The interest on the Gold Bond shall be taxable as per the provisions of the Income-tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The ‘indexation benefits will be provided to long term capital gains arising to any person on transfer of bond’
These rules shall also apply mutatis mutandis to a service provider and any reference to the expressions manufacture, manufacturer, excise duty and factory in these rules shall be construed as service, service provider, service tax and registered premises respectively of a service provider referred to in chapter V of the Finance Act, 1994 (32 of 1994) and the rules made thereunder.
Seeks to impose definitive anti-dumping of all imports of Plain Medium Density Fibre Board (MDF) having thickness of 6mm and above, originating in or exported from Indonesia and Vietnam.
Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 6/2016-Customs (ADD), dated the 8th March, 2016, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.284(E), dated the 8th March, 2016, namely:-
Embroidered yarn or thread is a yarn that is manufactured or hand spun specifically for embroidery and other forms of needlework. It is a finished product wound on support which is ready to use for embroidery applications. Embroidery Yarn is produced by the process of dying, reeling, twisting, hanking or core winding, finished product quality checking, grading and packing of raw yarn
Appointment of Common Adjudicating Authority Government of India Ministry of Finance Department of Revenue Notification No. 99/2016- Customs (N.T.) New Delhi, dated the 14th July, 2016 S.O. (E). -In exercise of powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of Customs Act, 1962 (52 of 1962), the Central Board […]
Instances of difficulties being faced by members on account of the instructions have been brought to notice particularly in respect of members who had ceased to be in employment before 01.2014 given the fact that initially UAN was allotted only to members who were subscribers during January, 2014 to June, 2014. There could also be other cases and instances where insisting on the requirement of UAN with the claim form may cause undue hardship to the claimant.
CBDT lays down the following procedure and criteria for manual selection of returns/cases for compulsory scrutiny during the financial-year 2016-2017:- (i) Cases involving addition on a substantial and recurring question of law or fact in earlier assessment year(s), in excess of Rs. 25 lakhs in metro charges
It may be noted that the Special Warehouse (Custody & Handling of Goods) Regulations, 2016 prescribe maintenance of a computerized system for accounting. Accordingly, a system of accounting of receipt, storage, operations and removal of goods with regard to Duty Free Shops is prescribed below:
With a view to simplify the account opening kit, it has been decided that, stock broker/ depository participant shall make available these standard documents to the clients, either in electronic or physical form, depending upon the preference of the client as part of account opening kit.
