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Archive: 11 August 2015

Posts in 11 August 2015

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6462 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Independence in 8th Month, but for Small taxpayer if, its profit above 8%

August 11, 2015 2323 Views 0 comment Print

Income Tax Act has also given independence to the small tax payers for maintaining books of accounts and accordingly paying tax under section 44AD. These Businessman has 2 options, 1) show profit at 8% of turnover and has taxable income or 2) If he want to show less profit and have taxable income then tax audit is compulsory. Further if profit is below 8%, then scrutiny, enquiry, etc may be invited.

Facility for Downloading Statements of Marks relating to IPC Exam held in May, 2015

August 11, 2015 432 Views 0 comment Print

 Facility for Downloading the Statements of Marks relating to Intermediate (IPC) Examination held in May, 2015. – (11-08-2015) Statements of Marks relating to Intermediate (IPC) Examination held in May, 2015 Physical copies of statement of marks in respect of Intermediate (IPC) Examination held in May, 2015, in the standard printed stationery are under dispatch, in […]

Amendment in Benami Transactions (Prohibition) Act, 1988

August 11, 2015 2859 Views 0 comment Print

Any transaction within the definition of ‘benami transaction’ shall attract consequential action under the Benami Transactinos (Prohibition) Act, 1988 after the enactment of the Benami Transactions (Prohibition) Amendment Bill, 2015. Clause 4 of the Benami Transactions (Prohibition) Amendment Bill, 2015 defines a benami transaction to mean, –

Details of Incentives and other relief to exporters and importers in India

August 11, 2015 4749 Views 0 comment Print

Details of incentives and other relief, inter-alia, being offered to exporters and importers are as under: Duty Drawback to exporters to neutralize Customs, Central Excise Duty and Service Tax suffered on inputs/inputs services used in manufacture of export goods.

Notification No. 74/2015-Customs (N.T.) Dated: 11/08/2015

August 11, 2015 415 Views 0 comment Print

In exercise of the powers conferred by clause (a) of sub-section (1) of the section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further amendments to the

Indirect Tax collection for July,15 shows growth of 39.1%

August 11, 2015 553 Views 0 comment Print

Indirect Tax Revenue (Provisional) collections have increased from Rs 40,802 crore in July-2014 to Rs. 56,739 crore during July – 2015. Thus an increase of 39.1% has been registered during July-2015 over the corresponding period in the previous year. This is an achievement of 32.6 % of the target fixed for BE 2015-16.

Export Related Exemptions against Scrips in Service Tax

August 11, 2015 1052 Views 0 comment Print

Vide Notification Nos. 6/2013-ST, 7/2013-ST and 8/2013-ST, all dated 18.4.2013, Central Government had exempted the taxable services provided or agreed to be provided against a scrip by a person located in the taxable territory subject to certain conditions. Later, few other exemptions have been exempted vide Notification Nos. 10/2015-ST and 11/2015-ST, both dated 08.04.2015.

Self-Acceptance: Ultimate Way to Happiness

August 11, 2015 1022 Views 0 comment Print

Quite a few years back when I first read this word, ‘SELF-ACCEPTANCE’ I wondered what does it really mean. Why would anyone need self acceptance, I thought we as human beings always accept ourselves. But, there’s more truth to it than I knew. Self Acceptance is accepting ourselves, with all our flaws, deficiencies and shortcomings, just the way we are.

A brief on Money Laundering

August 11, 2015 2537 Views 0 comment Print

Money Laundering is the processing of criminal proceeds to disguise its illegal origin. Terrorism, Illegal arms sales, Financial Crimes, Smugglings, Activities of Organized Crimes, Including drug trafficking, Prostitution rings

Capital gain arises/accrued outside India can’t be clubbed in hands of NRI assessee

August 11, 2015 632 Views 0 comment Print

In case of Shri Rajendra Pathak Vs. ACIT Jaipur Bench of ITAT have held that sale proceeds cannot be clubbed in the hands of the assessee as capital asset/capital gain arises/accrued outside India. Assessee got shares on the basis of work performance by his employe in London.

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