Sponsored
    Follow Us:

Archive: 01 March 2015

Posts in 01 March 2015

Income Tax Inspector jailed for Possession of Disproportionate Assets

March 1, 2015 646 Views 0 comment Print

Three Years Rigorous Imprisonment to Then Inspector of Income Tax for Possession of Disproportionate Assets The Special Judge for CBI Cases at Jabalpur (Madhya Pradesh) has convicted Shri Brijendra Nath Bala @ B.N. Bala, then Inspector, Income Tax, Ayakar Bhawan, Napier Town, Jabalpur and sentenced him to undergo three years Rigorous Imprisonment with fine of […]

Budget 2015-16- Implications on Direct and Indirect Taxes

March 1, 2015 12192 Views 0 comment Print

1. No change in Basic Exemption Limit for Individuals. 2. Limit U/s. 80D raised from Rs.15000 to Rs. 25000. Further increase for Senior Citizens from Rs 20000 to Rs. 30000. 3. Increase in limits of deduction under Section 80DD and 80U for disabled person from Rs. 50,000 to Rs. 75,000. It is further proposed to raise the limit of deduction in respect of a person with severe disability from Rs. 1 lakh to Rs. 1.25 lakhs.

Budget 2015-16 Decoded!!

March 1, 2015 1361 Views 0 comment Print

It is the balanced budget but more or less poorer one. One cannot make happy everyone happy so few are enjoying this budget & remaining one’s are feeling disappointed. Budget is oriented towards providing benefits & amenities to the corporate industry along with all the Dhanna Seth’s. For a common people (AAM Aadmi) it is presenting darker side of the old chants ‘Acche din aa gye!’ replacing it with ‘Baba Ji ka thullu!’.

Budget 2015: Key Changes in Service Tax, Excise and Custom Duty

March 1, 2015 62815 Views 9 comments Print

Hike in Service tax rates (From date to be notified): Service tax rate has been increased from 12.36% (including Education Cess and Secondary and Higher Education Cess) to flat 14%. The ‘Education Cess’ and ‘Secondary and Higher Education Cess’ shall be subsumed in the new Service tax rate. The revised rate shall come into effect from a date to be notified.

Notification No. 27/2015-Customs (N.T.) Dated: March 1, 2015

March 1, 2015 2414 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iii) of clause (c) of section 28E of the Customs Act, 1962 (52 of 1962), the Central Government hereby specifies “resident firm” as class of persons for the purposes of the said sub-clause.

Notification No. 17/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 1222 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sections 91 and 93 of the Finance (No. 2), Act, 2004 (23 of 2004) and sections 136 and 138 of the Finance Act, 2007 (22 of 2007), the Central Government being satisfied that it is necessary in the public interest so to do, hereby rescinds the following notifications of the Government of India in the Ministry of Finance

Notification No. 16/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 14809 Views 0 comment Print

In the said notification, in the TABLE, – (i) serial numbers 1A and 1B and the entries relating thereto shall be omitted;

Notification No. 15/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 5321 Views 0 comment Print

G.S.R. 145(E) In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sections 136 and 138 of the Finance Act, 2007 (22 of 2007),

Notification No. 14/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 6934 Views 0 comment Print

Notification No. 14/2015-Central Excise G.S.R. 144(E) In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sections 91 and 93 of the Finance (No. 2) Act, 2004 (23 of 2004), the Central Government being satisfied that it is necessary in the public interest so to do, hereby exempts all goods falling within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)

Notification No. 13/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 1012 Views 0 comment Print

In the said notification, in the TABLE, after serial number 8 and the entries relating thereto, the following serial number and the entries shall be inserted, namely:-

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031