Monthly Archives: July 2016

Income Tax audit under section 44AB

Income Tax audit under section 44AB
Articles deals with Tax Audit Provisions in India. It explains what’s tax audit, goal of tax audit, who is compulsorily required to get his money owed audited, What are form Nos. 3CA/3CB and 3CD, Due Date for Tax Audit, penalty for now not getting the accounts audited as required

Personal properties of directors can’t be attached to recover sales tax due of company

Personal properties of directors can’t be attached to recover sales tax due of company
Akil Kureshi, J. – Leave to delete petitioner no.1. The remaining petitioners have prayed for quashing and setting aside an order dated 9.11.2015 passed by the respondent no.1 attaching their immovable properties for a possible valued added tax dues of R.

Is Chilling of milk not liable for Service Tax ?

Is Chilling of milk not liable for Service Tax ?
1.The appellant is engaged in chilling of milk for M/s. Jaipur Zila Dugdh Utpadak Sahakari Sangh Ltd.
2. Ld. Advocate argued that as per Chapter Note 6 of Chapter 4 of Central Excise Tariff the process of chilling of milk amounts to manufacture and therefore

Refund of CENVAT Credit in case of 100% exporter of services

Refund of CENVAT Credit in case of 100% exporter of services
Held
Since in the present case, 100% services are exported therefore total turnover and exports turnover will come to the same amount and accordingly entire Cenvat credit availed by the appellant irrespective of any period shall become refundable,

Presumptive earning under income Tax Act, 1961

Presumptive earning  under income Tax Act, 1961
Presumptive earnings is the idea introduced with the aid of the earnings Tax department beneath the Presumptive Taxation Scheme with a view to permit the assessee to disclose his profits on presumptive foundation under the relevant sections and their provisions thereof. allow us to understand them in detail.