"10 June 2016" Archive - Page 2

FAQs on Equalisation Levy (EQL)

Equalisation Levy was introduced in the Union Budget 2016 and is included in the Chapter VIII of the Finance Act 2016. The Govt. had set up a committee earlier this year which gave its recommendations in March, 2016, which included adding more services under the ‘specified service’ banner. ...

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Posted Under: Income Tax |

A peep into Authority of Advance Rulings

The Indian Judiciary System dates back to the 18th century and there have been cases long pending of the past 10 – 15 years which are yet to be settled. In the midst of all this, if an assessee’s file is trapped between the webs of such system it may land up like the fate of the earlier cases....

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Posted Under: Income Tax |