The Sikkim High Court, in M/s Future Gaming & Hotel Services (P) Ltd v. UOI, has upheld the constitutionality of amendments brought through the Finance Act, 2016, which made service tax leviable on a person

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently allowed interest on refund under Section 244A of the Finance Act 2016 as a matter of fairness and equity. Upon perusal of the order

Relevant rules and forms in this regard notified. The Direct Tax Dispute Resolution Scheme, 2016 incorporated as Chapter X of the Finance Act, 2016, shall come into force on the 1st of June, 2016 and Declarations under this Scheme

The President has approved the interim budget 2019 finance bill has been assented to by the President on February 21 thereby making it an Act. By this, the proposals made in the budget announced by

Various Tax Exemptions have been given to Startups in the recent past - The following direct tax incentives were provided in Income Tax Act,1961 to promote Start-ups through Finance Act, 2016: Introduction of new section 54EE

The Finance Act, 2017 provided for merger of eight autonomous tribunals with other tribunals. The Act also gave the government the power to appoint and remove the members in another 17 such bodies. Part XVI

The Union Finance Minister Nirmala Sitharaman is all set to present her first budget today. The Union Budget Speech 2019 is expected to begin at around 11:00 am. Ahead of the Budget speech, the Finance

The Central Board of Direct Taxes ( CBDT ), has recently issued an explanatory note to the provisions of the Finance Act, 2018. The circular dated 26th December 2018 provides for a brief note on

The Central Board of Indirect Taxes and Customs has issued the clarification regarding the applicability of Social Welfare Surcharge on goods exempted from basic and other customs duties/cesses. The matter has been examined. Social Welfare

The Central Board of Indirect Taxes and Customs has renamed its official website to http://www.cbic.gov.in . With the implementation of the Finance Act, 2018, the Central Board of Excise and Customs has been renamed as Central

The amendment to the Prevention of Money Laundering Act ( PMLA ) made vide Finance Act 2018 regarding the property held outside Indian territory is applicable with effect from 19th April 2018, said a Notification

As the Government has notified the Finance Act 2018 which will be applicable from the very first day of the coming financial year, the following are some key takeaways from the Act. Following are the

In a significant decision, the Kerala High Court has ruled that, State Legislature did not have power to Amend the Kerala Value Added Tax Act ( KVAT Act ) which is not in existence after

The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) has held that payment of sub-contracting charges to subsidiary is liable to Tax Deduction at Source. The assesse, M/s.Infosys Limited is an Indian company,

In order to encourage professionalism in post-harvest value addition in agriculture, the Union Finance Minister Arun Jaitley proposed to allow hundred per cent deduction to companies registered as Farmer Producer Companies and having annual turnover