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Change of PATTERN OF ASSESSMENT FROM MAY 2019 EXAMINATION

ICAI has already notified that from May 2019 examinations, pattern of assessment is going to be changed, as of till now, whole pattern was...

Thursday, 4 February 2016

TAX & ECONOMY Updates


📌TAX & ECONOMY

 ✌🏻Atulesh Jindal to take over as new CBDT chairman.

✌🏻 Rebate of Swachh Bharat Cess paid on all services, used in providing services exported.

✌🏻Refund of Swachh Bharat Cess paid on specified services used in a SEZ.

✌🏻 Income from transfer of right to use agricultural land is exempt even if its end use is for non-agricultural purposes.

✌🏻 Payment made for supply of building material isn't liable to TDS.

✌🏻 Govt. sets up a common ‘Tax Research Unit’ to deal with direct and indirect tax policies.

✌🏻Bihar Govt. grants interest for delay of 60 days in payment of VAT refund.

✌🏻 Andhra Pradesh Govt. levies 0.5% VAT on sale of HSD to foreign going international ships.

✌🏻Bombay HC is appropriate authority under Excise Act for union territory of Dadra, Nagar and Haveli.

✌🏻 Don’t pay taxes if Government fails to curb corruption, says Nagpur bench of Bombay High Court. [ANI]

✌🏻 Taxpayers may refuse to pay taxes and launch non-cooperation movement if corruption continues: Bombay HC

✌🏻 Delhi VAT: Expeditious disposal of refund cases of amount upto Rs. 10,000

✌🏻Govt may re-impose customs duty on crude oil imports.

✌🏻Education cess is not an allowable deduction U/s. 37(1) of I.T.Act, 1961

✌🏻Govt. releases integrated Central Excise and Service Tax Audit Manual

✌🏻IEC code can now be applied with only Two Documents.

✌🏻GST bill: Government will leave no stone unturned, says Venkaiah Naidu.

✌🏻FM Arun Jaitley pushes GST, reassures on back taxes⁠.

✌🏻Now Rajasthan VAT dealers have discretion to declare business manager.



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