The Economic Survey 2016-17 presented in the Parliament today has highlighted the need for fiscal prudence both by the Centre as well as the States in order to maintain overall fiscal health of the economy. The Economic Survey states that the Centre’s Fiscal Responsibility and Budget Management (FRBM) Act, was mirrored by Fiscal Responsibility Legislations (FRL) adopted in the States.
Economic Survey: The Constitutional Amendment on GST will create a common Indian market, improve tax compliance and governance and boost investment and growth.
Finance Minister Shri Arun Jaitley Presented Economic Survey 2016-17 in the Parliament today Economic Survey says economic growth to return to normal as new currency notes in required quantities come back into circulation and follow-up action on demonetisation is taken. The CPI based core inflation remained stable in the current fiscal year averaging around 5 […]
Budget is being presented one month ahead and the rail Budget has now become a part of the Union Budget. There will be extensive debate in the Parliament on this issue and it will also reflect the ensuing benefits from the decision in the days to come.
Taking forward the concept of cooperative federalism through One nation-One tax and One nation-One market, both Houses of Parliament passed the Goods and Services Tax Act. 17 states governed by political parties across the political spectrum ratified this in a record 23 days. My Government is thankful to the GST Council for working to resolve outstanding issues.
Tariff value Notification No. 08/2017-CUSTOMS (N.T.) in respect of Fixation of tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
The Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of notices mentioned in column (2) of the said […]
There can be no two views that the notification of the constitution of the NCLT is a landmark event in the corporate law history of the country and it is a very important step towards providing ease of business. It should be remembered that the functioning of NCLT will be really tested in time to come. All the stakeholders including the practicing professionals be they Advocates, Practising Company Secretaries, Chartered Accountants or Cost Accountants, all of them will have their work cut out and must play a constructive role in making a success of the new justice delivery system.
The elections provided an opportunity for the officers and staff of the Income tax Department to contribute to the democratic process, both as citizens participating in elections, and as empowered Government officers carrying out their duties with professional competence and dedication
Where An Assessee Makes Investment In The Specified Bonds On Receipt Of Advance As Per An Agreement To Sale, Whether He Is Entitled To Claim The Benefit Under Section 54EC Of The Income Tax Act, 1961? Yes
