The Commodity Derivatives Exchanges have been using a ‘Spot Price Polling Mechanism’ to arrive at the prevailing spot prices. Transparent discovery of spot prices is a critical factor in smooth running of futures market as the same are used as reference prices for settlement of contracts traded on the exchange platform.
The following 21 postings / transfers in the grade of Additional/ Joint Commissioner of Income Tax are, hereby, ordered vide Order No. 158/2016 with immediate effect and until further orders:-
The following 13 postings / transfers in the grade of Additional/ Joint Commissioner of Income Tax are, hereby, ordered vide Order No. 157 of 2016 with immediate effect and until further orders:-
Hand Book of Procedures 2015-2020 will also cover minimum value addition for export of Silver/ Platinum jewellery and articles thereof, which were inadvertently left out earlier, These amendments will be applicable with effect from 01.04.2015
In this article, you will get a fair idea of timeline for imposing CGST/SGST on goods/services respectively. Section 12 and section 13 of the act rule point of taxation under GST act.
They say, there is nothing called a free lunch. For argument’s sake, let’s suppose there is. Can that be taxed too? Mr. Legal Eagle is among the top Chartered Accountants of the country, he represents only the who’s – who of the business world.
The treatment of extended credit period to Associated Enterprises(AEs) as an international transaction and making adjustment of notional interest on the same has always been bone of contention between the assessee and department.
Deduction U/s. 80IB is allowable over a period of 6 years which follows that conditions for claiming deduction must remain fulfilled in all years for which deduction being claimed
With the approval of competent authority it is hereby clarified that in the light of the Notification Nos. 111/2016-Cus(N.T.), 43/2016-C.E. (N.T.) and 37/2016-S.T. all dated 18/08/2016, the Review Committees of Chief Commissioners constituted under Office Orders 02/2014-C.E., 03/2014-Cus and 04/2014-S.T. all dated 15.10.2014 shall be in force.
As already informed, All the cases identified for withdrawal were to be withdrawn by 15th July, 2016 as per the timeline given by the Revenue Secretary. However, after reviewing the reports of the zones, it is noticed that such cases in respect of most of the zones have still not been withdrawn by the various High Courts and Tribunals.
