Give and take is a way of getting things done in a desired manner. When we give something, we expect something. A mom dictating a child to finish her homework gets a likely response If I will finish this, will you give me a chocolate? Similar was the expectation of the corporates regarding the allowance of expenditure incurred for fulfilling their social responsibilities as per the mandate of the Companies Act, 2013.
Each year, Budget is presented by Union Finance Minister in the Parliament normally on 28thFebruary. From Customs /Central Excise officer‘s interest point of view, it, inter alia, contains proposal for amendments of Statutory provisions of Indirect Tax laws, namely, Customs Act, 1962; Customs Tariff Act, 1975; Central Excise Act, 1944;
In this article, attempts have been made to explain some basics about how to draft a good Show Cause Notice (SCN).
At present the correctness of the installation certificates issued by Chartered Engineers are to be verified on random basis in at least 5% cases through the Central Excise Division. The Board has decided that this verification be restricted to 5% cases.
In this article, attempts have been made to explain and provide some basics about Drafting of Adjudication Order
In Budget 2015, Central Government introduced Swachh Bharat Cess. The statutory authority for new levy is contained in Section 119 (Chapter VI) of Finance Act, 2015.
Exemption(s) in a paper(s) are granted to candidates of Intermediate and Final examinations, in terms of Regulation 37C(8) and Regulation 38C(6), respectively, of the Chartered Accountants Regulations 1988. The rules in this regard are provided in the Guidance Notes made available to the candidates along with the examination forms and hosted on http://icaiexam.icai.org. The related FAQs are also hosted on www.icai.org.
Senior BJP leader Subramanian Swamy declared on Twitter that if government not removes private companies from Goods Services Tax Network (GSTN) than he would go ahead with a Public Interest Litigation (PIL) against the Central Government. Swamy tweeted on his twitter Handle @Swamy39 that, he will wait till October 31 for the government to act, failing which he will go ahead with a PIL to challenge the government in allowing ownership of private companies in the Goods Services Tax Network (GSTN).
Fiscal policies that lead to at least a 20% increase in the retail price of sugary drinks would result in proportional reductions in consumption of such products, according to the report titled Fiscal policies for Diet and Prevention of Noncommunicable Diseases (NCDs).
Step-by Step Guide to file online reply / Response to Notice from Income Tax Department in respect of Bank/Financial Account(s) with substantial Cash Transactions
