As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India.
Whats your 2017-New-year Resolution? I asked my friend, Kushal, as I sipped a cup of tea. I had posed the question to many and got the usual, cliche and even funny answers like: Weight loss, Fitness goals, to be happier, to get a good job, to marry and what not!
It has come to the notice of CBDT that in some Regions role of CIT (Admn. & TPS) is restricted by the Pr. CCIT (CCA) and they are not made part of various administrative functions in headquarter of Pr. CCIT (CCA), especially functions related to transfer and posting, vigilance etc.
In the case of Commissioner of Income Tax Vs. Karnataka Planters Coffee Curing Works (P) Ltd. assessee had shown sudden increase in creditors without any matching purchase transactions.
Rights of Persons With Disabilities Act, 2016 received the assent of the President on the 27th December, 2016, and is hereby published for general information
Government may,specify industrial or other establishment, which shall pay wages only by cheque or by crediting wages in bank account of employee.
170. Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations. This is a new provision added in the act aiming to cover such assessees who are engaged in manufacture of both taxable and exempted goods or are providing both taxable and exempted services
Inclusion of Show Cause Notice issued in relation to sub-section (11) of Section 28 of the Customs Act, 1962 on the competency of officers of DGDRI, DGCEI and Customs (Prev.) in the Call Book; Issuing Clarifications-reg.
No. VAT. 1516/C.R. 178/Taxation-1.— In exercise of the powers conferred by the proviso to sub-section (6) of section 20 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby amends the Government Notification, Finance Department No. VAT. 1513/C. R. 124/Taxation-1, dated the 1st January 2014, as follows
Section 169. Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations This provision intends to enable the taxable person to avail the cenvat of duties and taxes in respect of inputs held in stock subject to certain conditions. The provision reads as follows
