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Abcaus

Anti-dumping duty

Anti-dumping duty on Saccharin exported from China-Instruction based on Gujarat HC direction

administrator October 30, 2018 Excise/Custom
Anti-dumping duty on Saccharin exported from China-All India Saccharin manufacturing Association Writ and direction of Hon’ble Gujarat High Court Instruction No. 18/2018-TRU F.No.354/54/ 2006-TRU (Pt-III) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit ***** Room No 156, North Block, New Delhi, dated 25th October, …
rbi

Determinants of fit & proper status of sponsors of ARCs – RBI master direction

administrator October 29, 2018 RBI
RBI Master Direction – Fit and Proper Criteria for Sponsors – Asset Reconstruction Companies (Reserve Bank) Directions, 2018 RBI/DNBR/2018-19/66 Master Direction DNBR. PD (ARC) CC. No. 06/26.03.001/2018-19 Dated: October 25, 2018 The Chairman / Managing Director / Chief Executive Officer All registered Asset Reconstruction Companies Dear Sir/ Madam, …
Draft Notification

Amendment of Rules 2C, 2CA and 11AA and Form Nos. 10G, 56 and 56G of the Income-tax Rules, 1962 – Draft Notification

administrator October 29, 2018 Income Tax
Draft Notification proposing Amendment of Rules 2C, 2CA and 11AA and for Nos. 10G, 56 and 56G of the Income-tax Rules, 1962 placed in public domain for inputs from stakeholders and general public  Currently, for grant of approval under sub-clauses (iv) and (v) of clause (23C) of Section 10 …
TDS returns filing delay

No penalty u/s 272A(2)(k) for delay in filing TDS returns due to technical glitches when tax deposited in time

administrator October 27, 2018 Income Tax, ITAT
No penalty u/s 272A(2)(k) for delay in filing TDS returns when tds was deposited in within time and delay was due to technological glitches due to switchover of filing of TDS return in paper forms to e-filing- ITAT ABCAUS Case Law Citation: ABCAUS 2599 (2018) (10) ITAT Important …
Online Application u/s 197

Application for grant of certificates u/s 197 for lower/nil TDS/TCS to be filed electronically

administrator October 27, 2018 Income Tax
Application for grant of certificates u/s 197 for lower or no deduction / collection of income-tax to be made electronically in Form 13 – CBDT amends Income Tax Rules CBDT in August 2018 had issued a Draft Notification proposing an amendment of the Income-tax Rules, 1962 for making the …
net profit rate

Mere fall in net profit rate by itself no ground to increase it as compared to the preceding years

administrator October 27, 2018 Income Tax, ITAT
Mere fall in net profit rate by itself no ground to increase profit rate as compared to the preceding assessment years as profit cannot be static each year – ITAT ABCAUS Case Law Citation: ABCAUS 2598 (2018) (10) ITAT The appellant assessee was aggrieved by the order of …

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