It is a settled position that revenue subsidies received from the Government towards reimbursement of cost of production/manufacture or for sale of the manufactured goods are part of profits and gains of business derived from the Industrial Undertaking/ eligible business, and are thus, admissible for applicable deduction under Chapter VI-A of the Act.
In this E-book, attempts have been made to explain about Remission of Central Excise Duty. It is expected that it will help departmental officers in their day to day
SEBI (Infrastructure Investment Trusts) Regulations, 2014 prescribe disclosures to be made by an InvIT to the Stock Exchange(s) where its units are listed. The said disclosures, inter-alia, include disclosures for financial as well as non-financial information.
Companies Act, 2013 requires Board of Directors of every company to present Financial Statements to shareholders along with their Report known as the Report of Board of Directors or Boards Report.
Seeks to levy definitive anti-dumping duty on Axle for Trailers originating in, or exported from Peoples Republic of China vide Notification No. 54/2016-Customs (ADD)
The Indian Institute of Insolvency professionals of ICAI (IIIPI), a section 8 Company formed by the Institute of Chartered Accountants of India to enroll and regulate insolvency professionals as its members in accordance with the Insolvency and Bankruptcy Code 2016 and read with regulations.
The Special Judge for CBI Cases, Bangalore has convicted Shri V.P.Shamsuddin, then Joint Commissioner of Income Tax (Appeals-II), Bangalore U/s 13(2) r/w 13(1)(d)(ii) of PC Act and sentenced him to undergo three years Rigorous Imprisonment with fine of Rs.3,00,000/-
It has come to the Authority’s notice that there is a news item floating in the press that the Authority has instructed insurers to accept old Rs. 500 and Rs. 1000 notes for depositing insurance premium.
Notification No.143/2016-Customs (N.T.)- CBEC notifies Rate of exchange of conversion of foreign currency with effect from 30th November, 2016
As per Section 3, Inter-State Supply of goods or services means any supply where the location of the supplier and the place of supply are in different States. Place of Supply is defined under section from 7 to 10.
