A plain reading of Section 10(23C) makes it clear that the legislature has categorised for deduction income of those institutions which ‘exist solely’ for philanthropic purpose with a further stipulation that they would exist ‘not for the purpose of profit’.
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)
Every year when the India’s Annual Financial Budget is presented by the Central Government, I listened to people whom they called the experts from different fields on News Channels, Seminars, Budget Talks who analyze, criticize and compare the budget reforms.
The undersigned is directed to state that Department of Administrative Reforms & Public Grievances vide their OM No. 4/2/2013-P&PW(Coord) dated 19.21015, have initiated a process of providing a platform ‘Anubhav’ for the retiring Central Government
The Supreme Court was considering an issue as to whether income derived from a building can be said to be used for charitable purpose by running of a free medical aid to the needy and poor in the context of tax exemption under Municipal laws.
In exercise of the powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Meetings of Board and its Powers) Rules, 2014, namely:– 1. (1) These rules may be called the Companies (Meetings of Board and its Powers) Amendment Rules, 2015.
We hereby nominate the following person in place of as nominee in respect of the below mentioned securities in whom shall vest all rights in respect of such securities in the event of my/our death.
Henceforth, registration shall mandatorily require that the PAN number of the proprietor or the legal entity being registered be quoted with the exception of the Government Departments for whom this requirement shall be non-mandatory. Applicants, who are not Government Department, shall not be granted registration in the absence of PAN number.
The much awaited Budget 2015 has introduced numerous amendments in Service Tax and CENVAT Credit Rules, 2004 (CCR). Few amendments (such as rate increase in service tax, subsuming cess etc) have been made in order to align the existing laws with proposed GST. In this article, we will discuss key issues and anomaly in the Budget 2015 provisions.
2.. In view of difficulties reported vide above referred letter, in the processing of returns in AST of foreign technicians filed by representative assessees, the CBDT has approved ‘Online TMS(category 2)’ for processing of such returns. Therefore, an online ‘Online TMS(category 2)’ functionality has been provided in ITD-AST application under AST TMS Online TMS – Category 2.
