Shaleen Shah

Equalisation Levy is going to create a huge problem for startups

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January 2, 2017
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[Source: www.forbesindia.com] Tax lawyer Nishith Desai believes the Equalisation Levy, also known as ‘Google Tax’, will have important repercussions for the Indian startup ecosystem As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of India (IAMAI) and law firm Nishith Desai Associates, in a

CBDT Norms for Selection of Scrutiny Cases in FY 2013-14

August 6, 2013
CBDT has issued Instruction No.10/2013 dtd. 05-Aug-2013 announcing the selection norms for mandatory scrutiny of cases.  The following cases will be covered under compulsory scrutiny: (a) Cases where value of international transaction as defined u/s 92B of IT Act exceeds Rs. 15 crores. (b) Cases involving addition in an earlier
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Income Tax Return due date extended to 5-Aug

July 31, 2013
The CBDT has issued a Press Release stating that the due date for filing of returns u/s 139(1) of the Income-tax Act, 1961 is extended to August 5, 2013 PRESS INFORMATION BUREAU GOVERNMENT OF INDIA AS A MEASURE OF TAXPAYERS CONVENIENCE, LAST DATE OF FILING OF RETURNS EXTENDED TO 5TH
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Service tax: Restaurants & Hotels see a ray of hope

July 23, 2013
[By Shaleen Shah (Partner), VNCA] The Kerala High Court recently declared the imposition of service tax by the Centre on supply of food and beverages by restaurants and services of lodging provided by hotels as "unconstitutional". A single bench of Justice AM Shafique passed the order while allowing a batch
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Even as India grapples to get States on board for GST, US Senate Passes Internet Sales Tax Legislation

May 13, 2013
[Source: www.accountingtoday.com; Author: Michael Cohn] The Senate has approved legislation requiring online retailers to collect sales taxes from Internet sales, even if they don’t have a physical presence in the state where the customer resides. The Marketplace Fairness Act has attracted wide support from brick-and-mortar retailers who have seen shoppers
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Recent Service Tax Updates

April 17, 2013
Due date for filing ST-3 Return for the period July- Sept’12 extended till 30th April, 2013 Considering the difficulties in filing returns, causing inconvenience to the assessee, the CBEC has revised the due date of filing ST-3 Return. [Order No. 02/2013 ST dated 12.04.2013] Erection of pandal or shamiana is
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