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NEWS FLASH

Fixing virus in Sports: AG favours independent law in place of IPC amendments; Draft Legislation to be ready in few days: Sibal (See 'Breaking News')

CC - Exemption under Notification 71/2003 to units set up in Sikkim - Whether units are also exempted from payment of Education Cesses and NCCD - Writ dismissed: HC (See '2013-TIOL-438')

UIDAI launches Aadhaar based Iris Authentication, eKYC, One Time PIN New Services and Permanent Enrolment Centres (See 'Breaking News')

I-T - Whether DEPB credits should be considered for purpose of computing deductions under Ss 80IA and 80IB: HC (See '2013-TIOL-437')

India, USA & Australia join hands to develop climate-resilient crops (See 'Mixed Buzz')

I-T - Whether TDS liability gets affected in case a third person and not payer has actually availed of professional services rendered (See '2013-TIOL-395')

President urges every University to create at least one Department of Excellence (See 'Mixed Buzz')

Maoists attack Congress rally in Chhatisgarh; 17 killed, including senior leaders; V C Shukla injured by three bullets

R K Mathur takes over as New Defence Secretary

Sahar Airport Customs seizes about 6 kg of amphetamine worth Rs 6 Cr from Zambian pax; IGI Airport Customs seizes gold bangles worth Rs 41 lakh from Afghan pax

RIL + Cairn India notify Govt of new discovery of hydrocarbon

Noted singer T M Soundararajan passes away

3G issue: Govt for contempt against Idea Cellular for violation of court directive

Revised DTC Bill to be tabled in House during Monsoon Session: FM

EU Council calls for tougher stance on tax evasion (See 'Breaking News')

India, Australia wrap up another round of FTA talks (See 'Mixed Buzz')

870 terror agents nabbed with INTERPOL help since 2004 (See 'Mixed Buzz')

BCCI President Srinivasan under pressure to quit after son-in-law, owner of Chennai Super King, allegedly found involved in IPL fixing

CBDT issues transfer order of 27 ACIT/DCITs + reviews posting order of 67 AC/DCITs + also issues transfer order of 56 Addl / JCITs & Reviews posting order of 30 Addl /JCITs (See 'Transfer' in Pitara)

British Airways plane engine catches massive fire; makes emergency landing at Heathrow; Airport shut down

US stimulus withdrawal issue not to impact capital inflows into India: Montek

Cadre Review: CBDT ki gaddi chal pari but CBEC ki ... (See 'Insider' in Pitara)

Duty Free Shops at Airports to Sell Indigenous Goods - duty free (See 'DDT' Column)

Service tax on AC Restaurants - A peep into Legal Interpretation (See 'ST se GST tak' Column)

CX - S. 35B - Committee wisdom - Mere appending signatures in note sheet is not review - Revenue appeal rejected: CESTAT (See 'Breaking News')

Sending order-in-original through Speed Post is not proper service (See 'DDT')

Government notifies Narcotic Drugs and Psychotropic Substances (Regulation of Controlled Substances) Order, 2013 (See 'DDT')

CBEC Ombudsman at Ahmedabad (See 'DDT')

Union Cabinet okays CBDT's Cadre-restructuring Proposal; sanctions 1349 more posts for IRS, including at Apex level + 19402 non-IRS posts at additional cost of Rs 449.7 Cr annually

CBEC allows sale of excise duty-free goods manufactured in India through Duty-free shops at airports (See 'Breaking News')

Cabinet approves proposal to classify Malayalam as 'Classical Language'

Govt hikes MDA quota for export promotion (See 'Mixed Buzz')

Bottlenecks in development of road sector removed: CCI (See 'Mixed Buzz')

President administers oath to New CAG Shashi Kant Sharma at Rashtrapati Bhawan

India takes steps to synergise norms with EU New Standards for Import of Bulk Drugs (See 'Mixed Buzz')

Service Tax & the Cart before the bullock story (See 'DDT' Column)

Vodafone Tax Bill: A Good Case for Settlement by Agreement! (See 'The Cob(Web) Column)

Delhi Lokayukta indicts CM Sheila Dixit for govt fund misuse

60 Acts govern Indian financial sector; Need for New Financial Code: FM (See 'Mixed Buzz')

Holy grail of Tax avoidance - Ireland, a Tax Haven? (See 'DDT' Column)

Hydro Power: 534 MW commissioned out of 10900 MW targetted during 12th Plan (See 'Mixed Buzz')

IPL-fixing case: Income Tax probe begins in illegal cash transactions

PM says Indian economy is turning around; may exceed 6%

Ponzi Scam: FM admits regulatory gaps; says efforts on to tailor New Law

DDT (Daily Dose of Taxation)

With VIJAY KUMAR

Duty Free Shops at Airports to Sell Indigenous Goods - duty free
Published: May 24, 2013

View previous DDTs »

WHAT'S NEW

CUS	:	Not 30	NT 55	Cir 21
ADD	:	11	SG:	01
EX	:	Not 18, 19	NT 07 - 09	Cir 970
S.TAX	:	Not 10	Order 03	Cir 169
I-T	:	Not 34	Cir 04	ORDER
DGFT	:	Not 13	PN 13-14	Cir 16
RBI	:	Cir 106

<< More>>

BREAKING NEWS

New Delhi, May 26
UIDAI launches Aadhaar based Iris Authentication, eKYC, One Time PIN New Services and Permanent Enrolment Centres

New Delhi, May 26
Fixing virus in Sports: AG favours independent law in place of IPC amendments; Draft Legislation to be ready in few days: Sibal

Brussels, May 25
EU Council calls for tougher stance on tax evasion

Mumbai, May 25
Cus - on one hand, Commissioner(A) has recorded that confiscation u/s 111(m) is not sustainable but at same time directed appellant to pay duty on enhanced value - Matter remanded: CESTAT

Mumbai, May 24
I-T - Whether when assessee specialises in transforming raw food materials into therapeutic food by adopting customised processes, it cannot be denied Sec 80IB benefits - YES: ITAT

MIXED BUZZ

Washington, May 26
India, USA & Australia join hands to develop climate-resilient crops

Solan, May 26
President urges every University to create at least one Department of Excellence

Canberra, May 25
India, Australia wrap up another round of FTA talks

Lyon, May 25
870 terror agents nabbed with INTERPOL help since 2004

New Delhi, May 24
Port Projects: Security Agencies directed to comply with timelines approved for security clearance

<< More News >>

<< More Buzz >>

PUZZLE TO DAZZLE

by PUNIT PAVAN VED CA Assessee, a dealer, purchased shares on Mar 20, '11 and got dividend on Mar 25. On Mar 31, shares were valued at market rate which was obviously less by sum of dividend. Whether this mode of dividend stripping is still legal? Published: May 20, 2013
Post Answer »	View previous Puzzles »

THE COB (WEB)

by SHAILENDRA KUMAR

Vodafone Tax Bill: A Good Case for Settlement by Agreement!
Published: May 23, 2013

View previous 'The COB(Web)s'»

TIOL EDITORIAL

by TIOL EDIT TEAM

Usher in Tax & Allied Reforms in tourism-transport field to create jobs
Published: May 18, 2013

View previous Editorials»

ICE CUBES

by NARESH MINOCHA

Reinvent fiscal federalism to usher in economic efficiency & good governance
Published: May 15, 2013

View previous ICE CUBEs »

GUEST COLUMN

by Dr SAVITHRI SUBRAMANIAN

Business and Welfare in India: A Historical Perspective
Published: May 22, 2013

View previous Guest Column(s)»

ST se GST tak

by S SIVAKUMAR

Service tax on AC Restaurants - A peep into Legal Interpretation
Published: May 24, 2013

View previous ST se GST tak(s)»

View 'ST - New Law +VE or -VE' Articles»

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