The Maharashtra Government has decided to levy one per cent Value-Added Tax on property sale from April 1, 2010 in its Budget for 2010-11. All sale agreements registered on or after April 1 will attract one per cent on the contract price of flats me ..
In a judgement that will clear the air on the tricky issue of the income-tax department’s power to levy penalties on assessees, the Supreme Court has held that a penalty cannot be levied merely because the I-T authorities and taxpayers hold di ..
After introducing unique account numbers for taxpayers (PAN) and those for tax deductors (TAN), the government will this fiscal introduce a unique document identification number (DIN) to be quoted on "every" income tax related communicatio ..
Delhiites will have to shell out more from their pockets for virtually everything from cooking gas to diesel with Delhi government withdrawing subsidy on LPG and increasing VAT on many items to "generate" additional revenue. Presenting the ..
The validity of reopening an income tax (I-T) assessment has to be determined on the basis of the law as it stands on the date of reopening and not on the basis of a retrospective amendment in the law, the Bombay High Court has said. The recent cour ..
Payments made by an Indian arm of a multinational to its US or UK-based affiliate for professional support service will not be taxed here in India, the Authority for Advance ruling has said in a recent ruling. The decision brings more clarity on tax ..
Hello learned friends, I am the legal manager of a software firm. As part of our IT solutions, , we buy/obtain license/sub license soft ware and customise/implement the same to our clients. In a recent instance, the entity from whom we buy the softw ..
All the manufacturers, dealers and service providers who have to pay Central Excise duty and service tax of Rs 10 lakh or more should file their returns electronically from April 1. The e-payment could be made through 23 designated banks the list of ..
The Maharashtra Government has not taken a final decision on levying entertainment tax on the IPL, said the Chief Minister, Mr Ashok Chavan, on Wednesday while addressing the media on the eve of budget session. When it was pointed out that the State ..
The Geneva-based International Air Transport Association (IATA) has written to the Finance Minister, Mr Pranab Mukherjee, calling for a relook at the Budget 2010-11 proposal to levy a service tax on domestic and international air transport. “T ..
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
