Notification & Circulars

tour operators

PRESS RELEASE The Central Government has increased the rate of abatement to 75% for the purpose of levy of service tax on taxable services provided by tour operators in relation to package tours. To this effect,..

Posted in Service Tax

Foriegn Direct Investments Proposals

The hon'ble Finance Minister has approved 17 Foreign Direct Investment proposals recommended by Foreign Investment Promotion Board (FIPB) in its meeting held on 31st August, 2007. The approval amounts to Rs. 284.7695 crore. The proposals are related to Ministries /Departments..

Posted in Community & General

Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2007.

FINANCE DEPARTMENT Mantralaya, Mumbai 400 032, dated the 10th August 2007 NOTIFICATION Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2007. No. VAT-1507/CR-57/Taxation-1. - In exercise of the powers conferred by sub-section (2) of section 1 of the Maharashtra Tax Laws (Levy, Am..

Posted in VAT

Submission of Audit Report in Form 704 for the year 2005-06.

8th floor, Vikrikar Bhavan, Mazgaon, Mumbai-400 010. TRADE CIRCULAR To ............................................. ............................................. No.VAT/MMB-1006/152/Adm-3 &nb..

Posted in VAT

Revised CST Forms

Posted in Community & General

Amenesty Scheme

&nbs..

Posted in Community & General

Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07

RBI/2007-2008/101DBS.ARS.BC. No. 3/ 08.92.001/ 2007-08 July 25, 2007 To,The Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBI Dear Sir/Madam, &nb..

Posted in Community & General

Profession Tax

Circular No: 16 Date of Issue: 18/2/1969 Section(s) Referred: 37(1) Statute: Income-Tax Act [15] Professional tax-Admissibility of professional tax as revenue expenditure under section 37(1) of I.T. Act, 1961. It has been represented to the Board that the professional tax is not being allowed ..

Posted in Community & General

CBDT Order of Extension

October, 24th 2006 F.No. 133/38/2006-TPL (Pt) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 24th October, 2006 Order under Section 119 of the Income Tax Act In exercise ..

Posted in Audit

Business Expenditure

Jt. C.I.T. Vs. Mukund Ltd. 02/15/2007 [2007] 291 ITR 249 (MUMBAI)[SB] Case Fact: Whether Non-refundable `Premium` paid for obtaining land on lease of 99 years at the annual rent of Re. 1 for factory use in industrial area to State Development Corporation is advance rent? Decision: Held by the Hon`bl..

Posted in Income Tax