Govt notifies amendment in EPF Scheme to allow withdrawal of non-refundable advance (See 'TOG News')Railways activates two helplines 138 & 139 (See 'TOG News')DST launches nationwide exercise to map Covid19 solutions with R&D (See 'TOG News')RBI reduces repo rate; 3-month moratorium on all loans (See 'TOG News')Unbundling the Bundles (See 'THE INSIGHT')COVID - 19 - Goyal helms meet with e-commerce & logistics captains (See 'TOG News')Navy readies field nursing teams; quarantine facilities (See 'TOG News')RBI goes for 75 basis point cut in repo rate & 100 basis point cut in CRR + permits all lending institutions to grant 3 months moratorium on EMIs for all loans + no impact on assets classificationRBI liquidity injection goes up to 3.2% of GDPINTL - Property tax reimbursed to licensor & ultimately payable to municipal authority does not qualify as rate, tax, fee or cess coming under ambit of Section 43B(a): ITAT (See 'TOG Latest')I-T - Re-assessment is not tenable if AO has no tangible material to conclude there to be escapement of income & if there is no nexus between such belief & reasons recorded for such proceedings: HC (See 'TOG Latest')VAT - States are not empowered to treat transactions as constituting sale or purchase & taxable as such, merely by declaring them to be so, even if such transactions do not qualify as sale or purchase: HC (See 'TOG Latest')Service Tax - Charges for dishonouring of cheques collected by banks & recovered by assessee from clients are reimbursable expenses & are not includible in gross value for levy of service tax: CESTAT (See 'TOG Latest')
Tax on Go
Budget 2015
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