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G20 finance leaders agree to tax super-rich but forum not yet ready India, US ink pact to stymie illegal trafficking of cultural property Froth in Yamuna river: Delhi complains to Centre against UP and Haryana Former BJP Minister says BJP has totally failed as Opposition in Karnataka EU penalises 5 countries for infringing budget rules China says Relations with Japan at critical stage EU medicines regulator disapproves Alzheimer’s new drug SC says no restrictions on voluntary name banners along Kanwar route eateries New Capital gains regime: CBDT issues FAQs FM favours debt reduction but sans affecting economic growth Misc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CB DGFT simplifies EPCG Scheme procedures to enhance Ease of Doing Business Kargil Victory Day: PM warns Pak against practising terrorism PM GatiShakti Group evaluates five key infrastructure projects Misc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CB Ladakh's Budget has increased from Rs 1100 Cr to Rs 6000 Cr in last 5 yrs China pumps in subsidies worth USD 41 bn into car sector Cus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC India's installed Nuclear Power Capacity to triple by 2031-32: MoS

MESSAGE BOARD

Exemption notification - How to interpret

exemption note it and then take and give it

nice write up sir,

the exemption from gst on residential dwelling unit renting is beneficial and specific. its beneficial as well as specific one, and hence needs to be given full effect about its purpose and object.
hence making this activity taxable by way of sub ordinate legislation that is by way of a notification under reverse charge is truly non democratic, illegal .

Navin Khandelwal 15/11/2023

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Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering

July 26, 2024 | New Delhi

New Capital gains regime: CBDT issues FAQs

July 26, 2024 | New Delhi

DGFT simplifies EPCG Scheme procedures to enhance Ease of Doing Business

July 26, 2024 | New Delhi

PM GatiShakti Group evaluates five key infrastructure projects

July 26, 2024 | New Delhi

Ladakh's Budget has increased from Rs 1100 Cr to Rs 6000 Cr in last 5 yrs

July 22, 2024

Appeal on Denial of Cross Examination

July 08, 2024

Refund Arising out of Finalisation of Provisional Assessment

Union Budget 2024 - An Analysis

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Union Budget 2024 - An Analysis

Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

July 26, 2024

INTL - Re-assessment order invalidated where passed without dealing with submissions raised by assessee in response to re-assessment notice issued u/s 148: HC

July 26, 2024

DTAA - Additions framed on account of Royalty are unsustainable where AO & DRP omitted to consider recitals of agreements: ITAT

July 26, 2024

IBC - Corporate Insolvency Resolution Process of Holding Company can't include subsidiary's Assets : SC

July 26, 2024

Misc - Code of Criminal Procedure - Courts should stay orders granting bail only in exceptional cases and very rarely should be it be done without hearing the accused (ex-parte) : SC

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