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Tax Scan Media is a online news portal for reporting all news, articles, judgments, Circulars, orders and notifications relating to Tax Laws in India.

Actived: Monday Jan 11, 2021

URL: https://www.taxscan.in/

Sale of SIM cards/Recharge Coupons at discounted rate to

In recent decision, the division bench of the Pune ITAT allowed the appeal of the Vodafone Cellular Ltd and held that the sale of SIM cards/recharge coupons at discounted rate to distributors is not commission and therefore not liable to TDS under section 194H of the Income Tax Act. The…

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Activity of Sale of SIM Card and Electronic Rechargeable

The New Delhi bench of Customs Excise and Service Tax Appellate Tribunal in the case of M/s Ascent Poly Films Pvt. Ltd vs. CCE Delhi-III wherein declared that activity of sale of SIM card and the electronic rechargeable coupon to the customers would not constitute Business Auxiliary Services.. In the instant case, the appellants challenged the order of the CCE (A), Delhi, wherein the

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No TDS u/s 194B on Prize won in Gift Coupons: ITAT [Read

The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) in the case of R.V.V. K. Peringanam v. Income-tax Officer held that where no consideration was paid by the assessee to participate in the gift coupons and the matter pertained to AY 2000-2001, the case was not covered u/s 194B of the IT Act.. The assessee made purchases of cloth from a shop and was given a certain number of price

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Key Highlights of Economic Survey 2019-20

The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2019-20 in the Parliament today. The Key Highlights of the Economic Survey 2019-20 are as follows:

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Newsletter - Taxscan | Simplifying Tax Laws

GST: Delhi Govt. waives off late fee on failure to furnish details of Outward Supplies in FORM GSTR-1 [Read Notification] Variations in Returns may result in cancellation of GST Registration: CBIC notifies 10 Significant Changes in CGST (Fourteenth Amendment) Rules 2020

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Local Body Tax on E-Recharge - taxscan.in

Bombay HC Strikes Down Levy of Local Body Tax on E-Recharge: Upholds Levy on SIM Cards & Recharge Coupons [Read Judgment] A division bench of the Bombay High Court, on Tuesday said that Local Body Tax (LBT) cannot be levied on E-Reacharge.

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Headlines - taxscan.in

Puducherry Govt waives off VAT on Helmet, Swatch Bharat Equipments & Power Tillers. AO cannot alter the profit declared in the Audited Account prepared under Companies Act for the purpose of sec. 115JB: Bombay HC [Read Judgment]

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Corporate Laws - Taxscan | Simplifying Tax Laws

CCI approves acquisition by Amazon.com in Future Coupons CA’s are not Authorized to Certify ITR as True Copy: ICAI issues FAQs [Read FAQs] MCA extends last date of filing of Form NFRA-2 [Read Circular]

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Newsletter - Taxscan | Simplifying Tax Laws

Delhi Govt. waives off late fee on failure to furnish details of outward supplies in FORM GSTR-1 but furnishes details in FORM GSTR-1 [Read Notification] GST: Delhi Govt. waives late fee for Taxpayers who fails to furnish Returns in FORM GSTR-3B by the due date [Read Notification]

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Income Tax - Taxscan

No Tax Deductible on Dealership for Sale of SIM Cards and Mobile Recharge Coupons: ITAT [Read Order] Receipt through Settlement of Shares is not ‘Business Income’ when it is done by settler of Trust by way of ESOP and not direct purchase from Market: Bombay HC [Read Judgment]

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