Please turn JavaScript on
Homepage
TrendingMy newsFind FeedsDelivery settingsPlansMy earnings
HelpBlog
Log in
Find more feeds

Tax Updates - Daily Update

Want to know the latest news and articles posted on Tax Updates - Daily Update?

Then subscribe to their feed now! You can receive their updates by email, via mobile or on your personal news page on this website.

See what they recently published below.

Website title: TaxTMI - One stop solution for Tax Laws

Is this your feed? Claim it!

Publisher:  Unclaimed!
Message frequency:  82.96 / day

Message History

Cum-tax valuation: invoices showing tax separately prevent cum-tax benefit; tax and interest payable, penalty relief...
Invoices that expressly showed service tax separately preclude claiming cum-tax valuation under Section 67(2); non-payment of tax by the tenant did not absolve the supplier, who remained liable to discharge tax on the gross invoice amount and interest, while recovery should have been pursued by debit/credit note or other lawful means. The appellant's pre-show-cause payment of du...

Read full story
Renting of immovable property exclusion: leased hotel premises remain excluded as buildings used for accommodation; ...
Leased premises used as a hotel, though containing a restaurant, banquet and conference halls, bar and health club, qualify as a building used for accommodation and thus fall within the renting of immovable property exclusion; the Tribunal found those facilities to be integral or incidental to hotel activity rather than separate commercial deployments and held that Explanation 2...

Read full story
Round tripping found where overseas WOS used to obtain foreign borrowings and reinvest in domestic group, penalties ...
Round tripping via two wholly owned overseas subsidiaries was held to contravene the prohibition on unauthorised foreign exchange transactions where subsidiaries were used to obtain foreign borrowings and reinvest in Indian group companies rather than to carry on bona fide overseas business; the statutory outward investment regime permits overseas JV/WOS only where bona fide act...

Read full story
Proceeds of crime includes property value or equivalent, allowing attachment even if the holder is not accused.
Proceeds of crime includes the value of tainted property and its equivalent, permitting provisional attachment even if the property holder is not accused; the tribunal applied the 'value of any such property' limb and treated bank deposits, confessional statements and corroborative seizures as sufficient material to form 'reason to believe', rejecting explanations of family tran...

Read full story
Lease Deed validity denied where unauthorized execution and no proof of consideration; disputed asset excluded from ...
The Lease Deed dated 24.09.2007 was held unenforceable because it was not executed by persons shown to be authorised to bind the purported grantors and because the Corporate Debtor failed to prove payment of the upfront consideration and lease rent; absence of bank debits and other admissible evidence defeated the claimed transfer of leasehold rights. The Adjudicating Authority ...

Read full story