Lead pencil is covered by entry no. 76 of the Third Schedule appended to the DVAT Act, 2004. Further, the coloured pencil is not covered under any of the entry of any of the Schedules appended to the DVAT Act, 2004, hence, is an unspecified item covered under section 4(1)(e) of the Act and is taxable @ 12.5%.
The Central Bureau Of Investigation has today arrested an Assistant Commissioner of Income Tax, Aaykar Bhavan, S.T. Nagar, Thrissur along with another Assistant Commissioner of Income Tax in an alleged bribery case of Rs. Ten lakhs.
Charting 0 Values isn’t wrong, but you won’t always want to display them in you charts. Your data and the chart’s purpose will guide you in this decision. When you don’t want to display these values, you have a few choices, and some work better than others. We’ll review a few that offer quick but limited results with minimum effort.
Once the products are produced by a farmer or dairy produce is made by a person, then many processes are being done on the same before the same is put to use for any other purpose. If because of such process on the products made results in a new, distinct product,
While processing refunds of Embassies, High Commissions and International Organizations certain discrepancies were observed and due to this reason amount of VAT Involved in the invoices were disallowed. The discrepancies observed in certain cases are as under:
Excel’s Paste and Paste Special commands harbor a multitude of useful options. Use them to do everything from transposing data to copying Validation rules. The Paste Special command is in most Office applications, but Excel users probably benefit from it the most. Using this basic feature — as well as assorted Paste options — you […]
High Sea Sales (HSS) is a sale carried out by the carrier document consignee to another buyer while the goods are yet on high seas or after their dispatch from the port/airport of origin and before their arrival at the port/ airport of destination. An High Sea Sales contract/ agreement should be signed after dispatch of goods from origin & prior to their arrival at destination.
G S Rao Introduction: Inter corporate loans and investments play a vital role in the growth of Industries since they result in flow of funds to group companies or other companies in need of funds. In the Companies Act, 1956 Section 372-A deals with inter corporate loans and investments. In 1998 to give free hand […]
whether or not addition of Rs 5,739.60 crores (Rs 5739,60,05,089) made by the Assessing Officer with respect to the disallowance of loss on transfer of telecom infrastructure is justified, tenable in law and on the facts of this case.
regulated entities to report their OTC trades in Corporate Bonds and Securitized Debt instruments on any of the stock exchanges (NSE,BSE and MCX-SX) with effect from April 01, 2014. Copy of the RBI circular is enclosed.
