Representations have been received from trade associations that consequent upon insertion of Chapter note 14 (w.e.f 28.05.2012) to the Chapter 48 of Central Excise Tariff Act, 1985 disputes have cropped up in respect of classification of railway/bus/other tickets/passes, railway ticket rolls and bus ticket rolls, mark sheets/certificates, OMR Sheets/ Answer Books with OMR, Answer booklets, inland letter cards, passbooks, applications forms, paper outer strip seal, Railway receipt (RR) and practical notebook.
Sovereign Gold Bonds, 2016-17-Series IV Application forms from investors will be received at branches during normal banking hours from February 27, 2017 to March 03, 2017.
Sovereign Gold Bonds 2016-17 – Series IV Interest on the Bonds shall be taxable as per the provisions of the Income-tax Act, 1961. The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond
In case where CENVAT credit facility on Precious metal (Gold, Silver and Platinum) as input has been availed and Gems and Jewellery products are exported availing rebate, then replenishment of Precious metal shall be allowed
Welcoming various steps taken by the Government to curb black money and corruption, new ASSOCHAM President Mr. Sandeep Jajodia today said, as economy is still in the stage of remonetisation,the people should be encouraged and not discouraged to start spending again. Enough cash in both rural area and cities, along with some bold and pragmatic decisions on issues like bank NPAs would be key drivers for reverting to 8% growth, he said.
Aadhaar mandatory for Any individual desirous of availing benefit under Ujjawala Scheme, who does not possess Aadhaar number or has not yet enrolled for Aadhaar shall have to apply for Aadhaar enrolment by 31st March 2017
Tribunal held that sale of SIM Cards/recharge coupons at discounted rate to distributors is not commission and therefore, not liable to TDS provisions u/s. 194H of the Act. Once, the substratum for levy of penalty has eroded there is no question for sustaining the penalty.
Ministry of Women and Child Development in the Government of India is administering the Swadhar Greh Scheme (hereinafter referred to as the Scheme), which targets the women victims of unfortunate circumstances who are in need of institutional support for rehabilitation so that they could lead their life with dignity
SEBI has comprehensively reviewed the existing framework in consultation with the Stock Exchanges and Depositories (inter alia, issues relating to strengthening of arbitration mechanism and investor protection mechanism).
Central Government hereby notifies the undertaking, being developed and being maintained and operated by M/s. Ascendas IT Park (Chennai) Ltd, as an industrial park for the purposes of the said clause (iii) subject to the terms and conditions mentioned in the annexure of the notification.
