Indias total containerized cargo capacity of 8.75 million TEUs (twenty-foot equivalent units) at all its 12 major ports, a key indicator of a country’s integration with global supply chain for value-added manufactured goods
It was decided to follow the following process for change of date of birth of members of Employees’ Pension Scheme 1995-(i) In case the correction required in date of birth is upto plus or minus one year, Aadhaar will be accepted as a valid document for date of birth.
Central Government notifies vide Notification No. 97/2017 ‘Manipur State Rural Road Development Agency’, a body established by Government of Manipur, in respect of the specified income arising to the body under Section 10(46) of the Income-tax Act, 1961
After the slump price has been attributed first to the value of tangible assets, then the balance is to be attributed to intangible assets and once the same is done and whether it is under the umbrella of know-how, trademarks, patents or goodwill, it makes no difference since all these are covered under the umbrella of intangible assets, which are eligible for claim of depreciation under section 32(1)(ii) of the Act.
Another suggestion was made to lower the Corporate Tax up to 20% by removing all exemptions in order to make it competitive at international level. It was also suggested to tax Long Term Capital Gains to bring equity and raise revenue, reduce MAT (Minimum Alternate Tax), and announce the road map for GST including convergence of rates, extending time for transactions’ matching etc.
The refund applications in respect of the Export of Goods with payment of tax-to be dealt by Custom Authorities. The refund application is respect of the following contingencies shall be dealt as given below:
The above modification/revision of SIONs would be effect from date of issue of Public Notice. Standard Input Output Norms (SIONs) A-343 and A-3488 for export product falling under the Chemicals and Allied Products Group has been amended.
ITAT Ahmedabad clarifies Section 54: Exemption on capital gains for new property. Extended filing, capital gain scheme explained. Case details.
CBI REGISTERS A DISPROPORTIONATE ASSETS CASE AGAINST “PREVENTIVE OFFICER” OF DEPARTMENT OF CENTRAL EXCISE AND CUSTOMS Press Release New Delhi, 08.12.2017 The Central Bureau of Investigation has registered a case against Preventive Officer, Department of Central Excise and Customs, New Custom House, Fort, Mumbai U/s 13 (2) r/w 13 (1) (e) of PC Act 1988 […]
Under the provisions of recently introduced section 139AA of the Income-tax Act, 1961 (the Act), with effect from 01.07.2017, all taxpayers having Aadhaar Number or Enrolment Number are required to link the same with Permanent Account Number (PAN).
