What is Swachh Bharat Cess ? It is a Cess which shall be levied and collected in accordance with the provisions of Chapter VI of the Finance Act, 2015,called Swachh Bharat Cess, as service tax on all the taxable services at the rate of 0.5% of the value of taxable service.
As per Oxford Advanced Learner’s Dictionary, Promoter means a person or company that organizes or provides money for performance or an event. Promoter is a person (natural or artificial) who tries to persuade others about the value or importance of something. From legal definition, Promoter is a person or company that finances or organizes or involved in setting up and funding a new company.
It seems to us that it would be an incorrect approach to start this process by considering the re-appointment or renewal of existing Government Counsels since that would dilute, nay, dissolve the discretion of the Government to appoint advocates whom they find trustworthy.
Trust formed for charitable or religious purposes which are not intended to do commercial activities are allowed various benefits under the Income-Tax Act, inter-alia, exemption under section 11. The term religious purpose is not defined under the Income-Tax Act. However, Section 2(15) of the Act defines charitable purpose to include relief of the poor, education, medical relief, preservation of environment (including watersheds, forests and wildlife) and preservation of monuments or places or objects of artistic or historic interest, and the advancement of any other object of general public utility.
The Central Bureau of Investigation has arrested a Joint Commissioner of Income Tax, Piramal Chambers, Mumbai for demanding & accepting a bribe of Rs. 5 lakhs from the Complainant. According to reports the public service official is identified as M Jhagran who was holding the highest public service office since last couple of years.
Corruption is in the human system from the ancient times. The first corruption happened when Adam on the advice of Satan disobeyed the Creator and ate the forbidden fruit of Eden. Corruption refers to the process in which a person makes a favor to another person expecting a favor in return. However, the term connotes […]
Likewise, in the matter of Shankara Cooperative Housing Society Limited v. M. Prabhakar and others, the Supreme Court has held that delay and laches is one of the factors that requires to be borne in mind by the High Courts when they exercise their discretionary power under Article 226 of the Constitution of India.
Notification No. 92/2015 – Income Tax Statement under sub-section (7) of section 115UB. 12CB.(1) The statement of income paid or credited by an investment fund to its unit holder shall be furnished by the person responsible for crediting or making payment of the income on behalf of an investment fund and the investment fund to the- (i) unit holder by 30th day of June of the financial year following the previous year during which the income is paid or credited in Form No. 64C, duly verified by the person paying or crediting the income on behalf of the investment fund in the manner indicated therein; and
Punjab and Haryana High Court held In the case of ADIT vs. Sh. Dhan Singh Sharma that ld counsel for the applicant admitted at the time of arguments that statement was re-started after some time on the same day.
The following Companies have to adopt Ind AS for the Financial Statements from the Accounting Period beginning on or after 1st April 2016: Companies whose debt or equity are listed or are in the process of being listed on any stock exchange in India or Outside India “+” having net worth of Rs. 500 Crores or more. Companies which are not listed but are having Net Worth of Rs. 500 Crores or more. Holding, Joint Venture, Associates or Subsidiary Companies of the companies covered by above two clauses.
