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TMI - e-Newsletter TaxTMI Excess Input Tax Credit penalty appeal dismissed... TaxTMI Income Tax Assessment Notice Issued by... 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 Undisclosed investments, agricultural land... TaxTMI Taxpayer's victory: AO's order upheld, PCIT's... TaxTMI Non-resident Singapore firm's software licensing... TaxTMI Excessive transport expenses deduction and TDS... TaxTMI Importer imports "Ground Colemanite (B2O3 40%)... TaxTMI Bank penalized for delayed reporting of high-value... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

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May 18, 2015 Suresh Prabhu Chairs the First Meeting of Newly Constituted Advisory Board of Railway Finances May 18, 2015 Pay IT dues in advance at RBI or at authorised bank branches May 18, 2015 Is India ready for full Capital Account Convertibility? (Address by Shri G Padmanabhan, Executive Director at MSNM Besant Institute of PG Management Studies, Mangalore on May 16, 2015) May 18, 2015 Job Creation in Industry and Services is important for overall prosperity - Arvind Panagariya May 18, 2015 NITI Aayog Website Launched May 18, 2015 RBI Reference Rate for US $ May 18, 2015 Government betters its own Financial Targets During 2014-15; Fiscal Deficit for the Financial Year 2014-15 stands at 4.0 % as against the Target of 4.1 % while Revenue Deficit for FY 2014-15 stands at 2.8% as Against Target of 2.9% ; May 16, 2015 Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified May 15, 2015 Shri M.J. Joseph Appointed as Controller General of Accounts May 15, 2015 Twelth meeting of the Financial Stability and Development Council (FSDC) held under the Chairmanship of the Union Finance Minister; May 15, 2015 India’s Foreign Trade (Merchandise): April, 2015 May 15, 2015 Japan’s Official Development Loan Assistance to India for an Amount of Yen 21.787 Billion (Rs. 1165 crore approx.) for the Odisha Transmission System Improvement Project May 15, 2015 RBI Reference Rate for US $ May 14, 2015 Tax evasion by corporates rising: Court May 14, 2015 SC upholds constitutional validity of Company Tribunals May 14, 2015 Index Numbers of Wholesale Price in India (Base: 2004-05=100) May 14, 2015 RBI Reference Rate for US $ May 14, 2015 THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX Act, 2015 May 13, 2015 RBI Reference Rate for US $ May 13, 2015 Approval to amend the Benami Transactions (Prohibition) Act, 1988

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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...