"May, 2016" Archive - Page 30

Plasticulture can play an important role in judicious usage of water

Right usage of water is becoming increasingly important given the fact that India currently supports nearly 17.84% of the world population, with 2.4% land and 4% of water resources. At the same time, monsoons are also becoming erratic. ...

Read More
Posted Under: Corporate Law |

Anti-dumping duty on Digital Versatile Discs-Recordable (DVD-R)

Notification No. 17/2016-Customs (ADD) 13/05/2016

Govt had initiated a review in the matter of continuation of anti dumping duty on imports of Digital Versatile Discs-Recordable (DVD-R) originating in, or exported from, Vietnam and Thailand imposed vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 98/2010- Customs, dated the 28th Septemb...

Read More

Budget session concludes; GST Bill likely next session; 1,175 outdated laws repealed

Budget session concludes ; Session productive, says Minister Shri M.A.Naqvi. Government’s outreach to opposition resulting in better functioning of Parliament, says Minister. Sittings of Parliament and Bills passed by Lok Sabha over last 2 years increased. Over a dozen reform Bills passed in 2 years and Parliament needs to do more to pu...

Read More
Posted Under: Corporate Law |

Article wise analysis of Amendment to India-Mauritius DTAA

On 10th May 2016, the Government of India has issued a press release announcing the Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius (DTAA)....

Read More
Posted Under: Corporate Law |

Transfer of Securities whether to be considered as Capital Gain or Business Income

It has been a constant tug of war between assessee and tax authorities on the classification of gains arising on the transfer of shares/securities as ‘capital gains’ or ‘business income’. Due to the lower tax incidence on ‘capital gains’, taxpayers prefer a ‘capital gains’ classification, while tax authorities usually atte...

Read More
Posted Under: Corporate Law |

Govt notifies Anti-Hijacking Act, 2016

Notification No. 30 of 2016 13/05/2016

WHEREAS it is considered expedient that the unlawful acts of seizure or exercise of control of aircraft which jeopardize safety of persons and property is a matter of great concern to be addressed effectively by making suitable provisions for giving effect to the Convention and the Protocol and for matters connected therewith....

Read More

Easy-to-miss Tax Benefits of Health Insurance Policies in India

If you are the breadwinner of your family and willing to buy health insurance plans for your children, spouse, and parents, you can avail tax benefits under section 80D of income tax act, 1961. You can avail these benefits as an individual as well as when you buy it for your parents no matter whether they are dependent on you or not....

Read More
Posted Under: Corporate Law |

Expense to make House habitable, eligible for exemption U/s. 54

Rustom Homi Vakil Vs Asstt. CIT (ITAT Mumbai)

In the instant case, the assessee has purchased the new residential house at Pune in July 2008 in dilapidated condition and immediately there-after undertaken extensive civil, plumbing, electrical & painting works to make it habitable...

Read More

Possession of Foreign Currency

Many persons are interested at preserving old currency, new released currency, foreign currency received by them. Few of them possess the foreign currency for some specified purpose. Many times they counter questions regarding eligibility for possession of foreign currency and the permitted limit to which they can possess the foreign curr...

Read More
Posted Under: Corporate Law |

How to file ITR 1(Sahaj) without help of any expert or software

We all need to file ITR to fulfil our statutory need. Many of us has experienced that in spite of taking the help of an expert you find it hand and time consuming to file ITR. Even after that you come to know about mistakes in ITR when you receive a notice from the department. Here we will guide you how to file your ITR without the help o...

Read More
Posted Under: Corporate Law |

Search Posts by Date

October 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031