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S. 10A Deduct Foreign currency Expenses from Export /Total Turnover

March 24, 2017 1944 Views 0 comment Print

Insurance & Travelling Expenses incurred in Foreign Currency needs to be Excluded from both Export and Total Turnover for the purpose of section 10A Calculations

Provisions for gratuity actually accrued during the year is allowable

March 24, 2017 157515 Views 1 comment Print

Provisions contained in section 40A(7)(b) that provision made by the assessee for the purpose of payment of any gratuity, that has become payable during the year is allowable which means that the liability which has actually accrued during the year is allowable.

Using digital technology to accelerate business growth

March 24, 2017 447 Views 0 comment Print

In India, adoption of advanced business digital technologies can lead to increase in revenues by up to 27%, increase in employment by up to 84% and enhanced access to international markets by up to 65% for small and medium business (SMBs), according to ASSOCHAM-Deloitte joint study.

Notification No. 10/2017-Customs (ADD), Dated: 24.03.2017

March 24, 2017 1170 Views 0 comment Print

Seeks to order provisional assessment on imports of 1,1,1,2-Tetrafluoroethane or R-134a, originating in or exported from People’s Republic of China by M/s. Zhejiang Sanmei Chemical Ind. Co., Ltd.

Anti-dumping duty on imports of Indolinone from China

March 24, 2017 855 Views 0 comment Print

Seeks to impose anti-dumping duty on the imports of Indolinone originating in or exported from the People’s Republic of China up to and inclusive of 20th November, 2019.

No Reopening of Assessment on the basis of mere Audit Objection: SC

March 24, 2017 8502 Views 0 comment Print

The present appeal has been filed against the final judgment and order dated 17.11.2006 passed by the Division Bench of the High Court of Jharkhand at Ranchi in W.P. (T) No. 2630 of 2006 whereby the High Court dismissed the petition filed by M/s Larsen & Toubro Ltd.-the appellant –Company while upholding the order dated 27.02.2006 passed by the Deputy Commissioner

Aadhaar Seeding Services by EPFO offices for KYC Seeding

March 24, 2017 1758 Views 0 comment Print

In pursuance to the policy of the Government of India, of optimum use of information technology for efficient service delivery and widening the reach of EPF benefits, appropriate guidelines have been issued from this once for installation and operatonalisation of proper infrastructure in the field offices of ERR) to help and facilitate our

An Analysis of Properties and Sources of Divergence

March 24, 2017 642 Views 0 comment Print

A key feature of the inflationary process during 2015-16 was the large divergence in the Consumer Price Index (CPI) and Wholesale Price Index (WPI) inflation.

Banks to remain open on all days from 25.03.2017 to 01.04.2017

March 24, 2017 5985 Views 1 comment Print

All Agency Banks are advised to keep all their branches dealing with government business open on all days in the current financial year and on April 1, 2017 (including Saturday, Sunday and all holidays).

Customs Clearance in case of RMS facilitated BEs for Pulse import

March 24, 2017 1368 Views 0 comment Print

It has been decided to streamline the import procedure for import of pulses especially when the importer is a DPD client and Bill of Entry is RMS facilitated i.e. under No assessment, & No examination.

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