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Govt extends Time Limit for Intimation of details of Stock held Before Opting for Composition Levy to 31st Oct

The Central Government on Friday extended the time limit for intimation of details of stock held on the date preceding the date from which the option for composition levy to 31st October 2017. An...

Govt extends Time Limit for Intimation of details of Stock held Before Opting for Composition Levy to 31st Oct
Taxscan Team

Govt Exempts Receipts from FIFA under-17 Football World Cup from Income Tax Net

The Central Government today notified income tax relief to FIFA under-17 Football World Cup which will run from October 6 to 28. As per section 10(39) of the Income Tax Act, 1961, Government can...

Govt Exempts Receipts from FIFA under-17 Football World Cup from Income Tax Net
Taxscan Team

Rules Relating to Arrest of Person during Investigation under Companies Act Notified [Read Notification]

The Central Government notified the Rules relating to arrest of persons in connection with investigation under the Companies Act, 2013. The Notification released on Thursday stated that the Director,...

Chartered Accountant CAs Income Tax - Evasion
Taxscan Team

50K Limit on Balance in ‘Small Accounts’: Govt Notifies Exemption to Deposits through Govt Grants, Welfare Benefits etc [Read Notification]

The Central Government today notified that the limit on balance to small accounts under the Prevention of Money Laundering (Maintenance and Records) Rules, 2005 is not applicable to to deposits...

Small Accounts - Money - Government - Taxscan
Taxscan Team

Direct Tax Collections up to July, 2017 in Current Financial Year 2017-18 show a Growth of 19.1%

The Direct Tax collections up to July, 2017 in the Current Financial Year 2017-18 continue to register steady growth. Direct Tax collection during the said period, net of refunds, stands at Rs. 1.90...

Direct Tax Collections up to July, 2017 in Current Financial Year 2017-18 show a Growth of 19.1%
Taxscan Team

GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles

The GST Council considered the issue of cess leviable on motor vehicles in its 20th meeting held on the 5th of August 2017 and recommended that Central Government may move legislative amendments...

GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles
Taxscan Team

GST: Govt Notifies Anti-Profiteering Rules [Read the Rules]

The Central Government has notified the Anti-profiteering Rules, 2017 under the GST law. The rules were earlier approved by the GST Council in its 17th meeting held at New Delhi. As per the...

GST: Govt Notifies Anti-Profiteering Rules [Read the Rules]
Taxscan Team

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