zSeeks to impose definitive anti-dumping duty on Polytetrafluoroethylene (PTFE) [Tariff Item 3904 61 00], originating in or exported from Russia, for a period of five years (unless revoked, superseded or amended earlier). GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 23/2016-Customs (ADD) New Delhi, the 06th June, 2016 G.S.R. 574(E). – Whereas, […]
Krishi Kalyan Cess (herein after referred to as KKC) is a cess on taxable services, at the rate of 0.5% of the value of such taxable services. The cess is in addition to any cess or service tax leviable on such taxable services under Chapter V of the Finance Act, 1994 or under any other law for the time being in force.
The assessee is registered u/s. 12A of the Income Tax Act, 1961 (hereinafter referred the Act) and has been claiming exemption u/s. 11 of the Act which has been denied by the Assessing Officer mainly on the ground that the assessee is involved in commercial activities as the assessee receives coaching fees from the students of CA while giving coaching to the CA students.
Consultative Paper on Warehousing Norms for Agricultural & Agri-Processed Commodities Traded on National Commodity Derivatives Exchanges 1. Warehousing infrastructure and its ancillary services play a critical role in the delivery mechanism of the Commodity Derivatives Market. A robust &credible warehousing infrastructure is sine qua non for an effective Commodity Derivatives Market that can inspire confidence […]
SEBI (Infrastructure Investment Trusts) Regulations, 2014 (InvIT regulations) were notified on 26th September, 2014, thereby providing a regulatory framework for registration and regulation of InvITs in India. The regulations, inter alia, prescribe conditions for making a public offer and private placement, initial and continuous disclosures, investment conditions, unit-holder approval requirements, related party disclosures, etc.
Every offering by Financial Institutions attempts to give its investor audience something tailor made to their needs. A new one- Exide Life Income Advantage Plan by Exide Life Insurance, goes a step further and allows the investor to pick from two options allowing them to customise the payment terms based on their needs. But before […]
As you are aware, the existing Central Excise Audit Manual and Service Tax Audit Manual were last updated in 2008 and 2011 respectively. Over the years the Central Excise and Service Tax statutes have undergone many changes and there have been regular feedback from field formation on the shortcomings in the existing audit manuals.
The seller will not be obliged to collect the tax at source (TCS), if the buyer has deducted the tax at source from the payment. Thus Provider of a service may not be obliged to collect tax, if the recipient has deducted tax at source.
Analysis of Notifications dated 01.06.2016 related to Companies Act, 2013 in respect of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) Which Come Into Force w.e.f. 01st June, 2016
Any person whose appeal is pending before Commissioner (Appeals) can opt for this scheme except the following cases, when: (a) the impugned order is in respect of search and seizure proceeding; or (b) prosecution for any offence punishable under the Act has been instituted before the 1st day of June, 2016; or
