Easily classify goods with the Customs Tariff Act, 1975. Understand how WCOs Harmonized System is applied and export/import goods chargeable to duty.
Find out the arrival of conveyances to Customs ports and procedures under Customs Act. Know about the Customs control on imports and exports and how it is manifested.
Clearance of imported and export goods – Learn the procedure to comply with Customs clearance formalities, ensuring correct declarations made with reference to documents and information for verification.
Customs functions cover substantial areas of activities involving international passengers, general public, importers, exporters, traders, custodians, manufacturers, carriers, port and airport authorities, postal authorities and various other government and semi-government agencies, banks etc.
Under the new Union Budget 2023, salaried taxpayers will now get the benefit of Standard Deduction of Rs.50000. Get clarity on this tax deduction proposed by Honorable Finance Minister Smt. Nirmala Sitharaman Ji now!
Learn about Section 83 of the CGST Act and its use to protect revenue in certain cases. Find out if assets of partners are covered under this provision and more.
Where an assessee declares profits and gains of business for any previous year in accordance with the provisions of presumptive taxation, no set off of unabsorbed depreciation and brought forward loss shall be allowed to the assessee for such previous year.
Learn how Budget 2023 will increase the TCS on overseas tour packages, as provided in Section 206C and sub-section (1G) of the Act. %keyphrase
It is proposed to impose a limit on the maximum deduction that can be claimed by the assessee under section 54 and 54F to rupees ten crore. It has been provided that if the cost of the new asset purchased is more than rupees ten crore, the cost of such asset shall be deemed to be ten crores. This will limit the deduction under the two sections to ten crore rupees.
It has been noticed that a variety of hybrid securities that combine features of plain vanilla debt securities and exchange traded derivatives are being issued through private placements and listed on stock exchanges. It is seen that such securities differ from plain vanilla debt securities.
