In its endeavour to ease the process for FDI applications, Government launched a new secured FIPB website namely http://fipb.gov.in in 2015. Website offers increased portfolio services to applicants in an efficient manner and also allows more transparent way of business to keep applicant informed on the current status of their applications.
It is clear that the assessee was under the bonafide belief that the provisions of Section 44AB were not applicable to a Club, while supplying beverages, liquor etc., to its members as it was not engaged in any business
After a seemingly endless amount of time, the salaried class seeks after a ‘typical man cordial’ Budget that may oversee family unit spending plans, regardless of expansion. Key procurements in direct duties that might be taken a gander at in this Budget, especially for the salaried class of people, are the following:
Union Budget 2016 is likely to focus more on rural spending, defense and housing. According to my opinion Some proposed Direct Tax Changes should be : Tax on Companies/ Firms/LLPs: Corporate Tax rate to be reduced to 25% from the current 30%. Further the same should be inclusive of surcharge and education cess.
The wise see knowledge and action as one; they see truly ….. so go the words of wisdom in the Bhagavad Gita, which are worth emulating by one and all, specifically in the present scenario when a new cohesive team of elected members is commencing its fresh tenure as representatives of the Indian CA fraternity. A beginning is only the start of a journey to connect another beginning.
Bombay High Court held In the case of CIT vs. M/s. Pentair Water India Pvt. Ltd. that we find no infirmity in the findings of the Tribunal. In fact, the Tribunal has endorsed the views of the CIT Appeals whilst coming to such conclusions.
The Economic survey 2015-16 states that the fiscal deficit target of 3.9 per cent for the year 2015-16 seems achievable. This assessment is based on pattern of revenue and expenditure in the first 9 months of the current financial year, inspite of the challenges posed by a lower than projected nominal GDP growth.
The Economic Survey 2015-16 presented here today in the Parliament by the Union Finance Minister Shri Arun Jaitley invokes the legend of the Charkravyuha from the Mahabharata describing the ability to enter but not exit, with seriously adverse consequences.
It has been brought to notice of Board that after implementation of Single Window NOC Module, ex-bond Bills of Entry are getting referred to Participating Government Agencies (PGAs) for No Objection Certificate even though the same goods had received NOC from PGA at the time of warehousing i.e at the into bond Bill of Entry stage.
Keeping in Mind the Importance of Union Budget 2016-17 for our readers which includes Professionals from all fields as well as Common Man, we have decided to create a dedicated page for our readers, where they can find all the information’s related to Union Budget 2016-17 at one place which includes crisp Analysis of Budget by our eminent Authors, all News related to Budget, All government Press Release, Notification, Circulars related to same.
