![Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]")
Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]
In a recent ruling, the Rajasthan High Court held that the interest earned on Fixed Deposit receipts used by the assessee as borrowing margin money...
![Rajasthan HC confirms 12.5% VAT on ‘Shower to Shower, ‘Listerine Mouthwash’, says ‘Savlon’ is drug and Taxable at a Lower Rate [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Shower-to-Shower.jpg "Rajasthan HC confirms 12.5% VAT on ‘Shower to Shower, ‘Listerine Mouthwash’, says ‘Savlon’ is drug and Taxable at a Lower Rate [Read Judgment]")
Luxury Tax is payable on the Rent on Leasing Out of ‘Lawns’ by the Hotels: Rajasthan HC [Read Judgment]
In a significant ruling Assistant Commissioner v. M/s Raj Mahal Palace Hotel, the Rajasthan High Court held that the rent collected by the hotels on leasing out of lawns for the purpose of functions...
Contribution to Provident Fund under the ESI Act paid after Due Date is allowable as Deduction: Rajasthan HC [Read Judgment]
In the case M/S Central Office Mewar Palace Organization Pvt. Ltd., City Palace, Udaipur V. The Joint Commissioner of Income-Tax, Udaipur, the division bench of the Rajasthan High Court held that the...
Membership in Stock Exchange is not a ‘Capital Asset’ for the purpose of Income Tax Act: Rajasthan HC [Read Order]
In the case, Shri Ashok Gupta v. CIT, the division bench of the Rajasthan High Court held that the membership in Stock Exchange cannot be treated as a capital asset within the meaning of section 2(14)...
![Membership in Stock Exchange is not a ‘Capital Asset’ for the purpose of Income Tax Act: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Membership in Stock Exchange is not a ‘Capital Asset’ for the purpose of Income Tax Act: Rajasthan HC [Read Order]")
![Lessor of Vehicle is entitled for Depreciation under Income Tax Act: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Rajasthan-High-Court-Taxscan.jpg "Lessor of Vehicle is entitled for Depreciation under Income Tax Act: Rajasthan HC [Read Order]")
No TDS on Deemed Dividend to a concern in which Shareholder of Assessee Company is a member as Partner: Rajasthan HC [Read Judgment]
In the case, CIT Jaipur Vs. M/s. Sunny Developers Pvt. Ltd, the division bench of the Rajasthan High Court categorically held that TDS under section 194 of the Income Tax Act is not applicable to...
![No TDS on Deemed Dividend to a concern in which Shareholder of Assessee Company is a member as Partner: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Tax-dedution-at-source-TDS-Tax-Scan.jpg "No TDS on Deemed Dividend to a concern in which Shareholder of Assessee Company is a member as Partner: Rajasthan HC [Read Judgment]")
![Rajasthan HC confirms 6% Tax on Ayurvedic Medicine ‘Swad Tablet’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Swad-Tablet-Taxscan.jpg "Rajasthan HC confirms 6% Tax on Ayurvedic Medicine ‘Swad Tablet’ [Read Order]")
Rajasthan HC confirms 4% VAT on Batteries supplied to Army for Radio Communication Receivers [Read Order]
The single bench of Rajasthan High Court has confirmed 4% VAT on batteries supplied to Indian Army for the purposes of Radio Communication Receivers (RCRs). The Assessee M/s Marathon India Ltd is the...