NewsTaxIndia, Author at NewsTaxIndia

Service Tax Cannot be Levied on Sale of Flats under Construction

September 30, 2016 NewsTaxIndia0 comments840 views

Delhi High Court: Service Tax Cannot be Levied on sale of Flats under construction when value of Land is also included in the price of Flats Suresh Kumar Bansal vs Union Of India & Ors. on 3 June, 2016 IN THE HIGH COURT OF DELHI … Continue Reading →

RBI

W.E.F. 01-01-2017 Aadhaar Based Authentication for Debit/creditCards Transactions

September 30, 2016 NewsTaxIndia0 comments1408 views

W.E.F. 01-01-2017 Aadhaar Based Authentication for Debit/Credit Cards Transactions RBI/2016-17/70 DPSS.CO.PD No.892/02.14.003/2016-17 September 29, 2016 A reference is invited to our circular dated November 26, 2013 on Security and Risk Mitigation Measures for Card Present Transactions wherein the banks were advised that all new card present infrastructure … Continue Reading →

RBI

W.E.F. 01-01-2017 Aadhaar Based Authentication for Debit/creditCards Transactions

September 30, 2016 NewsTaxIndia0 comments1440 views

Income Tax

Non PAN Assessee: Income Declaration Scheme 2016

September 30, 2016 NewsTaxIndia0 comments614 views

Income Declaration Scheme 2016 for Non PAN Assessee: CBDT Instruction No.10 of 2016 F.No.142/8/2016-TPL dated 28th September, 2016 The Income Declaration Scheme, 2016 (the Scheme) has come into effect from 1st June, 2016 and is open for declarations upto 30.09.2016. During the video conference held on 24.09.2016, … Continue Reading →

Customs

Revised Monetary Limits for adjudication in Central Excise and Service Tax

September 30, 2016 NewsTaxIndia0 comments1528 views

CBEC Circular No. 1049/37/2016-CX F. NO. 267/40/2016-CX.8 dated 29th September, 2016 Sub: Revised Monetary Limits for adjudication of Show Cause Notice in Central Excise and Service Tax-reg. 1.Kind attention is invited to the following circulars issued by the Board regarding adjudication of cases in Central … Continue Reading →

Customs

Revised Monetary Limits for adjudication in Central Excise and Service Tax

September 30, 2016 NewsTaxIndia0 comments2682 views

Customs

Discontinuation of Practice of making manual debits on physical copy of Advance Authorizations

September 30, 2016 NewsTaxIndia0 comments1064 views

Discontinuation of Practice of making manual debits on physical copy of Advance Authorizations registered at EDI Customs port CBEC INSTRUCTION F.No.605/30/2015-DBK dated the 28th September, 2016 It was brought to Board’s notice that even for Advance Authorizations registered electronically at EDI Customs location i.e. where … Continue Reading →

Customs

Discontinuation of Practice of making manual debits on physical copy of Advance Authorizations

September 30, 2016 NewsTaxIndia0 comments907 views

Service Tax

No Service Tax on Advancement of Yoga [01-07-2012 to 20-10-2015]

September 29, 2016 NewsTaxIndia0 comments645 views

CBEC Notification No. 42/2016-ST 26-09-2016: According to a practice that was generally prevalent, there is non-levy of service tax on the services by way of advancement of yoga provided by entities registered under section 12AA of Income-tax Act, 1961 (43 of 1961) and this service was liable to service … Continue Reading →

Service Tax

No Service Tax on Advancement of Yoga [01-07-2012 to 20-10-2015]

September 29, 2016 NewsTaxIndia0 comments639 views