This as a fit care where the Bench may recommend to Tamilnadu Bar Council to take appropriate action against him. But, by keeping a lenient view in mind, we adjourn the case at the cost of Rs. 1,000/-(Rupees on thousand only) which will deposited by the counsel toward Prime Minister’s Relief Fund within three days from today. On the next date of hearing, proof of deposit shall be submitted.
A new sub para further specifying the provision for amendment of import/export items under EPCG Scheme is being added. Documents to be submitted in case of third party exports are being further clarified.
ASSOCHAM has impressed upon the central bank and the Finance Ministry to ensure adequate transmission of cuts in the interest rates even as the industry would seek at least 50 -75 basis point reduction in the benchmark lending rates, post demonetization.
With the goods and services tax (GST) on the anvil, all state governments are working very closely with central government and all efforts are on to put the elaborate information technology (IT) infrastructure in place for smooth handling of massive amount of data, a top CBEC (Central Board of Excise and Customs) official said at an ASSOCHAM event held in New Delhi today.
Shri Mukhtar Abbas Naqvi has said that the Union Budget (General) 2017-18 will be helpful in socio-economic-educational empowerment of Minorities. Shri Naqvi said that the Budget of Minority Affairs Ministry has been increased to Rs 4195.48 crore for 2017-18. This is Rs 368.23 crore more than 2016-17 Budget of Rs 3827.25 crore with an increase of about 9.6 per cent.
Here we have produced Analysis of Union Budget 2017-18 of Central Excise Rules, 2002 ,Excise Tariff Changes, Central Excise Tariff Act 1985 , Central Excise Act 1944, Customs Tariff 2017-18 , Customs Act 1962 , Income Tax Act, 1961 and Transfer Pricing / GAAR / POEM Budget Analysis 2017-18 CENTRAL EXCISE RULES, 2002 EXCISE TARIFF […]
Life Insurance Policy not only provides insurance but also qualifies for tax savings under section 80C of the Income Tax Act, 1961. Many people ask me as to why should we invest in plans of Life Insurance Co. of India when better returns can be obtained from other avenues like NSC, jewellery, land, etc.
Section 13A of the Income-tax Act, 1961 confers tax-exemption to recognized political parties for income from house property, income by way of voluntary contributions, income from capital gains and income from other sources. In other words, only income under the head salaries and income from business or profession are chargeable to tax in the hands of political parties in India.
Earlier outward supply was restricted to transactions like sale, transfer, barter, exchange, licence, rental, lease or disposal, whereas in the new definition any other means has been added thereby widening the scope of the definition.
In every value added taxation structure, Input tax credit remains the backbone of such tax structures as it removes the cascading effect of taxes. In GST also being a value added tax, it is the intention of the lawmakers to allow seamless flow of credit in the supply chain and remove cascading effect of taxes.
