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Manufacture of Encryption Software Eligible for Deduction u/s 80-1B: Himachal HC [Read Judgment]

In a recent judgement of the High Court of Himachal Pradesh, Manufacturing of Encryption Software was held eligible to deductions under section 80-1B...

An Order of Compulsory Purchase u/s 269-UD(1) of Income Tax Act cannot be Challenged before the HC...

No VAT on Sale of Demo Cars: Delhi HC [Read Order]

Sec 12AA Registration cannot be Denied to a Trust Merely on Ground of Absence of Dissolution Clause...

Tax Board can direct Assessees to appear before Commissioner of Commercial Taxes by invoking Sec 85...

GST Council Approves Constitution of Sectoral Groups on GST

The Goods and Services Tax (GST) Council in its 14th meeting held on 18-19 May, 2017 approved the constitution of eighteen sectoral groups to ensure smooth roll-out of GST. The Council has received...

SEBI asks Listed Companies to Disclose Loan Defaults within One Working Day [Read Circular]

The Securities and Exchange Board of India (SEBI) asked the listed Companies to disclose their defaults on payment of interest/ repayment of principal amount on loans from banks / financial...

6 new DRT started functioning in the financial year 2016-17, Total of 39 Functioning, says Santosh Kumar Gangwar

At present 39 Debt Recovery Tribunals (DRT) are functioning in the country. Government had decided to open six new DRT at Ernakulam (Kerala), Bengaluru (Karnataka), Hyderabad (Telangana), Dehradun...

DRT - Function - Santhosh Kumar - Taxscan

Income Tax Dept invites Application for Special Public Prosecutors

The Income Tax department has invited applications from advocates for the post of Special Public Prosecutors to represent the Income Tax Department before Courts of Session and its subordinate Courts...

Sushil Chandra - CBDT - IRS Officer - Taxscan

UAE’s Federal Tax Authority to Host Workshops on VAT

The Dubai Chamber of Commerce and Industry will host two workshops on VAT in Dubai in association with UAE’s Federal Tax Authority (FTA). This is to provide necessary guidelines for businessmen to...

CBEC enumerates Functions of Director General of GST [Read Office Order]

The Central Board of Excise and Customs (CBEC) issued an Office Order specifying the functions entrusted to the Director General of Goods and Services Tax (DGGST) under the new indirect tax regime. ...

GST beneficial to Coal Consumers, says Piyush Goyal

In pre GST regime there was Excise Duty on Coal @ 6% , Stowing Excise Duty @ Rs. 10 per tonne of coal production, VAT@ 5% (on intra-state sale), Central Sales Tax @ 2% (on inter-state sale, on...

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