Carry Forward and Set Off of Losses whilst one endeavors to derive earnings, the opportunity of incurring losses cannot be dominated out. based at the ideas of herbal justice, a fixed-off must be to be had for loss incurred. The earnings tax legal guidelines in India comprehend this and offer for adjustment and utilisation of […]
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 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 ? 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 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,