INCOME TAX UPDATE 18 NOV 2015 INCOME TAX ACT SECTION 2(15) CHARITABLE PURPOSE Object of general public utility : Where assessee was carrying on micro finance business in a commercial manner,… Read More
Corporate and Professional Updates Indirect Taxes: Cenvat Credit - Storage of input outside the factory - Removal of goods without necessary permission under Rule 8 of CENVAT Credit Rules 2004… Read More
CORPORATE AND PROFESSIONAL UPDATE 17 NOVEMBER,2015 PROFESSIONAL UPDATE 1. SIT asks MCA to take action against persons holding directorship in more 20 companies Among others Special Investigation Team (SIT) calls… Read More
TAXES AND FINANCE UPDATE NOVEMBER 16, 2015 INDIRECT TAXES CBEC revises arrest, prosecution norms Nov 02, 2015 The Central Board of Excise and Customs (CBEC) has revised the monetary limits… Read More
FINANCIAL MANAGEMENT FINANCE & MONEY MARKETS Highest premium paid by FPIs to get G-Sec limits falls to 62 bps from 82 bps last month Nov 03, 2015 Foreign investors’ appetite… Read More
FINANCIAL MANAGEMENT FINANCE & MONEY MARKETS Highest premium paid by FPIs to get G-Sec limits falls to 62 bps from 82 bps last month Nov 03, 2015 Foreign investors’ appetite… Read More
Income Tax Return is a form used to file income taxes with the Income Tax Department. Income tax is a tax on an individual's income imposed by the Central Government.… Read More
INCOME TAX UPDATE 14 NOVEMBER 2015 INCOME TAX ACT SECTION 11 CHARITABLE OR RELIGIOUS TRUST - EXEMPTION OF INCOME FROM PROPERTY HELD UNDER Application of income : Where in support of… Read More
INDUSTRIAL UPDATE NEW DELHI: Railways will formulate a comprehensive energy efficiency plan to reduce energy bill by Rs 5,000 cr in the next five years. "Energy bill is the second… Read More
Effective Rate of Service Tax w.e.f. 15.11.2015: 14.5% I would like to inform you that consequent upon issuance of Notification No. 22/2015-Service Tax the Central Government has imposed Swachh Bharat Cess on all… Read More