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TMI - e-Newsletter TaxTMI Excess Input Tax Credit penalty appeal dismissed... TaxTMI Transport agency's bundled services disqualify it... TaxTMI Taxman overreached by turning limited scrutiny into... TaxTMI Genuine anonymous donations not taxable. Grants not... TaxTMI Property investment source verification not valid... TaxTMI Income Tax Assessment Notice Issued by... TaxTMI Freight charges paid to foreign shipping co. not... TaxTMI Massive financial fraud via sham deals to launder... TaxTMI Excessive delay in issuing show cause notice &... TaxTMI Rectification: Show Cause Notice quashed for period... TaxTMI Investor locked into long-term capital gains bonds;... TaxTMI Funds received by assessee overlooked during... TaxTMI Cash deposits explained through VAT returns, cash... TaxTMI Customs duty dispute: Imported goods classified as... TaxTMI Appointment of adjudicator for corporate penalties... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

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February 23, 2016 Investiture Ceremony and Annual Central Excise Day-2016 February 23, 2016 RBI Reference Rate for US $ February 23, 2016 Text of PM's statement to Media ahead of the Budget Session of Parliament February 23, 2016 Finance Minister Shri Arun Jaitley inaugurates an exhibition on the “Coin and Currency of India” in the Great Hall of North Block; Exhibition depicts how money has changed in appearance and substance and evolved from barter to coins to the present day bank notes and e-money February 22, 2016 Summary of the Electronic Consultation with the Technical Advisory Committee on Monetary Policy: January 2016 February 22, 2016 Collection of Authority Slips for Economic Survey and General Budget on 23rd and 24th February, 2016 February 22, 2016 RBI Reference Rate for US $ February 22, 2016 Total transfer of funds to States is estimated to be at ₹ 8.36 lakh crore during 2015-16 (B.E.)as against ₹ 6.77 lakh crore during 2014-15 (RE) and ₹ 6.36 lakh crore during 2013-14;. ₹ 1,72,594 crore already allocated to States till January 2016 as part of Central share towards State plan/ Centrally Sponsored Schemes(CSS) under different sectors and programmes ; ₹ 4,11,681.66 crore (78.56%) released to the States by way of tax devolution February 22, 2016 Finance secretary: Present Government is fully committed to the principle of cooperative federalism both in the letter and spirit; More untied grants are now being given to the States; Allocation to States for local bodies increased from ₹ 87,519 crore under 13th Finance Commission to ₹ 2.87 lakh crore under the 14th Finance Commission. February 19, 2016 Clarification for implementation of FATCA and CRS February 19, 2016 Clarifications for implementation of FATCA and CRS February 19, 2016 Exchange Rate of Foreign Currency relating to imported and export goods notified February 19, 2016 The Central Government issues notification to reappoint Shri U.K. Sinha to the post of Chairman, SEBI February 18, 2016 Make In India Week concludes on a high note showcasing India’s manufacturing prowess Manufacturing, Design and Innovation has been brought to the centre stage – Amitabh Kant February 18, 2016 NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (Authorised to Registered) AMENDMENT RULES 2016 February 18, 2016 NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (Incorporation) Second AMENDMENT RULES 2016 February 18, 2016 Big Boost to the Railway Sector: CCEA approves construction of additional Railway lines February 18, 2016 Revenue Secretary Dr. Hasmukh Adhia: Forthcoming Union Budget 2016-17 would Aim to Promote Growth, Employment and Provide a Level Playing Field to Indian Domestic Manufacturers February 18, 2016 Online Subscriber Registration and contribution under NPS using eNPS platform February 18, 2016 Buyback of WPI-Linked Inflation Indexed Bond

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F: Stock damaged in recent floods

F: GST on Solar Plant

A: PENALTY ON DIRECTORS CONTRAVENING EXPORT REGULATIONS UNDER FOREIGN EXC...

A: Difference between “License” and “Royalty”

A: Penalty proceedings under Section 130 of the CGST Act cannot be initia...

N: Inland Container Depots for loading and unloading of goods - Seeks to ...

C: Guidelines to Stock Exchanges, Clearing Corporations and Depositories

T: Supreme Court Upholds Validity of Re-Assessment Notices Issued During ...

F: Transfer of ITC without filing ITC-02

F: assessment order

F: INTERMEDIARY SERVICES OR EXPORT SERVICES

H: Revision: Hospital receipts verified, partial refunds & fees paid subs...

F: ITC Issue in case of Acqusition of Company in Insolvency

H: Goods matched documents like e-way bill and invoices; detention order ...

H: Goods Inspection Matches E-Way Bill, Lack of Tax Evasion Intent Quashe...

H: Income tax reassessment validity: AO initiated proceedings u/s 147 ins...

H: Reassessment Rules Interpretation: Taxpayer Wins Over Accommodation En...

H: Sale-purchase loss disallowed unreasonably by tax officer, commercial ...

H: Building sale value can't determine depreciation; actual consideration...

H: Loan to equity conversion attracts income tax on excess share premium ...

H: Property purchase: Joint owners pay via banking channels before regist...

H: Tax exemption limit for leave encashment: Local authorities' employees...

H: Tax assessments beyond 6-year limit quashed, satisfaction note lacked ...

H: Cash found in lockers linked to temple trust and educational foundatio...

H: Microphone Tech Classification: Functionality Over Technology.

H: Exemption from Social Welfare Surcharge on duty-free imports via scrips.

H: Claim for performance pay not an operational debt under IBC; Multiple ...

A: Director Identification Number

A: No GST is applicable for the services provided by the Director under p...

A: Income Tax Act Revamp (Comprehensive Review): Status and Suggestion on...