Changes in Customs tariff ( Rates):- Make in India theme, Reduction in duty on raw materials, Increase in duty on finished goods Significant Changes in Legislative Changes in Customs Act, 1962 Changes in Customs tariff Act, 1975
A) Advisory to Taxpayers on Improved GSTR-3B Return Filing Process Filing of GSTR 3B Return made easier and user friendly. Optimum utilization of ITC is displayed by System, which however can be edited. The amount to be paid in cash after taking into account ITC, gets displayed. One click Challan preparation to avoid payment of […]
GST Revenue Collection figures appearing in certain section of media are not authentic.Therefore,the same may be ignored.The Department of Revenue, Ministry of Finance releases authentic GST Revenue figures for every month through PIB
Why buy health insurance? In spite of being an important part of the general insurance portfolio, a mediclaim policy isn’t something that every Indian purchases. I fact, less than 10 percent people in India have health insurance, and approximately 72 percent of the Indians are spending out-of-pocket for the health care costs, according to national surveys.
Article deals with 5 FAQs on Blocking of Input Tax Credit (ITC) from utilization by jurisdictional tax officer and also unblocking of the same.
In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to introduce the following bills in the Parliament:-
M/s Global Agency Vs General Manger & Ors (Karnataka High Court) Unless a cause of action arises to the petitioner-assessee by an impugned action notice or order by the Respondents-Department, the academic questions raised by the petitioner-assessee cannot be determined under Article 226 of the Constitution of India. The writ petition found to be premature […]
It is clarified that the modus operandi of this event has nothing to do with the happening in one of the largest Public Sector Banks. The incident happened in our Bank is because of the cyber attack initiated by the international cyber criminals and there is no evidence of internal staff involvement.
News appearing in certain section of media that Tax Department has estimated that Indian banks could take a hit of more than $3 bn due to alleged fraud at PNB, is false & factually incorrect. @IncomeTaxIndia has NOT made any such prediction
The youth of today earn higher salaries enabling them to make intelligent investment decisions from their early career. When you start early, you are able to enjoy financial independence and security. However, most early 20s youngsters do not consider saving and investments one of their top priorities. Their financial freedom, education loan burden, and the […]
