The Union Finance Minister Shri P. Chidambaram said that the restricting the import of gold helped in containing Current Account Deficit (CAD) and balance of payments’ position. Shri Chidambaram said that the restrictions on gold may be revisited at the end of the current fiscal.
The Supreme Court has upheld that order of the Bombay High Court and held that parking spaces cannot be sold by the builder. They are a part of the common areas and the cost of that land has to be charged to all the flat-owners in proportion to their carpet area.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do
When a partner receives her/his share in the assets of the partnership firm or when he receives anything in excess of her/his share in the assets of the partnership firm and even in a case a partner receives a share of profit either in case of retirement or in case of dissolution, the same cannot be brought to tax
Pan masala, pan masala containing tobacco (gutkha), chewing tobacco, unmanufactured tobacco and filter khaini packed in pouches with the aid of packaging machines are leviable to excise duty in terms of section 3A of the Central Excise Act. The rates of duty applicable to all these goods under the compounded levy scheme have been increased. In this regard, I am directed to invite your attention to:
Another responsibility on TIN_FCs. Poor TIN_FCs are required to fulfill all obligations without expecting adequate considerations/remunerations in return. At the top of above they are exposed to all kind of penalties by NSDL for not meeting their standards. What a pity for them.
Can Fin Homes Ltd. (CFHL), invites applications from the eligible/interested Firms/ Companies for empanelment as External Auditors for conducting Internal Audit of 8 identified branches at intervals for the period covering from 01.10.2013 to 30.09.2016, subject to the norms of the Company.
The divisions falling under Central Excise Commissionerate, Ludhiana (Punjab) has started issuing show cause notices to the exporters who are claiming refund claim under Para 3 of Notification No. 41/2012 ST dated 29.06.2012 in respect of services utilized used in the export of excisable goods. The said notification provides refund of service tax paid on specified services used in exports of goods beyond place of removal.
As per the records of Centralized Processing Cell (TDS), the Original TDS Statement(s) for Quarter 2 of FY 2013-14 (July – September, 2013) has not been submitted within the prescribed due date by many of the deductors. Please note that late filing of TDS Statements not only delays TDS Credits to the deductees, but Also […]
Indian economy is currently facing lot of challenges in many front whether its policy paralyses, falling rupee rate, inflation, current account deficit etc. but one of the critical which has a severe impact on everyone is Fiscal Deficit.
