Daily Archive: Friday, August 11, 2017

GST-Furnishing of Bond-Letter of Undertaking for Exports Clarifications by CBEC

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GST-Furnishing of Bond-Letter of Undertaking for Exports Clarifications issued by CBEC for uniformity in the implementation of the Act Circular No. 5/5/2017 – GST F. No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 11th

 

Expression ‘derived’ is narrower then ‘attributable to’ in section 80IA or like sections – High Court

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Expression ‘’derived’’ is narrower then ‘’attributable to’’ in section 80IA or like sections. Income derived from secondary source not the effective source, falls outside deductions – High Court   ABCAUS Case Law Citation: ABCAUS 2025 (2017) (08) HC Assessment Year :  2009-10 Important Case Laws Cited/relied upon by the

 

Loss on sale of foreign cars was business loss not capital loss u/s 50 – High Court

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Loss on sale of foreign cars held as business loss not capital loss u/s 50 as the imported cars did not form part of block of assets and depreciation was not allowable – High Court   ABCAUS Case Law Citation: ABCAUS 2026 (2017) (08) HC Assessment Year :  1999-00

 

Income Tax to write off arrear demands of Rs 25 Lakhs or more for 186 cases . CBDT letter to PrCITs, Gujarat

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Income Tax to write off arrear demands of Rs 25 Lakhs or more for 186 cases . CBDT writes letter on arrear write-off to all Principal CIT of Gujarat GOVERNMENT OF INDIA DEPARTMENT OF REVENUE DIRECTORATE  OF INCOME-TAX  (RECOVERY & TDS) 6th Floor, Mayur Bhawan,Connaught Circus, New Delhi-110001 Ph.No.23414395

 

Economic Survey 2016-17-Anxiety reigns because a series of deflationary impulses are weighing on

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Economic Survey 2016-17-Anxiety reigns because a series of deflationary impulses are weighing on an economy, yet to gather its full momentum and still away from its potential. State of the Economy-Analytical Overview & Outlook for Policy.  Press Information Bureau  Government of India Ministry of Finance 11-August-2017 12:31 IST Economic

 

Reforms Measures in Economic Survey 2016-17 Highlights

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Reforms Measures in Economic Survey 2016-17 Highlights. Agriculture/Food Management, Industry/Social Infrastructure, Employment & Human Development  Press Information Bureau  Government of India Ministry of Finance 11-August-2017 12:32 IST Highlights of Reforms Measures in the Economic Survey 2016-17 Volume-2  Agriculture and Food Management  Reforms: Managing and reducing the various risks in agriculture

 

Highlights of the Economic Survey 2016-17

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Highlights of the Economic Survey 2016-17 Press Information Bureau  Government of India Ministry of Finance 11-August-2017 12:33 IST Highlights of the Economic Survey 2016-17 Volume-2   Monetary Management and Financial Intermediation  The fiscal outcome of the Central Government in 2016-17 was marked by strong growth in tax revenue, sustenance of