Indian Tax Solution
The ITC (HS) code of 1-Phenyl-2- Propanone in Schedule 2 of ITC (HS) Classification of Export and Import Items has been amended.
The cost of production of an abandoned feature film, is to be treated as revenue expenditure and allowed as per the provisions of Section 37 of the Income-tax Act.
Customs duty hiked on ghee, butter and butter oil from the present rate of 30% to 40% for a period of 6 months i.e upto and inclusive of the 31st day of March, 2016.
Service tax levy on services provided by a Goods Transport Agency -CBEC issues guidelines
Jurisdiction of the Settlement Commission (Customs, Central Excise & Service Tax) in respect of the cases of Gold Smuggling-regarding
Rate of exchange of conversion of the foreign currency with effect from 2nd Oct, 2015
The export promotion responsibility for Sesame seed and Niger seed is being shifted from Shellac and Forest Products Export Promotion Council (SHEFEXIL) to Indian Oilseeds and Produce Export Promotion Council (IOPEPC).
M/s International Society for Small and Medium Enterprises (ISSME) is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential).
Government Extends the due Date for E-Filing of Returns of Income Tax and Audit Reports U/S 44AB of Income Tax Act from 30th September, 2015 to 31st October 2015
Regularisation of assets held abroad by a person resident in India under Foreign Exchange Management Act, 1999
CBEC extends zero import duty regime for all pulses except gram [CTH 0713 20 00] and lentil [CTH 0713 40 00]
Agreement between the Government of the Republic of India and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA
CBEC hikes tariff value of a number of itme including gold
Rate of exchange of conversion of the foreign currency with effect from 30th September, 2015
Income-tax (14th Amendment) Rules, 2015- Form No.15G and Form No.15H notified
New scope for utilisation of credit of Education and SHE Cess for payment of basic excise duty
New scope for utilisation of credit of Education and SHE Cess for payment of basic excise dutyRule 3(7)(b) of the CCR, 2004 has been amended vide Notification No.12/2015-Central Excise (N.T.), dated 30.04.2015 so as ...