Consequent to the proposal for withdrawal of exemption under section 10(38) of the Act, the FIIs will be liable to tax on long term capital gains arising from transfer of long term capital asset being equity shares of a company or a unit of equity oriented fund or a unit of business trusts only in respect of amount of such gains exceeding one lakh rupees.
Reiterating the pledge given to the people of India four years ago to give this nation an honest, clean and transparent Government, and to build a strong, confident and a New India
Pr. CIT Vs Shanti Lal Jain (Rajasthan High Court) It is an admitted position that for the purpose of getting immunity from the penalty imposed under Clause 2 of explanation 5 to section 271(1)(c) of the Income Tax Act, 1961, three conditions are required to be satisfied by the assessee. Firstly, if the assessee makes […]
Seeks to exempt high speed diesel oil blended with alkyl esters of long chain fatty acids obtained from vegetables oils, commonly known as bio-diesels, up to 20% by volume, that is, a blend, consisting 80% or more of high speed diesel oil from the additional duty of excise (road and infrastructure cess) levied under clause 110 of the Finance Bill 2018
Notification No. 12/2018-Central Excise Seeks to exempt 10% ethanol blended petrol from additional duty of excise (road and infrastructure cess) levied under clause 110 of Finance Bill 2018
Notification No. 11/2018-Central Excise Seeks to exempt 5% ethanol blended petrol from the additional duty of excise (road and infrastructure cess) levied under clause 110 of the Finance Bill 2018
Notification No. 10/2018-Central Excise Seeks to exempt duties of excise on goods falling within Fourth Schedule to Central Excise Act, 1944, in excess of amount calculated at the rate of 50%
Notification No. 09/2018-Central Excise- Seeks to reduce rate of Basic Excise Duty (BED) on petrol diesel by Rs. 2/- per litre but benefit of such reduction will not be passed to consumer.
Notification No. 08/2018-Central Excise- Central Government exempt Additional Duty of Excise (Road Cess), levied U/s. 133 of Finance Act, 1999
Central Government hereby exempts the additional duty of excise on the goods specified in the Second Schedule to Finance (No. 2) Act, 1998
