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CBIC imposes 10% BCD on Camera Module and Connectors of cellular mobile phones

April 2, 2018 1491 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Customs dated 30.06.2017 so as to withdraw exemption from BCD on Camera Module and Connectors of cellular mobile phones and impose 10% BCD on them.

CBIC imposes BCD on Camera Module & Connectors of cellular mobile phones

April 2, 2018 774 Views 0 comment Print

Seeks to further amend notification No. 25/2005-Customs dated 01.03.2005 so as to withdraw exemption from BCD on Camera Module and Connectors, of cellular mobile phones and impose 10% BCD on them.

CBIC imposes BCD on PCBA of cellular mobile phones

April 2, 2018 921 Views 0 comment Print

Seeks to further amend notification No. 24/2005-Customs dated 01.03.2005 so as to withdraw exemption from BCD on Printed Circuit Board Assembly (PCBA) of cellular mobile phones and impose 10% BCD on them.

CBIC imposes 10% BCD on PCBA, Camera Module & Connectors of cellphone

April 2, 2018 1518 Views 0 comment Print

Seeks to further amend notification No. 57/2017-Customs dated 30.06.2017 so as to withdraw exemption from BCD on Printed Circuit Board Assembly (PCBA), Camera Module and Connectors, of cellular mobile phones and impose 10% BCD on them.

CBIC imposes 10% BCD on populated, loaded or stuffed printed circuit boards

April 2, 2018 2010 Views 0 comment Print

Seeks to increase tariff rate of BCD on populated, loaded or stuffed printed circuit boards, falling under tariff item 8517 70 10, of the First Schedule to the Customs Tariff Act, 1975 from Nil to 10%.

Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)

April 2, 2018 1755 Views 0 comment Print

Please refer to Master Circular DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015 on the captioned subject. Banks are required to mark to market (MTM) the individual scrips in Available for Sale (AFS) at quarterly/more frequent intervals and Held for Trading (HFT) at monthly/more frequent intervals and provide for net depreciation, if any.

MCA removes applicability of AS 22 & Ind AS 12 to Govt Companies forever

April 2, 2018 2160 Views 0 comment Print

Vide Notification number S.O. 529(E), dated the 5th February, 2018 it was specified that provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability shall not apply, for seven years to certain Government companies with effect from the 1st April, 2017. Now Government has vide this […]

Maharashtra Govt. reduces stamp duty on residential house for EWS & LIG groups

March 31, 2018 11916 Views 9 comments Print

Maharashtra Government fixes the stamp duty to the extent of Rs-1000 only as otherwise chargeable under clause (b) of Article 25 of Schedule-I appended to the said Act, on the first instrument for Economically Weaker Section (EWS) & Lower Income Groups (LIG).

LLP & LLP partners liable to pay PT in Maharashtra from 01.04.2018

March 31, 2018 65286 Views 4 comments Print

Maharashtra Profession Tax Act amended from 1.4.2018. Now a Limited Liability Partnership and each partner of LLP shall be liable to pay PT of Rs. 2,500/- per annum

Promotion of 305 ACIT to the grade of DCIT

March 30, 2018 8238 Views 0 comment Print

Notification No. 05 of 2018 – Promotion of 305 Assistant Commissioners of Income Tax to the grade of Deputy Commissioners of Income Tax

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