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Nicai Updates:

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  • Nicai Updates:

    Service Tax Exemption on room rent and serving of food and beverages in Uttarakhand from 17-09-2013 to 31-03-2014. [ Adhoc Exemption Order 1/1/2013 of 17-09-2013].

    Compulsory selection of cases for Scrutiny during financial year 2013-14 where exemption u/s 11 or 10(23C) claimed inspite of cancellation etc. [ Instruction 13 of 20-09-2013].

    Transport, hostel, housekeeping, canteen, security services etc provided to educational institutions exempt from Service Tax [Circular 172/7/2013ST of 19-09-2013].

    Banks to provide claim forms/put them on website for timely settlement of claims of legal heirs of deceased [RBI Circular of 03-09-2013].

    Consideration received by an advocated in form of land to undertake patta and layout of properties is taxable as capital gains and not as professional receipts [CIT Vs. J. Mahalingam (2013) 37 taxmann.com 38 (Madras High Court)].
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