The taxation system is applicable on all the inflows that an individual receives and it is also applicable on the amount of the investments and insurances that you make for your future and for your family. There are various ways by which the tax burden can be reduced on the amount that you receive by having the basic knowledge of the taxation system.
The sexual Harassment of women at workplace (Prevention, Prohibition and Redressal) Act, 2013 (hereafter the Act) is a law, that seeks to protect women from sexual harassment at their working place. The bill related to this was passed by the Lok Sabha on 3rd September and on 26th February, 2013 by Rajya Sabha, and further got assent of the President on 23rd April, 2013.
1) Every registered taxable person required to furnish the details: (a) of outward supplies of goods and/or services effected during a tax period under sub-section (1) of section 25; and (b) of outward supplies of goods and/or services effected during an earlier tax period under sub-section (2) of section 25
Any registered taxable person, except the persons covered by notification issued under clause (d) of sub-section (6) of section 38, claiming refund of any tax, interest, penalty, fees or any other amount paid by him, may file an application in FORM GST RFD-1 electronically through the Common Portal either directly or from a Facilitation Centre, notified by the Board or Commissioner
Implementation of the GST regime, the biggest tax reform since Independence, is now a step closer with the Hon’ble President of India Shri Pranab Mukherjee recently giving his assent to the much- awaited Constitution Amendment (GST) Bill after being ratified by more than 16 States across the nation.
Eerstwhile FMC from time to time had issued norms on Algorithmic Trading in consultation with the Exchanges. This circular is being issued to consolidate such norms in one circular.
It has been decided that the norms specified by erstwhile FMC vide the circulars mentioned in paragraph 2 regarding special margins i.e. in case of spread trades, special margin shall not be levied, shall continue to be in force beyond September 28, 2016.
Exchanges shall monitor the open position on a real time basis, and shall endeavour that no client or member breaches the open position limits ‘at end of the day’ as well as ‘during intra-day trading’. Penalty shall be levied on those breaching the position limits at end of the day as well as during intra-day trading as provided in Annexure-C to this circular.
In GST we are going towards old regime of excise/Vat registration in which physical verification of business premises is required. Under current Service Tax Registration process, requirement of physical verification of business premises is not required.
