Giving the powers of Chief Commissioner to Principal Commissioner who have been given the additional charge vide office orders No. 79/2016 dated 14.07.2016 and 86/2016 dated 26.07.2016 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION No. 37/2016-Service Tax New Delhi, the 18th August, 2016 G.S.R. 802(E).- In exercise of the […]
Compensation packages of employees of financial institutions are designed in a manner to encourage them to align their interest to that of the organisation. Often the structure of packages comprises of bonuses and incentives linked with the short term profitability of these institutions whereas long-term growth and stability is aligned with stock options, pension plans and so forth.
The ICAI Memorandum contains 84 suggestions on issues relating to leviability, registration, credit mechanism, transitional issues etc. for the consideration of the Government while framing the final GST Law. Addressing the issues in the ICAI Memorandum may make GST laws simple, fair and transparent and avoid litigation. check GST rate list here Download ICAI Memorandum […]
Dividend received from foreign companies is taxable under the head Income from Other Sources at the rate applicable at assessee level. For example, foreign dividend received by an Indian company shall be taxable @ 30% plus Surcharge and Cess as applicable.
Every now and then, one gets to read some kind of fraud investment plans or fake how-to-get-rich-quick schemes. Having a deep thought over such incidents, we may realize that these scams are a reflection of our own over-attraction towards the investments, which yield good returns. But in such temptation of ours, have we ever thought […]
Since the mistake of quoting wrong PAN has been rectified in the revised TDS return filed by the assessee which has been accepted by the department, therefore, there is no justification in raising a demand on account of short deduction of TDS.
Where loans, creditors, advances received, share capital, payables etc. are disclosed in the audited balance sheet but are fictitious in nature and cannot be directly linked to acquisition of a particular asset, then such fictitious liabilities can be disclosed under the Scheme as such without linking the same with the investment in any specific asset.
CBEC determines that rate of exchange of conversion of each of foreign currencies into Indian currency or vice versa, shall, with effect from 19th August, 2016
Giving the powers of Chief Commissioner to Principal Commissioner who have been given the additional charge vide office orders No. 79/2016 dated 14.07.2016 and 86/2016 dated 26.07.2016 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION No. 111/2016-Customs (N.T.) New Delhi, the 18th August, 2016 G.S.R. 800(E).-In exercise of the powers […]
