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TMI - e-Newsletter TaxTMI Excess Input Tax Credit penalty appeal dismissed... TaxTMI Transport agency's bundled services disqualify it... 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 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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June 8, 2016 RBI Reference Rate for US $ June 8, 2016 Joint Committee on the Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill, 2016 seek views and suggestions from various stakeholders and public on the provisions of the said Bill by 22nd June, 2016 June 7, 2016 Government of India and Asian Development Bank Sign $120 Million Loan Agreement to Modernize Irrigation and Improve Water Management in Odisha June 7, 2016 RBI Reference Rate for US $ June 7, 2016 Second Bi-monthly Monetary Policy, 2016-17: Governor’s Opening Remarks at the Press Conference June 7, 2016 RBI Reference Rate for US $ June 7, 2016 Second Bi-monthly Monetary Policy Statement, 2016-17 By Dr. Raghuram G. Rajan, Governor June 7, 2016 Auction for Sale (Re-issue) of Government Stocks June 7, 2016 Repayment of 12.30% Government Stock 2016 on July 02, 2016 June 3, 2016 Asian Development Bank (ADB) and Government of India Sign $200 Million Loan Agreement to Help Upgrade 176 Km of State Roads in State of Jharkhand June 3, 2016 Finance Minister to review the quarterly performance of Public Sector Banks (PSBS) on Monday, 6th June, 2016: FM to review banks’ performance in terms of over all credit growth, financial inclusion and perfomance of new initiatives of the present Government including PMJJBY,PMSBY,APY,MUDRA and stand up India among others June 3, 2016 Second Bi-monthly Monetary Policy Statement, 2016-17 on June 07, 2016 June 3, 2016 RBI Reference Rate for US $ June 2, 2016 RBI Reference Rate for US $ June 2, 2016 Ministry of Corporate Affairs issues notification for constitution of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT); Hon’ble Justice S.J. Mukhopadhaya, Judge (Retd.), Supreme Court of India joins as the Chairperson of the NCLAT while Hon’ble Justice M.M. Kumar, Judge (Retd.) joins as the President of the NCLT June 1, 2016 Kalraj Mishra lists two years achievements technology centres on a fast track 8 lakh udyog aadhar memorandum registrations in just 8.5 months June 1, 2016 Cabinet approves signing and ratification of Agreement between India and Qatar on Co-operation and Mutual Assistance in Customs Matters June 1, 2016 RBI Reference Rate for US $ June 1, 2016 India continues to remain a bright spot in world economy with robust macro-economic and fiscal parameters; May 31, 2016 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

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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...