I am directed to refer to the above mentioned subject and to say that the decision of the Hon’ble Supreme Court in the case of N.R. Parmar has been implemented by Ahmedabad, Lucknow and Guwahati charge. Consequent upon this, CBDT is receiving
notification of the Central Board of Excise & Customs No. 66/2015-CUSTOMS (N.T.), dated 2nd July, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto,
It is a matter of general belief that taxes on income and wealth are of recent origin but there is enough evidence to show that taxes on income in some form or the other were levied even in primitive and ancient communities. The origin of the word Tax is from Taxation which means an estimate.
Kind reference is invited to AIS instructions no. 80, AST instruction no. 97 and 134 on the above subject (copies enclosed for ready reference) wherein procedure for migration of PAN lying in old/orphan/defunct Jurisdiction to the Jurisdictional A.Os. through the Nodal officer/jurisdiction defined under CIT(CO) was circulated.
All contract or transactions existing on the 1st day of April, 2015 or entered into on or after the 1st day of April, 2015 shall be dealt with in accordance with the provisions of Income Computation and Disclosure Standards
Money can get many things, but not all of our life. Can we buy health, love and affection? Is it possible to remove a person’s pain and problems with money alone? Despite the facilities like best teaching, environment and timely food, a student fails in the exams. A man asked God, Give me everything to enjoy life. God replied, I have given you life to enjoy everything. Life can be happy without money, but not the other way round.
In exercise of the powers conferred by sub-section (1) of section 7 the Delhi Entertainments and Betting Tax Act, 1996 (Delhi Act No.8 of 1997) and in partial modification of this Government’s Notification Nos. F12(5)/97-Fin(G)/1406 dated the 31st December, 1999 and No. F.10(16)/Fin(T&E)2009-10/JS Fin/63 dated the 1st February, 2010 the Government of National Capital Territory of Delhi hereby makes the following amendments which shall come into force with effect from 20th July, 2015, namely:-
(1) These rules may be called the Delhi Entertainments and Betting Tax (Amendment) Rules, 2015. (2) They shall come into force with effect from 20th July, 2015.
Government of National Capital Territory of Delhi hereby notifies that the rate of entertainment tax on payment for admission in respect of all cinematographic exhibition of films in the National Capital Territory of Delhi, shall be forty percent. The notification shall come into force with effect from 20th July, 2015.
No. F.3(10)/Fin(Rev-I)/2015-16/DS-VI/546 Dated the 15th July 2015 In the Sixth Schedule appended to the Delhi Value Added Tax Act, 2004. the entry at S. No. 10 shall be omitted with effect from 16th July, 2015.
