www.csrajivbajaj.com THOUGHT OF THE DAY “While always looking for the good in others, you will find the good in yourself.” Law Updates: Revenue couldn’t deny sec. 80-IB relief once approval was granted by prescribed authority. Health-insurance of employees is used in or in relation to manufacture and is eligible for credit; however, premium attributable to families of employees does not have any nexus with manufacture and is not eligible for credit: CESTAT Chennai. CCI restrains 'Mahyco' from enforcing post-termination obligations under licence agreement till disposal of proceedings. Bandwidth charges couldn't be held as 'FTS' just because technical gadgets were made available for the purpose: Tribunal Delhi. Sum paid to UK Co. for seconded employees wasn't taxable as it already subjected to TDS as salary income: Tribunal Kolkata. PROFESSIONALS INPUTS: RBI vide Press Release dated 22 nd June, 2016 has said Resolving Stress in the Banking System and Restoring Credit Growth Vital to Growth Agenda. CBDT vide Press Release dated 22 nd June, 2016 amend the rule 114H of Income-tax Rules, 1962. SEBI vide Circular No. SEBI/HO/MRD/DP/CIR/P/2016/60 dated 22 nd June, 2016 has reviewed the framework of position limits for currency derivatives contracts. MARKET WATCH: SENSEX: 26765.65 -47.13 NIFTY: 8203.70 -16.20 SILVER: 41250.00 -105.00 GOLD (MCX): 30168.00 -128.00 USD/INR: 67.47 -0.01 CRUDE OIL: 3318.00 -35.00 CS Rajiv Bajaj 9811453353 [email protected]youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 23 rd June, 2016
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www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“While always looking for the good in others, you will find the
good in yourself.”
Law Updates:
Revenue couldn’t deny sec. 80-IB relief once approval was granted
by prescribed authority.
Health-insurance of employees is used in or in relation to
manufacture and is eligible for credit; however, premium
attributable to families of employees does not have any nexus with
manufacture and is not eligible for credit: CESTAT Chennai.
CCI restrains 'Mahyco' from enforcing post-termination obligations
under licence agreement till disposal of proceedings.
Bandwidth charges couldn't be held as 'FTS' just because technical
gadgets were made available for the purpose: Tribunal Delhi.
\
Sum paid to UK Co. for seconded employees wasn't taxable as it
already subjected to TDS as salary income: Tribunal Kolkata.
PROFESSIONALS INPUTS:
RBI vide Press Release dated 22nd June, 2016 has said Resolving
Stress in the Banking System and Restoring Credit Growth Vital to
Growth Agenda.
CBDT vide Press Release dated 22nd June, 2016 amend the rule
114H of Income-tax Rules, 1962.
SEBI vide Circular No. SEBI/HO/MRD/DP/CIR/P/2016/60 dated
22nd June, 2016 has reviewed the framework of position limits for