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Govt increase BCD on certain iron and steel products

August 12, 2015 3911 Views 0 comment Print

NOTIFICATION NO. 45/2015-Customs, Dated: August 12, 2015 (i) for serial number 329A and the entries relating thereto, the following serial number and the entries shall be substituted, namely:-

Revenue cannot be aggregated for determining ALP of software development services for two different sectors

August 12, 2015 687 Views 0 comment Print

ITAT Hyderabad held In the case of M/s. OSI Systems Pvt. Ltd. vs. DCIT that it may be a fact that software development services is a very wide term and takes within its ambit, whole software development services.

Voluntarily surrender of income can’t escape penalty if assessee deliberately not shown unaccounted income in return

August 12, 2015 2134 Views 0 comment Print

In the case of DCIT Vs. M/s Sunrise Stock Services P.Ltd. Chandigarh bench of ITAT reversed the order of CIT (A) who deleted the penalty made on estimation basis. It was allegation of AO that assessee voluntarily surrendered the addition and statement of the director was recorded.

Pollution and Its Effects

August 12, 2015 324 Views 0 comment Print

Any contamination of the resources, natural or artificial, can be called as pollution. There were no such issues in the ancient times when the man was content with what he had, and he relied on the natural resources. With the advent of technology and owing to the population growth and civilization

Facility for Downloading Statements of Marks relating to IPC Exam held in May, 2015

August 11, 2015 447 Views 0 comment Print

 Facility for Downloading the Statements of Marks relating to Intermediate (IPC) Examination held in May, 2015. – (11-08-2015) Statements of Marks relating to Intermediate (IPC) Examination held in May, 2015 Physical copies of statement of marks in respect of Intermediate (IPC) Examination held in May, 2015, in the standard printed stationery are under dispatch, in […]

Amendment in Benami Transactions (Prohibition) Act, 1988

August 11, 2015 2886 Views 0 comment Print

Any transaction within the definition of ‘benami transaction’ shall attract consequential action under the Benami Transactinos (Prohibition) Act, 1988 after the enactment of the Benami Transactions (Prohibition) Amendment Bill, 2015. Clause 4 of the Benami Transactions (Prohibition) Amendment Bill, 2015 defines a benami transaction to mean, –

Details of Incentives and other relief to exporters and importers in India

August 11, 2015 4782 Views 0 comment Print

Details of incentives and other relief, inter-alia, being offered to exporters and importers are as under: Duty Drawback to exporters to neutralize Customs, Central Excise Duty and Service Tax suffered on inputs/inputs services used in manufacture of export goods.

Notification No. 74/2015-Customs (N.T.) Dated: 11/08/2015

August 11, 2015 442 Views 0 comment Print

In exercise of the powers conferred by clause (a) of sub-section (1) of the section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further amendments to the

Indirect Tax collection for July,15 shows growth of 39.1%

August 11, 2015 571 Views 0 comment Print

Indirect Tax Revenue (Provisional) collections have increased from Rs 40,802 crore in July-2014 to Rs. 56,739 crore during July – 2015. Thus an increase of 39.1% has been registered during July-2015 over the corresponding period in the previous year. This is an achievement of 32.6 % of the target fixed for BE 2015-16.

Self-Acceptance: Ultimate Way to Happiness

August 11, 2015 1034 Views 0 comment Print

Quite a few years back when I first read this word, ‘SELF-ACCEPTANCE’ I wondered what does it really mean. Why would anyone need self acceptance, I thought we as human beings always accept ourselves. But, there’s more truth to it than I knew. Self Acceptance is accepting ourselves, with all our flaws, deficiencies and shortcomings, just the way we are.

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