Legal
Parmod K. Bansal The entire world is gradually drifting towards one global market without any trade barriers between the countries. A small organization led by few partners cannot think of growth on large scale without corporatising itself. Limited L...
Conversion Of Existing Firms-Limited Liability Partnerships - Various Aspects
27th November 2009Parmod K. Bansal The entire world is gradually drifting towards one global market without any trade barriers between the countries. A small organization led by few partners cannot think of growth on large scale without corporatising itself. Limited L...
Taxes
Surender Kumar Jain This article makes a comprehensive analysis of the decision of the High Court in Kerala Non-banking Finance Companies Welfare Association v. Union of India [2009] 20 STT 1, wherein a recent issue as to : whether charging of service ...
Service Tax On Equipment Leasing And Hire-Purchase - Whether Un-Constitutional ?
24th November 2009Surender Kumar Jain This article makes a comprehensive analysis of the decision of the High Court in Kerala Non-banking Finance Companies Welfare Association v. Union of India [2009] 20 STT 1, wherein a recent issue as to : whether charging of service ...
Legal
R Balakrishnan Whenever the foreign exchange is acquired and remitted, the proof of import by way of exchange control copy of bill of entry needs to be submitted to the authorised dealer. Non-submission of the proof of imports would invite action again...
Alternate Submission Of Proof Of Imports -(For listed companies - Specific facility)
29th October 2009R Balakrishnan Whenever the foreign exchange is acquired and remitted, the proof of import by way of exchange control copy of bill of entry needs to be submitted to the authorised dealer. Non-submission of the proof of imports would invite action again...
Legal
Kameswara Rao Challa Budget 2009 has taken a new initiative by introducing the concept of allowing deduction under income-tax for investment made in a new business ‘based on investment’ and ‘not based on profit earned’. It has inserted section ...
Investment Based Deduction
02nd October 2009Kameswara Rao Challa Budget 2009 has taken a new initiative by introducing the concept of allowing deduction under income-tax for investment made in a new business ‘based on investment’ and ‘not based on profit earned’. It has inserted section ...
Legal
D.P. Mittal, Advocate The Finance (No.2) Act, 2009, amended the definitions of the expressions firm and partner of the Income-tax Act, 1961, to include a Limited Liability Partnership (LLP) and its partners, respectively, as defined in the Limited Liab...
LLP Conceptually Different - Why Taxed As Partnership?
28th September 2009D.P. Mittal, Advocate The Finance (No.2) Act, 2009, amended the definitions of the expressions firm and partner of the Income-tax Act, 1961, to include a Limited Liability Partnership (LLP) and its partners, respectively, as defined in the Limited Liab...
Legal
D.P. Mittal, Advocate The Finance (No.2) Act, 2009, amended the definitions of the expressions firm and partner of the Income-tax Act, 1961, to include a Limited Liability Partnership (LLP) and its partners, respectively, as defined in the Limited Liab...
LLP Conceptually Different - Why Taxed As Partnership?
24th September 2009D.P. Mittal, Advocate The Finance (No.2) Act, 2009, amended the definitions of the expressions firm and partner of the Income-tax Act, 1961, to include a Limited Liability Partnership (LLP) and its partners, respectively, as defined in the Limited Liab...
Legal
D.P. Mittal, Advocate The Finance (No.2) Act, 2009, amended the definitions of the expressions firm and partner of the Income-tax Act, 1961, to include a Limited Liability Partnership (LLP) and its partners, respectively, as defined in the Limited Liab...
LLP Conceptually Different - Why Taxed As Partnership?
24th September 2009D.P. Mittal, Advocate The Finance (No.2) Act, 2009, amended the definitions of the expressions firm and partner of the Income-tax Act, 1961, to include a Limited Liability Partnership (LLP) and its partners, respectively, as defined in the Limited Liab...
Taxes
V. Gangadharan The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister’s public endorsement of the dual GST model. The dual GST model will comprise...
Goods And Service Tax - A Consumption Based Destination Tax
16th September 2009V. Gangadharan The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister’s public endorsement of the dual GST model. The dual GST model will comprise...
Taxes
M. Govindarajan Whenever a service is brought into the service tax net, the service provider is liable to levy service tax on the service provided by him and to pay the service tax so collected from the service receivers. The Service Tax Rules make it ...
Non-Indication Of Service Tax In Bill - An Analysis
08th September 2009M. Govindarajan Whenever a service is brought into the service tax net, the service provider is liable to levy service tax on the service provided by him and to pay the service tax so collected from the service receivers. The Service Tax Rules make it ...
Taxes
Monarch Bhatt The glimpse of service tax proposals forms the subject- matter of this article. Nothing is certain but death and Tax- Benjamin Franklin 1. Economy may be good or bad, there may be any progress or not, there may be development or no...
Service Tax – Budget Highlights 2009
08th August 2009Monarch Bhatt The glimpse of service tax proposals forms the subject- matter of this article. Nothing is certain but death and Tax- Benjamin Franklin 1. Economy may be good or bad, there may be any progress or not, there may be development or no...
Taxes
V. S. Datey 1. Budget 2009 was presented before Parliament on 6-7-2009. The major changes in indirect taxes are summarised below: 2.1- No change in existing rate of service tax - Existing rate of service tax of 10 per cent continues unchanged. 2...
Major Changes In Indirect Taxes
29th July 2009V. S. Datey 1. Budget 2009 was presented before Parliament on 6-7-2009. The major changes in indirect taxes are summarised below: 2.1- No change in existing rate of service tax - Existing rate of service tax of 10 per cent continues unchanged. 2...
Legal
Sukumar Mukhopadhyay Member Cbec (Retd.) 1. A very recent judgment of the Delhi High Court holding that renting of immovable property is not a service has created interest among taxpayers, analysts and economists. Both conceptually and legally, there a...
Renting Of Immovable Property Is Service
02nd July 2009Sukumar Mukhopadhyay Member Cbec (Retd.) 1. A very recent judgment of the Delhi High Court holding that renting of immovable property is not a service has created interest among taxpayers, analysts and economists. Both conceptually and legally, there a...
Taxes
Sukumar Mukhopadhyay Member Cbec (Retd.) 1. A very recent judgment of the Delhi High Court holding that renting of immovable property is not a service has created interest among taxpayers, analysts and economists. Both conceptually and legally, there a...
Renting Of Immovable Property Is Service
02nd July 2009Sukumar Mukhopadhyay Member Cbec (Retd.) 1. A very recent judgment of the Delhi High Court holding that renting of immovable property is not a service has created interest among taxpayers, analysts and economists. Both conceptually and legally, there a...
Legal
K. Kumar 1. It has been emphasized time and again by the Highest Court of the country that Judicial discipline demands that a Bench of the High Court must follow the decision of an earlier Bench of equal jurisdiction of the same High Court. The Bench may...
Judicial Propriety In Income-Tax
18th June 2009K. Kumar 1. It has been emphasized time and again by the Highest Court of the country that Judicial discipline demands that a Bench of the High Court must follow the decision of an earlier Bench of equal jurisdiction of the same High Court. The Bench may...
Legal
K. Kumar 1. It has been emphasized time and again by the Highest Court of the country that Judicial discipline demands that a Bench of the High Court must follow the decision of an earlier Bench of equal jurisdiction of the same High Court. The Bench may...
Judicial Propriety In Income-Tax
18th June 2009K. Kumar 1. It has been emphasized time and again by the Highest Court of the country that Judicial discipline demands that a Bench of the High Court must follow the decision of an earlier Bench of equal jurisdiction of the same High Court. The Bench may...