The matter is called out for final hearing as the matter is specifically listed for final hearing in summer vacation. Heard the learned counsel for the Petitioner and the learned Government Pleader for the State. 2. The Petitioner which is a private limited company holding FL II license and carrying on business of selling liquor […]
If a case falls under clause (i) of section 10(10), the entire amount of death-cum-retirement gratuity becomes exempt. Au contraire, if a case falls under sub-clause (iii) of section 10(10), then, the exemption is limited to the amount as the Central Government may notify in official gazette.
The vivacious culture of India is elevating to the entire planet, both humans and nature. Down the memory lane, Indian culture has manifested in various realms across Asia and beyond and is still found flourishing overseas. The Government of India has been reaching out to dozens of countries to bring out this lost link and to give a glimpse of India though a series of India Festivals in respective countries.
Supreme Court in the case of Raj Dadarkar & Associates vs. ACIT [2017] 81 taxmann.com 193 (SC) has clearly held that in case the provisions of Section 22 are applicable the property is to be assessed as income from house property.
The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley has thanked all the political parties for their cooperation and contribution in making the launch of Goods and Services Tax (GST) possible with effect from 1st July, 2017. In a letter addressed to the Presidents of the different political parties, the Finance Minister Shri Jaitley said that with the cooperation of all the political parties, the 101st Constitutional Amendment Act for Goods and Services Tax (GST) was passed by the Parliament and the same was notified on 8th September, 2016. The Finance Minister said that three laws viz GST, IGST and UTGST have already been passed by the Union Parliament while the SGST law has been passed by the 25 State Legislatures.
ICAI members enrolled as Insolvency Professional under the Insolvency and Bankruptcy Code, 2016 can render services under the said Code either individually or as an entity.
The early stage of earning life has some of the most difficult investment decisions to make. Juggling between current needs, household purchases and long term goals can be quite confusing, and the struggle can be tiresome. Many do decide to overlook the long-term goals and focus only on current needs.
Commissiono instructs CBDT to convene periodic conferences/ seminars to sensitise, familiarise and educate the concerned officials about the relevant provisions of the RTI Act, 2005 for effective discharge of its duties and responsibilities.
The department has now generated Computerized Desk Audit (CDA) reports for the period 2014-2015 after analyzing electronic data pertaining to e-Returns, audit reports in form e-704 and annexures thereof uploaded by all the dealers. The CDA for this period has resulted into -findings of likely tax liability in respect of some of the dealers. The CDA findings for this period are available through dealers’ access on the web site www.mahavat.gov,in and also dealers can submit compliance electronically. The dealer will not be required to visit the sales tax office for audit period if he agrees with the findings of the CDA and pays tax as per CDA along with applicable interests.
An Indian employee will be treated as International Worker only when (i) he has worked or is going to work in a foreign country with which India has entered into Social Security Agreement and (ii) he is eligible to avail the benefits under a social security programme of the said foreign country.
