SHOW CAUSE NOTICE AFTER ADMISSION OF SETTLEMENT APPLICATION – SUSTAINABLE? Chapter XIV A of the Customs Act, 1962 deals with the procedure of filing application before the Settlement Commission and the procedure of disposal of the application by the Commission. Section 127B (1) provides that any importer, exporter or any other person may, in respect […]
Tax Audit limit of Rs 2 Crore apply only to presumptive taxation scheme Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding Section 44AB of the Income-tax Act (‘the Act’) makes it obligatory for every person carrying on business to get his accounts of any previous year audited if […]
Due Date for downloading TDS certificates from Traces It is mandatory for all deductors to issue TDS certificates after generating and downloading the same from “TDS Reconciliation Analysis and Correction Enabling System” or (https://www.tdscpc.gov.in) (hereinafter called TRACES Portal).
100% FDI in E commerce, Defence, Aviation allowed Major impetus to job creation and infrastructure: Radical changes in FDI policy regime; Most sectors on automatic route for FDI
Interest Rates for Small Savings Schemes for 2nd Quarter FY 2016-17 Quarterly Revision of Interest Rates for Small Savings Schemes On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the second quarter of […]