Finance Ministry notifies revised Double Taxation Avoidance Agreement (DTAA) between India & Cyprus [Read Notification]
Revised DTAA to come into effect in India in the fiscal year beginning on or after 1st April, 2017; Will enable source based taxation of capital...
Increase in Turnover due to use of Digital Mode of Payment Post Demonetisation is not a ground for Re-Assessment: CBDT [Read Circular]
The Central board of Direct Taxes (CBDT) recently directed its officials to avid re-opening of past assessment merely invoking the increase in turnover due to use of digital mode of payment post...
Activity of Co-Loader Service to other Courier agencies constitutes 'Business Auxiliary Service', Taxable: CESTAT Delhi
In a recent ruling, the Delhi bench of the CESTAT held that the activity of co-loader service to other courier agencies amount to Business Auxiliary Service and therefore, service tax is liable to be...
Deduction u/s 80P(4) is not allowable to Co-operative Marketing Society: Madras HC [Read Judgment]
In a recent ruling, the Madras High Court held that the deduction under section 80P(4) of the Income Tax Act, 1961 cannot be extended to a Co-operative Marketing Society since the same is confined to...
![Deduction u/s 80P(4) is not allowable to Co-operative Marketing Society: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg "Deduction u/s 80P(4) is not allowable to Co-operative Marketing Society: Madras HC [Read Judgment]")
