESTAT by Majority

Mumbai, May 17
Plastic bottles manufactured from raw materials supplied by M/s X and cleared on duty to M/s Y for packing hair oil under brand name - AV correctly arrived on basis of cost of raw materials plus job charges - no cause for applying rule 8 or rule 10A of Valuation Rules, 2000: CESTAT

New Delhi, May 16
I-T - Whether when assessee pays commission to its Director, who holds 1% equity, for services rendered, such sum can be said to be in lieu of dividend - NO, rules ITAT

MIXED BUZZ

New Delhi, May 17
FDI into steel sector registers net growth: Minister

Bhopal, May 17
CBI Court sentences ITO to 3-yr RI

New Delhi, May 17
Smuggling across Indo-Bangla borders: Goods worth Rs 71 Cr seized

New Delhi, May 17
Govt flooded with proposals for New Airports

New Delhi, May 16
DEBT Stressed States: Centre implements TFC recommendations

<< More News >>

<< More Buzz >>

PUZZLE TO DAZZLE

by PUNIT PAVAN VED CA Income tax - Whether section 273B is applicable to 271AAB also. Published: Mat 14, 2012
Post Answer »	View previous Puzzles »

THE COB (WEB)

by SHAILENDRA KUMAR

Revised DTC Bill: To what extent FM may care for House Panel concerns?
Published: May 17, 2012

View previous 'The COB(Web)s'»

TIOL EDITORIAL

by TIOL EDIT TEAM

Tackle core tax issues & bury fiscal worries
Published: April 29, 2012

View previous Editorials»

ICE CUBES

by NARESH MINOCHA

Resource Nationalism altering tax flows across globe
Published: May 11, 2012

View previous ICE CUBEs »

GUEST COLUMN

by TAPATI GHOSE & SARASWATHI KASTURIRANGAN

Foreign Assets reporting - Means not meeting the ends?
Published: May 16, 2012

View previous Guest Column(s)»

ST se GST tak

by S SIVAKUMAR

Works Contract - Levying tax on 'service portion' by exempting 'goods' portion - A great step forward
Published: May 15, 2012

View previous ST se GST tak(s)»

TIOL Subscriptions

All-In-One Package

Indirect Tax Package

Income Tax Package

<< More Packages>>



Income Tax	Customs	Excise	Service Tax	FEMA	DGFT	SEZ	Misc	Pitara	Budget
Notifications Circulars SC Cases HC Cases ITAT Cases Instructions Advance Ruling Settlement Other Case	Tariff Notifications NT Notifications Circulars SC Cases HC Cases Cestat Cases Settlement Advance Ruling Safeguards Notification ADD Notification	Tariff Notifications NT Notifications Circulars SC Cases HC Cases Cestat Cases Settlement Advance Ruling Excise Amendment Clean Energy Cess MISC Circulars	Notifications Circulars SC Cases HC Case Cestat Cases Miscellaneous Advance Ruling FAQ Finance Act, 1994 Commr. (A) Orders	Manual Notifications SC Cases HC Cases ATFE Cases Act Rules Regulations Forms Master Circulars RBI Circulars	Notifications Circulars Public Notices Trade Notice FTDR Amendment 2010	MISC State Acts Notifications Instructions Act 2005 Rules 2005 DGEP	SC Cases HC Cases CSTAA Cases	Deputation Posts Service News The Insider Transfer Promotion Recruitment Rules Transfer Policy Training Circulars Service Cases MISC 6th Pay Commission IGAS(2) All India Services	Union Budgets Economic Surveys Budget Speeches Finance Acts Finance Bill

A Taxindiaonline Website. Copyright © 2011 Taxindiaonline.com Pvt.Ltd. All rights reserved. \| Powered by 4th Dimension