THE CURRENT ECONOMIC SITUATION AND THE CHALLENGES Decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by the society. Country in no mood to suffer unemployment, inadequate basic amenities, lack of infrastructure and apathetic governance. Challenging situation due to Sub […]
The announcement made by the Finance Minister that the Government will not ordinarily bring in any retrospective amendments” is a welcome move and will bring in much needed comfort to foreign and domestic investors. However, the uncertainty surrounding the existing litigations has been left unanswered as compared to market expectation of relief in this area
Government Committed To Achieve Fiscal Deficit Of 4.1% For 2014-15. Subsidy Regime To Be Made More Targeted For Full Protection To The Marginalized, Poor And Sc/St. Government To Promote FDI Selectively In Sectors.
he Division Bench held that a legal practitioner having an office cannot be said to be carrying on commercial activity and would not fall within the definition of the expression commercial establishment.
Issue of Shares against any other funds payable by the investee company, remittance of which does not require prior permission of the Government of India or Reserve Bank of India under FEMA ,1999 or any rules/ regulations framed or directions issued thereunder, provided that:
A comprehensive guide to income tax return filing for non-audit and non-corporate individuals. Learn about the process and important concepts.
Entry 82 of the Union List of Schedule VII of the Constitution of India empowers central government to levy tax on all income other than agricultural income. The government of India imposes an income tax on taxable income of all persons including individuals, Hindu Undivided Families (HUFs), companies, firms, association of persons, body of individuals, local authority and any other artificial judicial person. […]
In the Budget 2011-12, excise duty of 1% was imposed on chemical fertilizers falling under Chapter 31 of the Central Excise Tariff such as Urea, Di-ammonium Phosphate (DAP), Ammonium Sulphate, Single Super Phosphate (SSP), etc. and various grades of complex fertilizers.
Government of India, Ministry of Finance, Department of revenue, Tax Research Unit D.O.F. No. 334/15/2014-TRU, Dated July 10, 2014. Sub.: Union Budget, 2014-15: Changes in Service Tax – reg. The hon‟ble Finance Minister has, while presenting the Union Budget 2014-15, introduced the Finance (No.2) Bill, 2014 [hereinafter, the Bill] in the Lok Sabha on the […]
Pursuant to Section 2 (31) deposit includes any receipt of money by way of deposit or loan or in any other form by a Company, but does not include such categories of amount as may be prescribed in Rule 2(c). Further the definition of Deposit must be read with Rule 2(c) of Companies (Acceptance of Deposits) Rules, 2014.
