Tax Publishers

Budget 2015 - Highlights from CA.V.K.Subramani

Finance Bill, 2015 - Decoded(25) 6:20 PM
Wealth tax abolished

Finance Bill, 2015 - Decoded(24) 6:10 PM
Revamping of definition of Accountant for the purposes of section 288

Finance Bill, 2015 - Decoded(23) 6:05 PM
Concealment Penalty leviable in cases covered by section 115JB and 115JC

Finance Bill, 2015 - Decoded(22) 6:00 PM
Deeming of order passed by assessing officer as erroneous and prejudicial to interests of revenue in certain cases

Finance Bill, 2015 - Decoded(21) 5:55 PM
Reporting of payments to non-residents

Finance Bill, 2015 - Decoded(20) 5:45 PM
Beneficial provisions of section 194C(6) restricted to lorry owners owning not more than 10 lorries.

Finance Bill, 2015 - Decoded(19) 5:35 PM
Employer deducting tax under section 192 to obtain certain particulars from the tax deductee

Finance Bill, 2015 - Decoded(18) 5:30 PM
Sanction for issuance of notice under section 148

Finance Bill, 2015 - Decoded(17) 5:25 PM
Rate of tax on royalty and fees for technical services reduced to 10 percent

Finance Bill, 2015 - Decoded(16) 5:20 PM
Tax benefits for Swachh Bharat Kosh and Clean Ganga Fund

Finance Bill, 2015 - Decoded(15) 5:15 PM
Limit of domestic specified transactions raised to Rs. 20 crore

Finance Bill, 2015 - Decoded(14) 5:10 PM
Limit of deduction under section 80U enhanced

Finance Bill, 2015 - Decoded(13) 4:50 PM
Limit of deduction in respect of maintenance including medical treatment of a dependent who is a person with disability enhanced

Finance Bill, 2015 - Decoded(12) 4:30 PM
Tax rates for assessment year 2016-17

Finance Bill, 2015 - Decoded(11) 4:25 PM
Tax incentives for setting up undertaking in the State of Andhra Pradesh and Telangana

Finance Bill, 2015 - Decoded(10) 4:25 PM
Receipts from Sukanya Samriddhi Account to be tax free

Finance Bill, 2015 - Decoded(9) 4:20 PM
Limit of investment under section 80CCC hiked to Rs. 150000

Finance Bill, 2015 - Decoded(8) 4:10 PM
Discouraging cash transactions in property dealings

Finance Bill, 2015 - Decoded(7) 4:05 PM
Additional deduction for investment in pension scheme

Finance Bill, 2015 - Decoded(6) 3:45 PM
Accelerated additional depreciation for investments in State of Andhra Pradesh and Telangana

Finance Bill, 2015 - Decoded(5) 3:20 PM
Asset acquired during second half of the year and additional depreciation

Finance Bill, 2015 - Decoded(4) 3:05 PM
Notice of accumulation of income to be given before due date for furnishing return of income

Finance Bill, 2015 - Decoded(3) 2:10 PM
Yoga to be a charitable purpose

Finance Bill, 2015 - Decoded(2) 1:50 PM
New criteria to determine residential status of a Company

Finance Bill, 2015 - Decoded(1) 1:30 PM
Activity in nature of trade to be towards advancement of general public utility and limit of Rs 25 lakh replaced by 20 percent of total receipts

Corrigenda - Finance Bill, 2015 1:12 PM

Finance Bill, 2015 1:10 PM

Key Features of Budget 2015-2016 28 Feb 2015, 1:00 PM

What's New

GAAR: Pushing back GAAR has sound reason
The taxman has taken a headlong plunge into an alphabetic soup to comply/align more....

Mutual Fund: Common account to pave way for simpler MF accessibility, transaction
Mutual fund investments will become simpler with the introduction of the common account more....

SEBI: SEBI simplifies account opening
Capital market regulator SEBI has unveiled a simple two-page account opening form, called more....

Company Secretary: Demand for company secretaries set to rise: ICSI
The Institute of Company Secretaries of India feels that following the full implementation more....

Stock Exchange: India Infoline acted only as a broker on NSEL platform
India Infoline Commodities Ltd in a press statement on the arrest of its official in the NSE case more....

Stock Exchange: Government plans to replicate Jan Dhan Yojana model; to open demat accounts to perk up retail play in equities
After bank accounts, demat could be up next for a record opening spree more....

Direct Tax: Income-tax department tells foreign portfolio investors to pay minimum alternate tax by March 31
The income-tax department has demanded that foreign portfolio investors pay minimum alternate more....

Banking: Coffee Board proposes action plan to assist bankers recover dues from growers
The state-run Coffee Board proposes to formulate an action plan to assist bankers recover the overdues more....

RBI: RBI refuses to share inspection reports with intelligence agencies
The Reserve Bank of India has refused to share its banks inspection reports on alleged more....

Direct Tax: Offshore funds: CBDT open to relook at Budget conditions
The Central Board of Direct Taxes (CBDT) is open to "re-look" at the conditions placed more....

Insurance: Insurance Bill introduced in Lok Sabha
Modi Government has introduced Insurance Bill in Lok Sabha. The Bill intends to raise more....

FDI: Government may ease FDI norms for NRIs to boost capital inflow in Defence, Railways
The government is set to liberalise foreign direct investment norms for non-resident Indians more....

RBI: Raghuram Rajans role in policy panel remains unclear as government amends RBI Act
Will Raghuram Rajan have a veto on interest rates under the proposed monetary policy more....

Aadhaar: Aadhar card number to be added to voter list
To weed out bogus voting, Aadhar card number of the voter will now be added to more....

Direct Tax: FII debt inflows to sustain as govt keeps rate lower
Foreign flows in debt papers are seen continuing with the government extending the concessional more....

Stock Exchange: NYSE, LSE plan to set up shop in GIFT
Gujarat International Finance Tec-City Company Ltd (GIFT), being set up at Gandhinagar more....

Corporate Affairs: Sun Pharma buys GSKs opiates business in Australia
Sun Pharmaceutical Industries has entered into an agreement to buy multinational drug maker more....

Import Duty: DIPP seeks import duty on cement
The Department of Industrial Policy and Promotion (DIPP) has sought imposition of import more....

Mutual Fund: Mutual Funds line up 34 NFOs led by positive market rally
Mutual fund companies have lined up nearly three dozen New Fund Offers (NFOs) and have filed draft documents more....

SEBI: Sebi-FMC merger: Soon, commexes may start equity trading
Merger of the Forward Markets Commission (FMC) with the Securities and Exchange Board of India more....

Direct Tax: Foreign investors MAT woes not over just yet
Foreign portfolio investors (FPIs) are not entirely free of the minimum alternate tax more....

Stock Exchange: Budget provides regulatory clarity for GIFT Cit
The Union Budget paved the way for setting up India’s first international finance services centre (IFSC) more....

Insurance: Government to introduce Insurance Bill, Coal Mining Bill in Lok Sabha this week
Government will introduce Bills, including the Insurance Laws (Amendment) Bill and the Coal Mining more....

FDI: Proposal to club sub-limits of foreign portfolio investments with FDI to aid lenders
The proposal to merge sub-limits of foreign portfolio investments (FPI) with FDI augurs well for lenders like more....

PF: Budget 2015: Investment pattern for non-govt PFs, gratuity funds to be notified soon
The government will soon notify the new investment pattern for non-government provident funds more....

Insurance: Govt announces details of new insurance, pension schemes
The Finance Ministry has announced detailed guidelines for three social security schemes more....

Direct Tax: Budget 2015: PFRDA, industry hail higher tax exemption for NPS investments
Pension Fund Regulatory Development Authority (PFRDA) has welcomed the additional Rs 50,000 tax exemption more....

EPF: EPFO asks its offices to focus on consumer forum cases
In view of rising complaints against it in district consumer forums, retirement fund body EPFO has asked its field more....

Service Tax: Service tax exemption to MF agents withdrawn
Investment in mutual funds may turn expensive as the government withdrew service tax exemption more....

SEBI: SEBI asks investment advisers to get registered for giving tips through media
Individual investment advisers providing opinion on securities or public offers through TV channels or other media more....

Banking: Dont harass pensioners, govt tells banks
Against the backdrop of complaints of pensioners’ harassment, the Government has directed banks not to more....

Budget 2015 - Highlights from CA.V.K.Subramani

Finance Bill, 2015 - Decoded(25)
Wealth tax abolished

Finance Bill, 2015 - Decoded(24)
Revamping of definition of Accountant for the purposes of section 288

Finance Bill, 2015 - Decoded(23)
Concealment Penalty leviable in cases covered by section 115JB and 115JC

Latest Case-Laws

Direct Tax :
Asstt. CIT v. Bharati Anirudh Kilachand IT Appeal No. 1417 (Mum.) of 2011 more....

Direct Tax :
Flag Telecom Group Ltd. v. Dy. CIT IT Appeal Nos. 6254 & 6613 (Mum.) of 2003 and 1168, 1192, 6710 & 7193 (Mum.) of 2004 more....

Direct Tax :
Army Welfare Placement Organization v. DIT IT Appeal No. 2996 (Delhi) of 2011 more....

Direct Tax :
SREI Infrastructure Finance Ltd. v. Addll. CIT IT Appeal Nos. 371 & 372 of 2012 more....

Direct Tax :
CIT v. Sivalik Cellulose Ltd. ITA No. 536/2010 more....

Direct Tax :
B.S. Sangwan v. ITO IT Appeal No. 2680 (Delhi) of 2011 more....

Direct Tax :
Ushodaya Enterprises Ltd. v. Dy. CIT ITA Nos. 676/Hyd/2009 & 411/Hyd/2010 more....

Direct Tax :
Aithent Technologies (P.) Ltd. v. ITO IT Appeal Nos. 3512 (Delhi) of 2010 and 1923 & 2064 (Delhi) of 2013 more....

Direct Tax :
HCL Ltd. v. CIT IT Appeal Nos. 93 of 2002 & 120 of 2008 more....

Direct Tax :
Lal Chand Agarwal v. CIT Income Tax Appeal No.479 of 2012 more....

Direct Tax :
Anil Bhansali v. ITO IT Appeal No. 220 (Hyd.) of 2014 more....

Direct Tax :
CIT v. Shyam Co-Op. Housing Society Ltd. Income Tax Appeal No. 85 of 2013 more....

Direct Tax :
CIT v. N. Sundararaman Tax Case (Appeal) No. 101 of 2008 more....

Direct Tax :
CIT v. Santosh Kumar Shetty IT Appeal No. 590 of 2013 more....

Direct Tax :
CIT v. M/s. AAR ESS Exim (P) Ltd. ITA No. 551/2013 and 553/2013 more....

Latest Statutes

FEMA:
Review of FDI Policy on Insurance Sector - Amendment Consolidated FDI Policy Circular 2014 more....

CL :
Companies Act, 2013 Sections 168 and 170 – Particulars of Directors and Key Managerial Personnel - Clarification relating to filing of e-form DIR-11 & DIR-12 under the Companies Act, 2013- regarding more....

SEBI :
(EMPLOYEES SERVICE) (AMENDMENT) REGULATIONS, 2015-Amended the Securities and Exchange Board of India (Employees Service) Regulations, 2001 more....

SEBI :
FAQs- To guide market participants on SEBI (Investment Advisers) Regulations, 2013 ("IA Regulations") more....

FEMA:
Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2015- Amended the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000 more....

FEMA:
The Foreign Exchange Management Act, 1999 Sections 10(4) and 11(1) - Trade Credits for Imports into India - Review of all-in-cost ceiling more....

FEMA:
The Foreign Exchange Management Act, 1999 Sections 10(4) and 11(1) - External Commercial Borrowing (ECB) Policy - Review of all-in-cost ceiling more....

Service Tax:
The Finance Act, 1994 Section 96A(b) (iii) - Definition of “resident firm” as class of persons for Advance Ruling more....

Service Tax:
The Finance Act, 1994 Section 93(1) - Amendment in the Notification No. 26/2012-Service Tax, Dated 20th June, 2012 more....

Service Tax:
Finance Act, 1994 Section 68- Amendments in the Notification No. 30/2012-Service Tax, Dated the 20th June, 2012 more....

Service Tax:
The Finance Act, 1994 Section 93(1) - Amendments in the Notification No.25/2012- Service Tax, Dated the 20thJune, 2012 more....

Service Tax:
The Finance Act, 1994 Sections 94(1) and 94(2) - The Service Tax (Amendment) Rules, 2015 amended the Service Tax Rules, 1994 more....

Service Tax:
The Finance Act, 1994 Section 93(1) - Amendment in the Notification No.31/2012-Service Tax, dated the 20thJune, 2012- Come into force on the 1st day of April, 2015 more....

Service Tax:
To rescind the Notification No. 42/ 2012-Service Tax, dated 29th June 2012 more....

Service Tax:
In supercession of Order No. 2/2011-Service Tax dated 13-12-2011- Documentation, time limits and procedure with respect to filing of registration applications for single premises with effect from 1-3-2015 more....

Service Tax:
Union Budget 2015 - Changes in Service Tax more....

CL :
The Companies (Registration Offices and Fees) Rules, 2014 amended by the Companies (Registration Offices and Fees) Amendment Rules, 2015 more....

CL :
The Companies (Declaration and Payment of Dividend) Rules, 2014 amended by the Companies (Declaration and Payment of Dividend) (Amendment) Rules, 2015 more....

Direct Tax :
INCOME-TAX ACT, 1961 Section 35(1)(ii)- Expenditure on scientific research- Granting of approval to Academy of Scientific and Innovative Research (AcSIR), New Delhi more....

CL :
The tenure of Shri Ashok Kumar Tripathi, Member (Judicial) of Company Law Board- Extended by the Notification No. A-12023/01/2011-Ad.lV(pt), dated 13-2-2015 more....

Un-Reported Case Laws

2015 TaxPub(DT) 0379 (Guj-HC) CIT v. Vishal Developers Guj-HC, Tax Appeal No. 507 of 2014, 07-Oct-2014

2015 TaxPub(DT) 0378 (Mum-Trib) Asstt CIT v. Vilas N Tamhankar Mum-Trib, 2009-10, I.T.A. No. 4522/Mum/2013, 21-Nov-2014

2015 TaxPub(DT) 0377 (Agra-Trib) Vijay Veer Singh v. ITO Agra-Trib, 2005-06, I.T.A. No. 227/Agra/14, 31-Oct-2014

2015 TaxPub(DT) 0376 (Mum-Trib) ITO v. Vandana Properties Mum-Trib, 2006-07, ITA Nos. 7398/Mum/2010, 25-Nov-2014

2015 TaxPub(DT) 0375 (Bang-Trib) Toyota Kirloskar Auto Parts (P) Ltd v. Asstt CIT Bang-Trib, 2008-09, IT(TP)A No. 1642/Bang/2012, 21-Nov-2014

2015 TaxPub(DT) 0374 (Chd-Trib) ACIT v. Tribune Trust Chd-Trib, 2009-10, ITA No. 1273/Chd/2012, 26-Nov-2014

2015 TaxPub(DT) 0373 (Del-Trib) SRF Ltd v. Addl CIT Del-Trib, 2002-03, I.T.A.No. 3555/Del/2009, 13-Nov-2014

2015 TaxPub(DT) 0370 (Bom-HC) CIT v. Rucha Engineers (P) Ltd Bom-HC, Tax Appeal No. 16 of 2011, 24-Nov-2014

2015 TaxPub(DT) 0369 (Del-Trib) RL Allied Industries v. ITO Del-Trib, 2000-01, 2001-02 & 2002-03, ITA Nos. 567/Del/2011 & 568/Del/2011 and 4812/Del/2012 to 4816/Del/2012, 28-Nov-2014

2015 TaxPub(DT) 0368 (Coch-Trib) Ramanthali Service Co-operative Bank Ltd v. ITO Coch-Trib, 2009-10, I.T.ANo. 361/Coch/2012, 21-Nov-2014

2015 TaxPub(DT) 0367 (Mum-Trib) Asstt CIT v. Oil and Natural Gas Corporation Ltd Mum-Trib, 2008-09, I.T.A. No. 5808/Mum/2012, 03-Dec-2014

2015 TaxPub(DT) 0366 (Asr-Trib) Nitco Logistics (P) Ltd v. Joint CIT Asr-Trib, 2009-10, I.T.A. No. 437(Asr)/2012, 05-Sep-2014

2015 TaxPub(DT) 0362 (Del-Trib) ADIT v. IM Technologies Del-Trib, 2006-07 & 2007-08, I.T.A. Nos. 4655 & 4656/Del/2012, 28-Nov-2014

2015 TaxPub(DT) 0361 (Mum-Trib) Ferani Hotels (P) Ltd v. Asstt CIT Mum-Trib, 2009-10, I.T.A. No. 857/Mum/2013, 17-Nov-2014

2015 TaxPub(DT) 0360 (Guj-HC) Empire Pumps (P) Ltd v. ACIT Guj-HC, Tax Appeal No. 186 Of 2003, Tax Appeal No. 187 of 2003, Tax Appeal No. 189 of 2003, Tax Appeal No. 371 of 2002, 14-Oct-2014

2015 TaxPub(DT) 0256 (Hyd-Trib) ITO v. Amaravathi Wine Shop Hyd-Trib, 2007-08, ITA No. 1196/Hyd/2011, 08-Jun-2012

2015 TaxPub(DT) 0127 (Ahd-Trib) Asstt. CIT v. Akar Laminators Ltd. Ahd-Trib, 2000-01, 2001-02, 2002-03, ITA No. 858, 927/AHD/2005, ITA No. 1113, 1198/AHD/2004, ITA No. 1026/AHD/2007, 01-Aug-2014

2015 TaxPub(DT) 0049 (Del-Trib) Wrigley India (P) Ltd v. Asstt CIT Del-Trib, 2003-04 to 06-07, I.T.A. Nos. 5648, 5649 and 5650/Del/12 I.T.A. Nos.: 5987, 5988 and 5989/Del/12 I.T.A. No. 5224/Del/10, 31-Dec-2014

2014 TaxPub(DT) 4751 (Bom-HC) Mumbai Metropolitan Region Development Authority v. Dy DIT & Ors Bom-HC, Writ Petn. No. 2348 of 2014, 29-Oct-2014

2014 TaxPub(DT) 4683 (P&H-HC) CIT v. Dulla Ram Labour Contractor P&H-HC, IT Appeal No. 122 of 1999, 22-Oct-2013

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