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  Articles The Next Big Reform – GST Anuj Arora, ACS, Group Addl. General Manager, AL, Nafees Group, New Delhi and Saurabh Gupta, Sr. Manager, Finance, PVR Ltd., New Delhi. The laws relating to levy of indirect taxes are proposed to be comprehensively reformed and restructured with a view to usher in the goods and s..

Introduction "It was only for the good of his subjects that he collected taxes from them, just as the Sun draws moisture from the Earth to give it back a thousand fold" – --Kalidas in Raghuvansh eulogizing KING DALIP. Other than Income-tax, there is another direct tax act called the Wealth-tax Act, 1957. It extends to the whole of India. It shall be deemed to have come into fo..

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SURVEY UNDER SECTION 133 A OF INCOME TAX ACT 1961   Survey in a wider sense means to scrutinize or to inspect. The power of survey under the Income tax Act has been provided U/S 133A and 133B. The provisions contained in section 133A are independent and to the exclusion of the other provisons of the act since the wording of the section starts..

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The VAT Department in Punjab has started issuing the notices for assessements for the year 2005-2006 under section 29 of Punjab Value Added Tax Act 2005 to the dealers across the state. The notices u/s 29 of PVAT Act 2005 can be issued within 3 years from the last date for fil..

Given the complexity involved in conceptualising and implementing the Goods and Services Tax (GST), it is becoming clearer by the day that the scheme cannot be introduced by April 1, 2010, as originally proposed. An overwhelming majority of States have expressed ..

Section 54F of the Income-tax Act, 1961 - Capital gains - Exemption of, in case of investment in residential house - Assessment year 1986-87 - Whether section 54F emphasizes construction of residential house and such construction must be real one and should not be a symbolic construction - Held, yes - Whether mere construction by way of extension of old existing hou..

State of Punjab and Another vs Kalsi Pipes Private Limited [PUNJAB AND HARYANA HIGH COURT, 23 Nov 2009] New Model Industries Private Limited vs State of Punjab and Another [PUNJAB AND HARYANA HIGH COURT, 11 Nov 2009] Sales Tax - VAT - Punjab General Sales Tax Act (PGST), 1948 , s. 10(7) - A/y 1993-1994 - Appellant submitted that they are neither making bodies for sale nor keeps same in stock..