taxation

.auto-style1 { text-align: left; } The Finance Minister presented the Union Budget 2011 amidst low expectations of any major  indirect tax policy reforms due to lack of any concrete understanding between the Central Government and some of the State Governments.  Certainly, t..

Meaning of Remand:When an appellate court sends an appealed case back to the trial court for further action, the case is said to be remanded. This usually happens if the trial judge has made an error which req..

  p align="center" class="MsoNormal" styl..

  A Division Bench of the Kerala High Court considered the validity of section 17D(5) of the Kerala General Sales Tax Act, 1963. The said provision provided that appeals against the assessment orders  issued under the fast track method shall lie within 45 ..

  There is no respite from continuing inflation&nb..

Section 40(b) of Income Tax Act places some restrictions and conditions on the deductions of expenses available to an assessee assessable as a partnership firm in relation to the remuneration and interest payable to the partners of such firm. The deductions regarding salary to partners and any payment of interest to p..

 Rule 51A of Punjab VAT Rules has been added in the Punjab VAT Rules 2005 w.e.f 12-09-2008 to provide for the locking of TIN No of a dealer in certain circumstances.   Locking the TIN no means the temporary stoppage of interstate move..

  INTRODUCTION p class="MsoNormal" style="back..

  Analysis of important Deduction available to individual..

  Meaning of Res Judicataspan style="font-size: 12.0pt;font-family:"Times Ne..

Almost all States under their respective VAT laws have made provisions for deduction of VAT from payment to be made to the works contractors at the time of the payment (popularly known as works contract tax or VAT TDS on works contract). The Punjab VAT Act is no exception in this regard. Section 27 of PVAT Act deals with the provisions relating to tax deductions from paym..

In India the I T Industry has been operating well since long now and has contributed to the national economic growth to a great extent. But with increasing number of transactions of sale of I T Products, the commercial issues, disputes have gone on the rise including the Taxation issues like implication of VAT and Service Tax...

Central Sales Tax Act 1956 envisages single point of taxation i.e tax at the first point of sales. Subsequ..

    REJECTION & RETURN OF GO..

  REPLACEMENT UNDER WARRANTY p class="MsoNormal" style="margin-bottom:0in;margi..