The term article of leather in Chapter 42 of the said Schedule shall mean any article wherein 60% or more of the outer visible surface area (excluding shoulder straps or handles or fur skin trimming, if any) is of leather notwithstanding that such article is made of leather and any other material.
(i) in rule 3, in sub-rule (1), in clause (v) of the second proviso, for the words and figures falling within heading 0401, 0402, 0403, 0404, 0405, 0406, 1006 or 3501, the words and figures falling within heading 1006 or on wheat falling within heading 1001 shall be substituted
Rule providing service tax on reimbursement is ultra vi res the main provisions of the Service Tax law contained in the Chapter V of the Finance Act ,1994, particularly sections 66 , 67 and 94.
Why tax is levied? The reason for levy of the taxes is because that they constitute the basic source of revenue to the government. Revenue that is raised through the collection of taxes is significantly utilized for
Record Management System at CPC, Bengaluru Receives ISO 15489-1:2000 Certification; Becomes First Organization in India and the World to Receive Such Certification Centralized Processing Center (CPC), Bengaluru, the flagship project of Income Tax Department with M/s.Infosys Limited as the Managed Service Provider, was awarded “ISO 15489-1: 2001” certificate by British Standards Institution (BSI). With this, […]
With a view to facilitate collection of advance taxes for Income Tax and Corporate Tax and meeting the probable rush of tax-payers, it has been decided in consultation with the Department of Financial Services,
The new Company law has the Potential to Unleash Huge Economic and Social Value – Sachin Pilot Highlighting the important features of the Companies Act, 2013, the Minister of Corporate Affairs has said that the Act is the result of intensive consultative process by his Ministry with industry, professionals, corporates and other stakeholders. Addressing a […]
Ministry of corporate Affairs has also notified 98 sections for implementation of the provisions of the companies Act, 2013 on 12.9.2013. Certain difficulties have been expressed by the stakeholders in the implementation of following provisions of the said Act.
Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister released the document ‘Economic Outlook 2013-14’ at a Press Conference in New Delhi today. Following are the highlights of the document: Economy to grow at 5.3% in 2013-14 Agriculture projected to grow at 4.8% in 2013-14 as against 1.9% in 2012-13. The early and […]
The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was
