Amendments carried out in the Finance Bill, 2023 related to GST except those in clause 142 will come into effect from the date when the same will be notified concurrently, as far as possible, with the corresponding amendments to the similar Acts passed by the States & Union territories with legislature. Amendments carried out in the Finance Bill, 2023, vide clause 142 will come into effect retrospectively from 1st July, 2017.
Make import and export simpler with tips from the Post Office! Learn the legal provisions for import-export and Post Parcels facilitated by Postal Department.
Import and Export through Courier with minimal formalities & fast clearance. Regulations 1998 & 2010 allow for courier documents scrutiny for duty payment.
Understand the provisions of the Customs Act, 1962 regarding Detention and Release/Storage of Imported/Export Goods. Learn how various agencies can detain goods and the restrictions that follow.
Understand Refunds under Customs and IGST Act, legally binding provisions and requirements to claim them. Learn more on how to claim refund on non-leviable/excess duty paid. Find out more about Customs and IGST Act and check what paperwork is required!
Where an assessee declares profits and gains of business for any previous year in accordance with the provisions of presumptive taxation, no set off of unabsorbed depreciation and brought forward loss shall be allowed to the assessee for such previous year.
Learn how Budget 2023 will increase the TCS on overseas tour packages, as provided in Section 206C and sub-section (1G) of the Act. %keyphrase
It is proposed to impose a limit on the maximum deduction that can be claimed by the assessee under section 54 and 54F to rupees ten crore. It has been provided that if the cost of the new asset purchased is more than rupees ten crore, the cost of such asset shall be deemed to be ten crores. This will limit the deduction under the two sections to ten crore rupees.
It has been noticed that a variety of hybrid securities that combine features of plain vanilla debt securities and exchange traded derivatives are being issued through private placements and listed on stock exchanges. It is seen that such securities differ from plain vanilla debt securities.
Get the details on TDS and taxability on net winnings from online games in Budget 2023. Section 194B, 194BB, & 115BB provide the rate of tax & more. Know now!
