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Can any economist or any financial guru from the world forum can explain that how many times the trillion and billion dollars will be used to buy the defaults. We spent trillion dollars tax savers money to Buy Smile on the face of world financial markets.
The European economies were very happy after getting the bailout of around one trillion dollars. It was enough to buy up the debts and save the economy from the verge of death. The world stock markets were happy and were celebrating Christmas due to the revival package poured in to the cup of Greece and other European debt burden economies.
Manufacturers who have paid Central Excise duty of Rs. 10 Lakh or more (including payment by utilisation of Cenvat credit) in the previous financial year shall file their Annual Financial Information Statement (ER4) as prescribed under the proviso to clause (a) of sub rule (2) of Rule 12 of the Central Excise Rules, 2002,electronically.
Nomination is the process of appointing a person to take care of your assets in the event of your death. You can appoint a nominee for your bank account, fixed deposit, demat account, or even your house. A nominee could be a family member or a friend or any other person whom you trust.Procedure to appoint Nominee, Appoint of Minor as Nominee, Nomination by Joint Account Holder, Role of the nominee
Notification No. G.S.R. 455(E)-Income Tax In exercise of the powers conferred by Explanation to sub-section (2) of section 18A of the Central Sales Tax Act, 1956 (74 of 1956), the Central Government hereby appoints the 1st June, 2010 as the appointed day for the purposes of the said sub-section (2) of section 18 of the said Act.
Where assessee was not engaged in collecting and receiving goods of the foreign principal but it was engaged in procuring the customers for the foreign principal, the nature of activities of the assessee cannot be brought within the scope of definition of `C and F Agent’ under section 65(25)
Income Tax Appeal – Share Application Money Dispute | Abhisek Saraf’s Cash Contribution | ITAT Kolkata Decision | Penalty under s. 271D
ITR-2:This form is applicable to both Individuals & HUFs who have one or more of the following sources of income. In addition, they may have one of the sources of income specified for ITR-1. Income / loss from house property; Capital gain / loss on sale of investments / property, etc;
Indian corporate sector has raised significant funds through foreign currency loans like FCCBs, ECBs, etc., during FY07 and FY08. The corporate sector had preferred to keep its forex payable positions un-hedged in anticipation of appreciating INR trend to continue wherein FCCBs would eventually get converted into equity. While at the same time exports were hedged using various derivative instruments.
The income tax department has launched a drive to file corrected returns with a view to do away with the problem of held-up refunds and the tax already paid not being credited to the assessees’ name. A large number of people whose tax is deducted at source did not get the payments credited which, in turn, held up refunds.
