A public interest litigation (PIL) has been filed before Allahabad High Court against the government, income-tax department and Delhi-based Shiv Nadar group company Slocum Investment, alleging tax evasion using the Mauritius route ..
CHARITABLE HOSPITALS MAY FACE I-T SCAN Public hospitals and speciality healthcare and research institutions operated by charitable trusts can no longer avail tax exemptions on revenue they earn from performing clinical trials, a profitable and growin ..
IT IS NOT NECESSARY THAT MEDICAL RELIEF AND HOSPITAL SERVICES SHOULD BE ONLY GIVEN TO POOR TO COME WITHIN AMBIT OF CHARITABLE PURPOSE UNDER SECTION ..
HC JUDGMENT ON DELHI RENTING OF IMMOVABLE PROPERTY - WHAT NEXT?V.S. Datey Recent decision of Delhi High Court that service tax cannot be imposed on renting of immovable property has raised hornets nest. The judgment has raised many i ..
NEW TDS FORM DRAWS FLAK A new form introduced by the Central Board for Direct Taxes (CBDT) to improve tax deductions at source (TDS) has allegedly made the process more cumbersome, and may even prompt the government to put the transition to the new r ..
HC & SC judgement prevail over excise department circulars & Instructions: SCThe Supreme Court last week emphasised that circulars and instructions issued by the customs and excise boards are no doubt binding on the authorities but when the Supreme C ..
EC BLOCKS SERVICE TAX SOPS FOR SEZ UNITS Developers of special economic zones (SEZ) and units operating in them will have to wait until a new government is formed to get a keenly-awaited exemption on service tax payments for services availed inside t ..
The Income-Tax department routinely imposes cost on assesses for late filing of returns or delayed tax payment. For a change, it was at the receiving end when the high court imposed a cost of Rs 25,000 for retaining books of accounts impounded from a ..
The board of approval (BoA) for special economic zones (SEZs) has entrusted its chairman, commerce secretary GK Pillai, to give more time to cash-strapped developers of SEZ projects beyond the three-year deadline to start work so that their projects ..
Companies cannot be subjected to service tax for renting premises to run their businesses, the Delhi High Court has ruled while disposing of petitions filed by some retailers against a government directive. The court struck down Centre's notification ..
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