No law is perfect and no regime is ever complete which result in multitude of disputes and litigations. In order to make CENVAT Credit scheme better and effective, following are certain suggestions which the Revenue authorities should introspect.
The word all used in Section 134(5) supra has left the directors of the companies with a question as to whether their responsibility is made open ended under the Companies Act, 2013, since prima facie the word all seems to provide an inclusive sense rather than an exhaustive sense. In the present article, an attempt has been made to understand the directors’ responsibility(s) in respect of the requirement under section 134(5) of the Act.
In the sheet there is no need to remember the Sections, TDS Rates & Limit of TDS Deduction, only you have to see the expenses from your P&L account and than select expenses from this sheet by using dropdown list & fill some required details then TDS & it’s Interest will come automatically. Download TDS Calculator with interest calculation and […]
After a seemingly endless amount of time, the salaried class seeks after a ‘typical man cordial’ Budget that may oversee family unit spending plans, regardless of expansion. Key procurements in direct duties that might be taken a gander at in this Budget, especially for the salaried class of people, are the following:
Keeping in Mind the Importance of Union Budget 2016-17 for our readers which includes Professionals from all fields as well as Common Man, we have decided to create a dedicated page for our readers, where they can find all the information’s related to Union Budget 2016-17 at one place which includes crisp Analysis of Budget by our eminent Authors, all News related to Budget, All government Press Release, Notification, Circulars related to same.
With budget session being round the corner and it being susceptible to both national and international scrutiny, the need for streamlining adjudication machinery for Customs, Central Excise and Service Tax matters has become extremely important. Tax litigations are a natural consequence of growing economy. However, complexities of taxation laws and the sheer determination of the revenue department to maximize collections have resulted in multifarious but avoidable litigations all across the country.
The Central Bureau of Investigation has arrested an Income Tax Officer, Ward 58(3), D Block, Vikas Bhawan, New Delhi and a Chartered Accountant for demanding and accepting an alleged bribe of Rs. 3.5 lakh from the complainant.
The Transfer of Property Act, 1982 came into force on the 1st July, 1882. In the first instance it extends to whole India, except some states at the time of independent of India. Section 5 defines transfer of property means an act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself and one or more other living persons; and “to transfer property” is to perform such act.
Theme of the Budget Overcoming challenges – Reorganize, Restructure Rejuvenate Indian Railways: ‘Chalo, Milkar Kuch Naya Karen’ Three pillars of the strategy i.e. Nav Arjan – New revenues, Nav Manak – New norms, Nav Sanrachna – New Structures. Financial Performance 2015-16- Savings of Rs. 8,720 crore neutralizing most of the revenue shortfall, expected OR 90%; […]
One of the biggest tax saving bonanza by the Finance Act-2015 was insertion of sub-section 1B to section 80CCD in the Income Tax Act-1961 whereby an additional deduction of Rs. 50,000/- is offered to the taxpayer for contribution in the National Pension Scheme (NPS).
