The practice of providing discount is one of the very old and well-established strategies which the business houses have been adopting in order to entice and persuade their customers towards buying more goods from them. At large, there are two types of discounts being offered by the industries i.e. Cash discount and Trade discount. Cash […]
I have been witnessing people, especially the younger generation, working really hard and late hours in order to live a luxurious and content life. When I ask them about investments, most of them satisfactorily tell me that they are saving 20-30% from their monthly income. They seem very happy about it. If you are one […]
Such submission of representations directly to other authorities by-passing the prescribed channel of communication, has to be viewed seriously and appropriate disciplinary action should be taken against those who violate instructions. This can rightly be treated as an unbecoming conduct attracting the provisions of Rule 3(1)(iii) of the Central Civil Services (Conduct) rules, 1964.
In exercise of the powers conferred by section 45ZN of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby notifies the following as factors that constitute failure to achieve the inflation target, namely:—
Based on the recommendations of the Pr. CCsIT, the CBDT has approved setting up of 65 Aayakar Seva Kendras as per the enclosed list at Annexure-A in which the stations and the jurisdictional Pr. CCsIT, CCsIT and Pr. CsIT are mentioned. The advisory regarding setting up of ASK in Y. 2016-17 has already been included in the Annual Central Action Plan 2016-17 of the Income tax Department.
In exercise of the powers conferred by section 219 of the Finance Act, 2016 (28 of 2016), the Central Government hereby appoints the 27th day of June, 2016, as the date on which the provisions of Part I of Chapter XII of the said Act shall come into force.
Posting of Officers as Additional/Joint CIT(OSD) in the Principal CCIT Region – reg. Order No. 125 of 2016 – Dated: 27th June,2016 On return from Deputation, the following officers are, hereby, posted as Additional Commissioner of Income Tax (OSI)(/ Joint Commissioner of Income Tax (OSIDI in the Principal CCIT Region indicated hereunder, in terms of […]
If only part payment of the tax, surcharge and penalty payable on undisclosed income declared under the Scheme is made before 30.11.2016, then whether the entire declaration fails as per section 187(3) of the Finance Act, 2016 or pro-rata declaration on which tax, surcharge and penalty has been paid remains valid?
Foreign Tax Credit.- (1) An assessee, being a resident shall be allowed a credit for the amount of any foreign tax paid by him in a country or specified territory outside India, by way of deduction or otherwise, in the year in which the income corresponding to such tax has been offered to tax or assessed to tax in India, in the manner and to the extent as specified in this rule
APR refers to an annual performance report to be prepared by an SEZ unit post commencement of production by it. The preparation of APR has to be done independently by each SEZ unit located in SEZ area. An APR, which has to be duly certified by an independent Chartered Accountant
