Month: August 2016

Penalty Provisions under the Income-Tax Act, 1961

Penalty Provisions under the Income-Tax Act, 1961
Penalties for default in payment of Self Assessment Tax/ Payment of Tax/failure to comply with notice issued under section 142(1) or 143(2) or direction for audit under section

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Interest rate setting will complicated in the next one year

Interest rate setting will complicated in the next one year
The central bank will move to an interest rate setting by an MPC of six members including the Governor, admitting that forecasting of the inflation

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Compounding Scheme of GST

Compounding Scheme of  GST
As all folks area unit aware concerning the projected huge tax reform within the country within the kind of GST. based mostly upon the Model GST Law as issued by government,

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Doctrine of considerable compliance

Doctrine of considerable compliance
Indirect tax laws has prescribed overplus of processes to be followed at completely different purpose of your time to avail of various advantages. However, over and over assessee didn’t abide by

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Compensation under automobiles Act, 1988 – Some problems

Compensation under automobiles Act, 1988 – Some problems
The automobiles Act, 1988 is Associate in Nursing Act of the Parliament of Asian country that regulates all aspects of road transport vehicles. The Act came into

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Government might advance Parliament session to urge GST laws approved

Government might advance Parliament session to urge GST laws approved
Eager to meet the Gregorian calendar month one target to roll out the landmark product and Services Tax+ (GST), the govt. might advance Winter Session

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