section 3

FAQs on MVAT Audit Report in Form 704

Goods and Services Tax - What is Audit Report in Form 704? Ans : It is a report under section 61 of MVAT ACT, 2002 to be submitted by eligible dealer within 10 months of the end of a particular financial year....

Read More

Issues arising out of & Implications of A & G Projects Judgment – The way out

Goods and Services Tax - Under entry 92A of List I of the VII Schedule to the Constitution of India, the Parliament of India has the exclusive right to impose tax on sale or purchase of goods other than newspapers where such sale or purchase takes place in the course of inter-State trade and commerce. Article 269 of the Constitution of India authorises the Parlia...

Read More

Sales in transit meaning, procedure, case Laws & Provisions

Goods and Services Tax - Q.1 Please explain the scheme of “in transit sale” covered by section 6(2) of CST Act, 1956? Ans.: Section 3(a) of CST Act,1956 defines the interstate sale/purchase transaction. Section 3(b) defines the interstate sale effected by transfer of documents of title to goods. When the goods are in movement from one State to other. The whol...

Read More

Special Economic Zones Act, 2005: An overview

Goods and Services Tax - Introduction:  Amidst WTO & GATS, Special Economic Zones have attained a centre stage. The Central Government has enacted the SEZ Act with the major objective of generation of additional economic activity, promotion of export of goods and services, investment from domestic and foreign sources and creation of employment opportunities....

Read More
Sorry No Post Found

Applicability of MAT on Revaluation Reserve credited to profit and loss account

Goetze (India) Ltd. Vs Commissioner of Income-tax-IV (ITAT Delhi 'C' Bench) - Section 115JA of the Income-tax Act, 1961 - Minimum alternate tax - Assessment year 2000-01 - Assessee had created a reserve in assessment year 1986-87 by enhancing value of assets - Assessee had withdrawn Rs. 1.53 crores from said reserve and credited it to profit and loss account - In assessment y...

Read More

Status of private limited company if shareholders exceed 50 and importance of records of ROC

Ram Parshottam Mittal Vs Hillcrest Realty Sdn. Bhd.SLP (Supreme Court of India) - Supreme Court inter alia on prerequisites for conversion of a private company into a public company - It is not the records of the Registrar of Companies which determines the status of a company but the definition of a "private company" or "public company" as defined in section 3(1)(iii) and 3(1)(iv...

Read More

AAR on tax liability of a partnership firm to be formed in Canada by a Canadian company for executing its PSCs in India

Canoro Resources Limited, In re (Authority for Advance Rulings-Income Tax) - 10.1 It is the common stand of both - the applicant and the Revenue, that the nature of income arising from the transfer of the applicant's participating interest in Amguri block to the proposed partnership firm, shall be capital gains. Where they differ is regarding the mode of computation of that ...

Read More

Trade defence measures available to the domestic industry to counter unfair trade practices followed by exporters of goods from other countries

NA - (21/01/2010) - Trade defence measures are available to the domestic industry to counter unfair trade practices followed by exporters of goods from other countries. In case a product is imported into the country at less than its normal value, and it causes injury to the domestic industry, the domestic industry can...

Read More

Custom duty circular Amending Notification No. 189/2009- Customs (N.T) dated 31.12.2009

Notification No. 07/2010–Customs (N.T.) - (19/01/2010) - Amends Notification No. 189/2009- Customs (N.T) dated 31.12.2009 vide which the Customs Tariff (Determination of Origin of Goods under the Preferential Trade Agreement between the Governments of Member States of the Association of Southeast Asian Nations (ASEAN) and the Republic of India) Rules, 200...

Read More

Custom duty circular amending Notification No.21/2002-Customs, dated the 1st March, 2002 – Effective Rate of Duty

Notification No. 03/2010-Customs - (13/01/2010) - G.S.R. (E).- -In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Govern...

Read More

Corrigendum to the new perquisite valuation rules for A.Y. 2010-11

Notification No. 2/2010-Income Tax - (12/01/2010) - Notification No. 2/2010-Income Tax at page 20 of the Gazette Notification, in sixth line of clause (B) of sub-rule 2, for “amount attributable to official use of the vehicle provided that the following conditions are fulfilled”, read “amount of charges met or reimbursed by the employer as redu...

Read More

Amendment in Notification No. 110/2004 regarding continuation of anti-dumping duty on imports of Polytetrafluroethylene (PTFE) originating in, or exported from Russia

Notification No. 02/2010-Custom - (11/01/2010) - Whereas, the designated authority vide notification No. 15/30/2008-DGAD, dated the 27th February, 2009, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 27th February, 2009 , has initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (...

Read More

Recent Posts in "section 3"

FAQs on MVAT Audit Report in Form 704

What is Audit Report in Form 704? Ans : It is a report under section 61 of MVAT ACT, 2002 to be submitted by eligible dealer within 10 months of the end of a particular financial year....

Read More
Posted Under: Custom Duty |

Trade defence measures available to the domestic industry to counter unfair trade practices followed by exporters of goods from other countries

NA (21/01/2010)

Trade defence measures are available to the domestic industry to counter unfair trade practices followed by exporters of goods from other countries. In case a product is imported into the country at less than its normal value, and it causes injury to the domestic industry, the domestic industry can make an application to Directorate Gene...

Read More

Custom duty circular Amending Notification No. 189/2009- Customs (N.T) dated 31.12.2009

Notification No. 07/2010–Customs (N.T.) (19/01/2010)

Amends Notification No. 189/2009- Customs (N.T) dated 31.12.2009 vide which the Customs Tariff (Determination of Origin of Goods under the Preferential Trade Agreement between the Governments of Member States of the Association of Southeast Asian Nations (ASEAN) and the Republic of India) Rules, 2009 were notified....

Read More

Custom duty circular amending Notification No.21/2002-Customs, dated the 1st March, 2002 – Effective Rate of Duty

Notification No. 03/2010-Customs (13/01/2010)

G.S.R. (E).- -In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance...

Read More

Corrigendum to the new perquisite valuation rules for A.Y. 2010-11

Notification No. 2/2010-Income Tax (12/01/2010)

Notification No. 2/2010-Income Tax at page 20 of the Gazette Notification, in sixth line of clause (B) of sub-rule 2, for “amount attributable to official use of the vehicle provided that the following conditions are fulfilled”, read “amount of charges met or reimbursed by the employer as reduced by such higher amount attributable t...

Read More

Amendment in Notification No. 110/2004 regarding continuation of anti-dumping duty on imports of Polytetrafluroethylene (PTFE) originating in, or exported from Russia

Notification No. 02/2010-Custom (11/01/2010)

Whereas, the designated authority vide notification No. 15/30/2008-DGAD, dated the 27th February, 2009, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 27th February, 2009 , has initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) and in pursuance of rule 23 ...

Read More

Amendment in Notification No 39/2005 Custom (NT) – substitutes Valsad by Vapi

Notification No. 02/2010-Custom (N.T.) (06/01/2010)

In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of Government of India, Ministry of Finance, Department of Revenue, No. 39/2005-Customs ( N.T.) published in the Gazette of...

Read More

Amendment in Notification No 49/2005 Custom (NT) – substitutes Valsad by Vapi

Notification No. 01/2010-Customs (N.T.) (06/01/2010)

Notification No. 01/2010- Customs (N.T.)- In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 49/200...

Read More

Section 194A of the Income-tax Act, 1961- Deduction of tax at source – Interest other than interest on securities – Notified institution

Notification No. 1/2010-Income Tax (04/01/2010)

Notification No. 1/2010-Income Tax In exercise of the powers conferred by sub-clause (f) of clause (iii) of sub-section (3) of Section 194A of the Income Tax Act, the Central Government hereby notifies the Rural Electrification Corporation Ltd., New Delhi for the purpose of said clause....

Read More

Custom duty notification amending principal notification No. 68/2006-Customs, dated the 30th June, 2006

Notification No. 149/2009-Custom (31/12/2009)

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (De...

Read More
Page 1 of 3123

Browse All Categories

CA, CS, CMA (3,506)
Company Law (3,438)
Custom Duty (6,634)
DGFT (3,474)
Excise Duty (4,049)
Fema / RBI (3,276)
Finance (3,475)
Income Tax (25,163)
SEBI (2,753)
Service Tax (3,286)

Search Posts by Date

October 2017
M T W T F S S
« Sep    
 1
2345678
9101112131415
16171819202122
23242526272829
3031