Notification No. 2/2016 – Infrastructure Cess Seeks to replace the references to sub-clauses to clause 159 of the Finance Bill, 2016 with sub-sections to section 162 of the Finance Act, 2016 in the notification No. 1/2016 Infrastructure CESS dated 1st March, 2016
G.S.R. 510 (E).-In exercise of the powers conferred by sections 83 and 84 of the Finance Act, 2010 (14 of 2010), the Central Government hereby directs that any reference to ‘Clean Energy Cess’, in the rules, notifications, instructions, decisions, or orders, made or issued under the said sections, shall, be construed as references to ‘Clean Environment Cess’.
1. Just open https://translate.google.co.in/ 2. In left side box, type the URL of your desired website (For Example icai.org) 3. Now in right side box, you will see the same URL but with the hyperlink. Now click on that hyperlink. 4. Now the new webpage will be loaded with options of languages ‘From’ and ‘To’. […]
Every type of Company whether large or small size have been facing variety of difficulties ever since the enactment of the said Act. While more than 180 clarifications, circulars and notifications have already been issued and one comprehensive round of amendment was also done in 2015 by
29E. Notwithstanding anything contained in any judgment, decree or order of any court, tribunal or other authority, any power exercised, or action taken or done or purported to have been taken or done, by the Central Government or, as the case may be, the State Government, shall be deemed to be
Section 40 (a) (i), in providing for disallowance of a payment made to a non-resident if TDS is not deducted, is no doubt meant to be a deterrent in order to compel the resident payer to deduct TDS while making the payment.
Q.1.What is the scheme of advance rulings? Ans. 1. Appreciating the need for foreign investors to be assured in advance of their likely indirect tax liability, the Central Government has set up an Authority for Advance Rulings (Central Excise, Customs and Service Tax) to provide binding ruling on important issues so that intending investors will […]
The Finance Bill was presented in the Lok Sabha on February 29, 2016. On May 5, 2016, the Lok Sabha passed the Finance Bill, 2016 and later on it was approved by the Rajya Sabha. The Finance Bill, 2016 received the presidential assent on May 14, 2016. Now it becomes the Finance Act, 2016 (No. […]
The Income Declaration Scheme, 2016 shall remain in force for a period of 4 months from 1st June, 2016 to 30th September, 2016 for filing of declarations and payments towards taxes, surcharge & penalty must be made latest by 30th November, 2016. Declarations can be filed online or with the jurisdictional Pr. Commissioners of Income-tax across the country.
The Hon’ble Madras High court in the above cited case held that central govt can notify a country as notified jurisdictional area u/s 94A inspite of the fact that there exist a Double Tax Avoidance Agreement provided the DTAA is not serving the intended purpose for which it was entered into.
