[Hello Readers,
Greetings of the Day ! 🙏
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Today's Word of Wisdom -
We wish you and your family a very Happy New Year. May God Bless all of us with Happiness, Peace of Mind and Satisfaction of Life.
Your mind is your great friend if you control it.., but your mind is your greatest enemy if it controls you!
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02 January 2018 Updates 📄📄📄
🌺 Now wef 01.01.18 rate of composition for manufacturers also 1% instead of earlier 2%...
Also on taxable turnover only not on total turnover.
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Only Registered “Valuers” can conduct Valuations from Next FY: IBBI publishes Syllabus, Format and Frequency of Examinations for Valuers
Read more at: http://www.taxscan.in/registered-valuers-can-conduct-valuations-next-fy-ibbi-publishes-syllabus-format-frequency-examinations-valuers/15638/
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30 Important Tax Judgments in 2017
Read more at: http://www.taxscan.in/30-important-tax-judgments-2017/15597/
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Payment of Terminal Excise Duty altogether is not a valid reason for denying Refund: Madras HC [Read Judgment]
Read more at: http://www.taxscan.in/payment-terminal-excise-duty-altogether-not-valid-reason-denying-refund-madras-hc-read-judgment/15615/
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Govt Suspects Evasion of Tax due to Composition Scheme
Read more at: http://www.taxscan.in/gst-govt-suspects-evasion-tax-due-composition-scheme/15599/
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RBI Stops 8 percent GoId Savings Bonds Scheme
Read more at: http://www.taxscan.in/rbi-stops-8-percent-goid-savings-bonds-scheme/15605/
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ITAT Deletes Penalty since Non- offering of LTCG to tax was out of Ignorance of Assessee [Read Order]
Read more at: http://www.taxscan.in/itat-deletes-penalty-since-non-offering-ltcg-tax-ignorance-assessee-read-order/15630/
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Date of handing over the physical possession of the property can be treated as the ‘date of transfer’ for Capital Gain exemption: Bombay HC [Read Judgment]
Read more at: http://www.taxscan.in/date-handing-physical-possession-property-can-treated-daate-transfer-property-capital-gain-exemption-bombay-hc-read-judgment/15622/
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Royalty, License Fee or any other Payment for a Process must be included in the Assessable Value of Imported Goods: CESTAT [Read Order]
Read more at: http://www.taxscan.in/royalty-license-fee-payment-process-must-included-assessable-value-imported-goods-cestat-read-order/15633/
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AO should allow credit of TDS deducted and deposited wrongly in assessee’s erstwhile name iGate Infrastructure Management Services Ltd. Vs The Deputy Commissioner of Income Tax (ITAT Bangalore)
Bankers have decided to refer 25 of 28 companies on the RBI second list of large corporate defaulters to the NCLT for initiation of insolvency proceedings.
GST anti-profiteering authority set up to look into complaints of profiteering from the goods and services tax has so far received 169 complaints alleging that suppliers of goods/ services have not passed on the GST benefits to customers.
Nearly 50,000 Adhar enrolment operators have been suspended for violating the process guidelines for Aadhaar enrolment till date, Rajya Sabha was informed on Friday.
Lok Sabha Passes Insolvency And Bankruptcy Code Amendment BillNow Loan defaulters can participate in bidding under the insolvency proceedings after paying due interest and making their bad loan accounts operational.
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Subsidy in the form of Exemption from Entertainment Duty to Newly Established Multiplex Theatres under State’s Scheme is Capital Receipt: SC [Read Judgment]
Read more at: http://www.taxscan.in/subsidy-form-exemption-entertainment-duty-newly-established-multiplex-theatres-states-scheme-capital-receipt-sc/15570/
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Govt Likely to Notify NFRA in January: CAs to face Criminal Action & Bigger Fines for Financial Crimes
Read more at: http://www.taxscan.in/govt-likely-notify-nfra-january-cas-face-criminal-action-bigger-fines-financial-crimes/15593/
Thanks for Reading
