Author: administrator
Service Tax Mega Exemption Amendments in Notification 25-2012 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 7/2017-Service Tax New Delhi, the 2nd February, 2017 G.S.R.….(E).-In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the …
Online information-database access-retrieval services received by online recipient. Service Tax for Dec-2016 and Jan-2017 to be paid by 06-12-2017 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 6/2017-Service Tax New Delhi, the 30th January, 2017 G.S.R….. (E). – In exercise of the powers conferred by …
GST Council finalised its recommendations on almost all issues based on consensus. Extensive reach-out efforts for GST to start from 1st April, 2017 Ministry of Finance Dated: 01-02-2017 Press Release GST Council has finalised its recommendations on almost all the issues based on consensus, says Finance Minister in …
RBI-Risk of Virtual Currencies including Bitcoins. Bitcoins as medium for payment is not authorised by any central bank or monetary authority Reserve Bank of India Date : Dec 24, 2013 RBI cautions users of Virtual Currencies against Risks The Reserve Bank of India has today cautioned the users, …
Tax exemption-Partial withdrawal from NPS not exceeding 25% of the contribution made by an employee from assessment year 2018-19 Budget 2017-18 : Tax-exemption to partial withdrawal from National Pension System (NPS) The existing provision of section 10(12A) provides that payment from National Pension System (NPS) trust to an …
Power to survey to charitable institutions u/s 133A Extension of the power to survey to charitable institutions The existing provisions of section 133A empower an income-tax authority to enter any place, at which a business or profession is carried on, or at which any books of account or other …
Power to call information us 133(6) by Investigation authorities can be exercised by the Joint Director, the Deputy Director and the Assistant Director. Budget 2017-18 : Rationalisation of the provisions in respect of power to call for information The existing provisions of section 133 empower certain income-tax authorities …
Reason to believe to conduct search not to be disclosed to to any person or any authority or the Appellate Tribunal. Explanation added to section 132, 132A Budget 2017-18 : Reason to believe to conduct a search, etc. not to be disclosed Sub-section (1) and (1A) of section …
House property loss set-off against other income head limit of Rs. two lakh for any assessment year. New sub section (3A) to Section 71 Budget 2017-18 : Restriction on set-off of loss from House property Section 71 of the Act relates to set-off of loss from one head …
PAN quoting requirement in TCS Provisions-Section 206CC. Failure to quote PAN to invite deduction at the twice the rate or 5% whichever is higher Budget 2017-18 : Strengthening of PAN quoting mechanism in the TCS regime Statuary provisions for deduction of tax at source (TDS) at higher rate …
