CBEC has issued notifications no. 41 and 42 to provide relief to exporter of goods. Notification No. 41 grants rebate of service tax paid on the taxable services utilized by an exporter of goods for export. As per Notification No. 42, specified taxable services received by an exporter of goods and used for export of goods are exempt from payment of service tax subject to fulfillment of specified conditions and to the extent specified.
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ITAT: Property Received on Family Trust Dissolution Qualifies as ‘Devolution’, Long-Term Capital Gains Tax Applies
Under income tax law, when a capital asset is acquired by way of succession, inheritance or devolution, the cost of acquisition is deemed to...
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The Delhi High Court held that interest earned on funds temporarily parked in bank deposits during the project setup phase is capital in n...
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