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All about Sovereign Gold Bonds 2016-17 – Series IV

February 23, 2017 1263 Views 0 comment Print

Sovereign Gold Bonds 2016-17 – Series IV Interest on the Bonds shall be taxable as per the provisions of the Income-tax Act, 1961. The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond

Amendment in FTP related to replenishment of Precious metals

February 23, 2017 708 Views 0 comment Print

In case where CENVAT credit facility on Precious metal (Gold, Silver and Platinum) as input has been availed and Gems and Jewellery products are exported availing rebate, then replenishment of Precious metal shall be allowed

Aadhaar mandatory for beneficiaries of Ujjawala Scheme

February 23, 2017 702 Views 0 comment Print

Aadhaar mandatory for Any individual desirous of availing benefit under Ujjawala Scheme, who does not possess Aadhaar number or has not yet enrolled for Aadhaar shall have to apply for Aadhaar enrolment by 31st March 2017

Aadhaar mandatory under Swadhar Greh Scheme

February 23, 2017 1767 Views 0 comment Print

Ministry of Women and Child Development in the Government of India is administering the Swadhar Greh Scheme (hereinafter referred to as the Scheme), which targets the women victims of unfortunate circumstances who are in need of institutional support for rehabilitation so that they could lead their life with dignity

S. 80IA Govt. Notifies industrial park of Ascendas IT Park (Chennai) Ltd.

February 23, 2017 855 Views 0 comment Print

Central Government hereby notifies the undertaking, being developed and being maintained and operated by M/s. Ascendas IT Park (Chennai) Ltd, as an industrial park for the purposes of the said clause (iii) subject to the terms and conditions mentioned in the annexure of the notification.

Sec. 10(46): CBDT notifies Assam Electricity Regulatory Commission

February 23, 2017 645 Views 0 comment Print

Central Government hereby notifies for the purposes for clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), Assam Electricity Regulatory Commission, constituted by the Government of Assam, in respect of the following specified income arising to that Commission, namely:

One Day Strike by Income Tax Employees on 16th March, 2017

February 23, 2017 534 Views 0 comment Print

Income Tax Employees Federation, New Delhi has intimated that they will go on One Day strike on 16th March, 2017 in persuasion of 21 Point Charter of Demands.

CBDT SOP for Service Litigation & Vigilance related Court matters

February 23, 2017 3330 Views 0 comment Print

A SOP has now been prepared for effective, efficient and time bound handling of all the cases of service litigation by CBDT. All the field authorities should meticulously observe the prescribed guidelines within stipulated time limits as mentioned in the SOP.

CG notifies National Iranian Oil Company as Foreign Company

February 23, 2017 969 Views 0 comment Print

In exercise of the powers conferred by clause (48) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the national interest, hereby notifies for the purposes of the said clause, the National Iranian Oil Company, as the foreign company

Luxury Tax leviable on Plinth Area: Kerala HC

February 22, 2017 15366 Views 1 comment Print

The petitioner is aggrieved with the revisional order passed at Ext.P5. The petitioner challenges the assessment made of the building constructed by the petitioner, under Section 5A of the Kerala Building Tax Act, 1975 (Act for short).

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