Govt Approves Hike in Audit Fee Paid to Auditors of Head/Branch Offices of RRBs
The Central Government has decided to increase audit fee being paid to auditors of head/branch offices of regional rural banks (RRBs). Recently, C A...
![Reimbursement of Credit Card Payments Incurred by Director on behalf of the Company during Foreign Visits is not Taxable as Perquisite: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Credit-Card-Payments-Taxscan.jpg "Reimbursement of Credit Card Payments Incurred by Director on behalf of the Company during Foreign Visits is not Taxable as Perquisite: ITAT [Read Order]")
![ITAT confirms Penalty since Assessee failed to Prove Genuineness of Cash Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "ITAT confirms Penalty since Assessee failed to Prove Genuineness of Cash Deposits [Read Order]")
![ITAT Confirms Addition since Assessee Received Rent in Cash to avoid Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "ITAT Confirms Addition since Assessee Received Rent in Cash to avoid Tax Liability [Read Order]")
Payment of Non-Competent Fee is Capital Expenditure since Assessee obtained an Advantage of an Enduring Nature: Delhi HC [Read Judgment]
A division bench of the Delhi High Court recently observed that no expenditure can be allowed in respect of non-competent fee since assessee obtained an advantage of an enduring nature as per the...
![Payment of Non-Competent Fee is Capital Expenditure since Assessee obtained an Advantage of an Enduring Nature: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Non-Compete-Fee-Taxscan.jpg "Payment of Non-Competent Fee is Capital Expenditure since Assessee obtained an Advantage of an Enduring Nature: Delhi HC [Read Judgment]")
Assessee Paying Tax at Compounded Rate can Claim ITC for Purchases made from Beginning of the year when TO Exceeds 50 Lakhs: Madras HC [Read Order]
The Madras High Court recently ruled that the Assessee, who was paying tax at compounded rate can claim Input tax credit for the purchases made from the beginning of the year when its turnover exceeds...
![Assessee Paying Tax at Compounded Rate can Claim ITC for Purchases made from Beginning of the year when TO Exceeds 50 Lakhs: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Input-Tax-Credit-Taxscan.jpg "Assessee Paying Tax at Compounded Rate can Claim ITC for Purchases made from Beginning of the year when TO Exceeds 50 Lakhs: Madras HC [Read Order]")
![GST: Madhya Pradesh HC Dismisses Plea against Levy of Tax on Confectionery Items [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Confectionary-Items-Taxscan.jpg "GST: Madhya Pradesh HC Dismisses Plea against Levy of Tax on Confectionery Items [Read Order]")
Co-operative Societies cannot use the word “Bank” in their Name, cannot Accept Deposits from Non-Members: RBI
The Reserve bank of India, on Wednesday said that the Co-operative Societies cannot use the word Bank in their names since it is a violation of Section 7 of the Banking Regulation Act, 1949 (As...
Non-Contest in Proceedings relating to Non-Payment of Service Tax can’t be a Ground for Levying Penalty: Delhi HC [Read Order]
In a major relief to M/s Indian Railway Finance Corporation, a division bench of the Delhi High Court held that penalty under section 78 of the Finance Act, 1994 cannot be levied merely on ground that...
![Non-Contest in Proceedings relating to Non-Payment of Service Tax can’t be a Ground for Levying Penalty: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Service-Tax-Taxscan.jpg "Non-Contest in Proceedings relating to Non-Payment of Service Tax can’t be a Ground for Levying Penalty: Delhi HC [Read Order]")
GST Exemption on Disbursement of VGF: Govt Notifies Date of Commencement of Operations at Various RCS Airports till Oct 10 [Read Notification]
The Ministry of Civil Aviation has notified the date of commencement of operations at various RCS Airports till 31.10.2017 in connection with the Service tax/ Goods and Services Tax exemption GST on...
![GST Exemption on Disbursement of VGF: Govt Notifies Date of Commencement of Operations at Various RCS Airports till Oct 10 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/12/GST-Exemption-Taxscann.jpg "GST Exemption on Disbursement of VGF: Govt Notifies Date of Commencement of Operations at Various RCS Airports till Oct 10 [Read Notification]")