CBDT issues note to Income
tax Department Mumbai, directs Dept. to file affidavit before Bombay HC that
STT shall be applicable to delivery based derivative transactions; CBDT takes a
view that transaction of derivative contract being settled by physical delivery
of shares is not any different from transaction in equity shares where contract
is settled by actual delivery or transfer of shares ; Therefore,
CBDT instructs Dept. to clarify to HC that the rates of STT as applicable
to delivery based equity transactions shall also be applicable to such
derivative transaction; States that legal mandate of STT is
wide enough to cover these transactions
Subscribe to:
Post Comments (Atom)
P & H HC stays the operation of Circular clarifying taxability of corporate guarantee
This Tax Alert summarizes a recent interim order [1] passed by the Punjab & Haryana High Court (HC) staying the effect and operation ...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
1. Introduction: Every trust/charitable society/ NGO that wishes to claim the tax exemption benefits has to file Form 10A to seek fresh re...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
NECESSITY : Sometimes, in view of the expansion of the business, multiple increase in turnover and need for getting finances from the ...
-
Earlier this year, the Mauritius Government approved the amendment to the India – Mauritius tax treaty, aligning it with the proposal of th...
-
Filing income tax returns (ITR) within the specified timelines under the Income-tax Act is not just a legal obligation but also crucial fo...
-
This Tax Alert summarizes a recent instruction issued by the SEZ Division, Department of Commerce, clarifying various concerns relating t...
-
This Tax Alert summarizes a recent judgement of the Delhi High Court (HC) [1] dealing with the issue of denial of input tax credit (ITC) ...
-
On 25 April 2024, the Hon’ble High Court of Karnataka delivered a judgement (W.P. No.18486/2012 and others) striking down the special prov...
-
Section 17(5)(c) and (d) of the Central Goods and Services Tax Act, 2017, blocks input tax credit for works contract services, goods or serv...
No comments:
Post a Comment