To sum up, behind the success of all the initiatives, strategies, decisions and proposals of Ministry of Steel, one major contributing factor has been the continuous support from the partner Ministries. So these bonds of steel are underlying all Inter-Ministerial deliberations and outcomes. Let me go one step further and assert that Ministry of Steel is only a case in point, and I can say with confidence that this camaraderie, this partnership and this understanding is the hallmark of each Ministry under the Narendra Modi Government.
The 2017-18 budget can also be dubbed as a landmark budget from the point of view of property consumers. The budget taxes the affluent and rewards the honest tax payers by way of big personal income tax relief for the lower middle class by halving the tax on yearly income of 2.5- 5 lakh, besides raising IT limit to 3 lakh. Moreover, budget provisions discourage speculative buying by High Net-worth Individuals and on the contrary encourage genuine end- user buying of affordable homes.
Vacancy for the position of Director, Indirect Tax with a Mumbai Based leading Constancy firm having experience in the field of 10 to 15 Years.
In exercise of the powers conferred under sub-sections (1) and (2) of section 434 of the Companies Act, 2013 (18 of 2013) read with sub-section (1) of section 239 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the Code), the Central Government hereby makes the following rules further to amend the Companies (Transfer cal Pending Proceedings) Rules, 2016, namely
Ministry of Health & Family Welfare in the Government of India is supporting multiple programmes and initiatives under National Health Mission to achieve goals as provided in National Framework for Implementation of Scheme
The learned Counsel for the assessee submitted that the assessee is a concern which is eligible for claiming exemption u/s 10A of the Act and therefore, all of its income is exempt from tax in India and hence there is no intention to shift its profit outside India and more so, when the tax rates in USA, where the AEs are located, is higher than in India.
ITAT held that that if interest income does not result at all, there cannot be any tax and that if an income has not materialized, then merely an entry made about a hypothetical income by following book keeping methods, the liability to tax cannot be attracted.
From the evidences as recorded and analysed in the impugned order, the role of the Director has not been specifically discussed and brought out the fact that non-payment of duty was at his instance. In these circumstances, the personal penalty on the Director is unwarranted and accordingly set aside.
Reserve Bank of India has set up an Inter-disciplinary Standing Committee on Cyber Security to, inter alia, review the threats inherent in the existing/emerging technology; study adoption of various security standards/protocols; interface with stakeholders; and suggest appropriate policy interventions to strengthen cyber security and resilience.
The assessee has been held entitled to adjustment of cash seized against its advance tax dues. It has further been held that the Explanation 2 to Section 132B of the Act is not retrospective in nature.
