The tribunal took this view in case of Bajaj Auto Finance. It distinguished a hire purchase arrangement from a hire purchase finance arrangement for taxation purpose. The tribunal held that fundamentally, in case of hire purchase arrangement, the title to the goods remains with the hire purchase company whereas in case of hire purchase fi...
Notification No. 19/2004-Central Excise (N.T.) -
(01/01/1970)
The Income Declaration Scheme, 2016 came into effect from 1st June, 2016. It provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. Declarations can be made online as well in printed copies of the prescribed form up to midnight on 30th September, 2016....
Explanatory memorandum issued with the Finance Bill, 2001
FINANCE BILL, 2001- PROVISIONS RELATING TO DIRECT TAXES
The provisions in Finance Bill, 2001, in the sphere of direct taxes relate to the following matters:-
(i) Prescribing the rates of income-tax on incomes liable to tax for the assessment year 2001-2002; the rates at w...
