The Govt. has extended the following incentives and promotional measures for the promotion of food processing sector: 1. Income Tax Relief a) Under sub-section (11A) of section 80 IB of the Income Tax Act, 1961 a deduction from profits up to specified amounts [100% for the first 5 assessment years and thereafter, 25%(30% in the […]
CA NIraj Mahajan The day before the result. Unexpectedly I was calm, was with friends..had fund with them and saw a nice move in cinema hall.. came night, and the butterflies started waking up.. telling me how can you possibly sleep? Still, somehow passing time on whatsapp and FB, somehow convinced my eyes to droop.. […]
The date of implementation of the obligations under Regulations 5, 6, 7, 8, 9 & 10 shall be from the date following six calendar months from the date of publication of these Regulations in the official gazette.
The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
The CBI today arrested an Additional Commissioner of Income Tax in Gandhinagar for allegedly demanding and accepting a bribe of Rs 30 lakh from a construction firm for favouring it in scrutiny of tax returns.
In earlier years, India was a highly regulated economy. To set-up an industry various licenses and registration under various enactments were required. The scope and mode of corporate restructuring was, therefore, very limited due to restrictive government policies and rigid regulatory framework.
