Brokerage Not Deductible In Computing Income From House Property Case Law Citation:- Radiant Premises Pvt. Ltd vs. ACIT (ITAT Mumbai); ITA No.5494/Mum/2013; Date of Pronouncement 05.06.2015; Assessment Year: 2010-11 Brief of the Case:- The brokerage paid to the third party has nothing to do with the rental income paid by the tenant for enjoying the […]
Service Tax Refund On Expenses Incurred Beyond Factory Gate Relief to the Exporters: Refund of service tax on expenses incurred beyond factory gate World economy over last few years has been very sluggish and more so Indian economy. The impact on Indian economy could be witnessed in the form of declining exports from India. This […]
Customs Valuation – Significant amendments in SVB procedures Import of goods are liable to Customs duty and are subject to scrutiny by the by Customs authorities. Further, imports from the ‘related parties’ are specifically scrutinised by the Customs Authorities to ensure that relationship between the parties have not influenced the value of import and the […]
Service Tax implications on Land Development Agreements between landlord and developers In case of a Real estate and construction industry, where due to various political and economical reasons we have seen that there is a sharp downturn being noted in the sale of residential and commercial construction projects irrespective of fact that the prices of […]
BASIC CONCEPTS OF GST Challenges for GST Implementation Any change in taxation is difficult to implement, and in a federal republic like India where states are as powerful as they are, problems get compounded.