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Royal Buggy used by royal family for ceremonial occasions is exempt from Wealth Tax

July 25, 2017 789 Views 0 comment Print

This appeal is filed by the assessee challenging the judgment of the Income Tax Appellate Tribunal (Tribunal for short) dated 26.9.2001. Appeal was admitted for consideration of following substantial question of law.

Period of exclusion regarding direction U/s. 142(2A) commences from the day on which AO gave a direction

July 25, 2017 822 Views 0 comment Print

(i) Whether the findings of the Tribunal are perverse in holding that for the purpose of limitation under section 158BE, the period is to be counted from the date on which the direction under section 142(2A) is served on the assessee and not from the date of issuance of direction by the assessing officer under section 142(2A) ?

Amendment in Authority under Prohibition of Benami Property Law

July 25, 2017 861 Views 0 comment Print

S.O. 2320 (E).—In exercise of the powers conferred under sub-section (2) of section 28 read with section 59 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) the Central Government hereby makes the following amendment in the notification of the Government of Indi

SEBI (Depositories and Participants) (Second Amendment) Regulations, 2017

July 25, 2017 897 Views 0 comment Print

No. SEBI/LAD-NRO/GN/2017-18/013.—In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with Section 25 of the Depositories Act, 1996 (22 of 1996), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996

Foreign Trade (Exemption from application of Rules in certain cases) Amendment Order, 2017

July 25, 2017 1818 Views 0 comment Print

S.O. 2322(E).—In exercise of the powers conferred by section 3, read with section 4, of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992), as amended by the Foreign Trade (Development and Regulation) Amended Act, 2010

GST- Bird’s Eyeview

July 25, 2017 6453 Views 2 comments Print

GST is a comprehensive Value Added Tax on Goods and Services. It is collected on value added at each stage of sale and purchase in the supply chain without state boundaries. The proposed GST is a destination based indirect tax that will be levied on supply of Goods and Services

One Nation -One Tax – Either Direct Tax or Indirect Tax

July 24, 2017 2028 Views 1 comment Print

Fellow citizens—kindly spare few minutes to go the following cryptic note; if convinced promote this idea as you deem fit so that government comes out with tax reform on the lines suggested.

Medicare and Social Security (Samaaj Suraksha)

July 24, 2017 774 Views 0 comment Print

(we have attempted the following as seed for thought – every citizen is requested to improve upon it and take it forward with the appropriate authorities so that it becomes a reality – Thank.

Redefining the Indirect Tax Structure under New GST Regime

July 22, 2017 3531 Views 0 comment Print

The Goods & Service Tax is a comprehensive value added tax on the supply of goods and services. Destination based consumption tax. Aims to provide cost competitiveness to the indigenous goods / services in the international markets.

Reg. discontinuation of anti-dumping duty imposed on Soda Ash

July 22, 2017 813 Views 0 comment Print

Whereas, a Sunset review anti-dumping investigation concerning imports of ‘Soda Ash’, originating in or exported from China PR, European Union, Kenya, Pakistan, Iran, Ukraine and USA was initiated

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