Central Government is satisfied that according to a practice that was generally prevalent regarding levy of duty of excise (including non-levy thereof) under section 3 of the Central Excise Act, 1944 (1 of 1944), (hereinafter referred to as the said Act), on Heena Powder and Paste falling under Chapter 33 of the First Schedule to the Central Excise Tariff Act, 1985
On Wednesday, April 19, 2017, the Union Cabinet decided to amend the Motor Vehicle Rules to end the use of red or any coloured beacon by all, including the President, Vice President and the Prime Minister. Every Indian is special. Every Indian is a VIP, Prime Minister Narendra Modi tweeted soon after.
In this case basic issue to be decided was about the interest payment made by the partnership firm to the partners in light of the provisions of section 14A read with rule 8D of the Rules.
Every year Central Board of Direct Taxes issues circular on Income Tax deduction from salaries under section 192 of the Income Tax Act, 1961. For the Financial year 2016-17, CBDT issued circular relating to provisions of salary & TDS on salary for current year via circular no. 01/2017 dt. 02/01/2017. This article tries to focus on amendments in FY 2016-17 by comparing with the provisions of FY 2015-16.
Assessment and Audit play an important part in any tax administration. Goods and Services tax law is primarily based on self-assessment. The tax payer would avail the off set of input credit of taxes against his final liability to settle balance taxes which would be paid in cash.
The provisions relating to Point of Taxation (POT) are very essential element of any law as it fixes the point when the liability to pay tax arises.
At the outset the Bar Council of India would like to make it clear that the independence and autonomy of the Advocates cannot be compromised at any cost. Advocates are the backbone of any civil society. Advocates are the class which ensures actual implementation of the constitutional, fundamental and legal rights when they are violated.
The provisions related to Appeals and Revision are contained in chapter XVIII-from section 107 to section 121. It gives a detailed explanation on authorities on appeal and revision, appealable and non-appealable orders and decisions and procedures in appeal to be followed by appellant and authorities.
The subject of discussion being touched here is a not a new but commonly searched topic by the young professionals, both in employment or practice, who are looking for quick solutions as to the position of law and compliance requirements on date due to confusion on account of plethora of clarifications/ circulars and exemptions to private companies.
CIT(A) who have yet to upload the disposal for FY 2016-17 on ITBA module or to remove the duplicate appeals may be directed to do so immediately and latest by 30.04.2017. This may be treated as MOST URGENT.
