There is no dispute with regard to the fact that creditors do fall within the category of specified persons contemplated in section 40A(2)(b) of the Act. Short question before us is, whether payment of interest at the rate of 18% to such persons on the loans availed from them is excessive or not, having regard to the fair market value of such loans.
The list of Budget documents presented to the Parliament, besides the Finance Minister’s Budget Speech, is given below
The Finance Minister has, while presenting the Union Budget 2018-19, introduced the Finance Bill in the Lok Sabha on the 1st of February, 2018. While Clause 99 of the Bill relates to exemption from integrated tax levied under section 3(7) of the Customs Tariff Act, 1975, Clauses 103 to 105 of the Bill cover the changes relating to service tax levied under the erstwhile Chapter V of the Finance Act, 1994, prior to 1St July 2017.
Taking into consideration the requests received, it has now been decided that the Chartered Accountant Examinations, i.e Foundation, Intermediate (IPC), Intermediate, Final Examination ( Both under the Old and New Scheme) and the Post Qualification Course Examination i.e. International Taxation – Assessment Test (INTT – AT) would be held from 2.00 PM to 5.00 PM (IST) on all the examination days, i.e. from 2nd May 2018 to 17th May 2018.
Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls.
E way Bill- What is it? E way Bill- Why? Benefits? E way Bill- When is to be generated? By whom? How? E way Bill- What if no taxable supply? E way Bill- Is it mandatory? What if not done? E way Bill- Supply by unregistered persons? E way Bill- Concept of acceptance by recipient? E way Bill- Validity period? Whether extendable?
Notified 1st day of February, 2018 as the date from which the provisions of E-way bill (Amended Rules 138 to 1380) shall come in force. E-way Bill applicable on both Intra & Inter-state supplies.
Schedule 2 of ITC(HS), 2018 contains current export policy of items indicated along with policy conditions to be fulfilled, if any. The same is available on the DGFT website (www.dgft.gov.in) under heading captioned ITC(HS), Schedule 2, Export Policy 2018′.
M/s. Rosalinds Mediretta Institutional Foundation Vs. CST (CESTAT Delhi) Post 2008, the appellants discontinued the course in collaboration with the Thames Valley University, UK. They have started a 3 year course of BA (Hons) in International Hospitality Administration approved by IGNOU, leading to an award of degree by IGNOU, which is, admittedly, a recognized open […]
There is no condition for co-operative society to be engaged in the activity of providing credits to the members or banking business for availing of the deduction under section 80P(2)(d).
