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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, dated the 17thMarch, 2012 Notification No. 15/2012-Customs G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, dated the 17th March, 2012 Notification No. 14 /2012-Customs G.S.R. (E). In exercise of the powers conferred by sub-sections (1) of section 25 of the Customs Act, 1962 (52… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, dated the 17thMarch, 2012 Notification No. 13/2012-Customs G.S.R. (E). In exercise of the powers conferred by sub-sections (1) of section 25 of the Customs Act, 1962 (52 of 1962),… Read More
[TO BE PUBLISED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] Government of India; Ministry of Finance (Department of Revenue) Dated, the 17th March, 2012 Notification No.2/2012 - Service Tax G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, dated the 17th March, 2012 Notification No.12 /2012 Customs G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More
Amendment in Notification No. 42/ 2011 Service Tax, dated the 25th July, 2011 [TO BE PUBLISED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] Government of India Ministry of Finance (Department of Revenue) New Delhi, the 17th March, 2012 Notification No.1/2012 - Service Tax G.S.R. (E).- In exercise of the… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, dated the 17thMarch, 2012 Notification No. 11/2012-Customs G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 10/2012-Customs G.S.R......... (E).ˆ’ In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government, being satisfied that it… Read More
Budget Highlights 2012-13 Income Tax : Direct Tax Code implementation deferred No tax up to 2 lacs 200,001 to 500,000 = 10% 500,001 to 1,000,000 = 20% Above 1,000,000 = 30% No tax on saving bank interest up to 10000/- No advance tax for Senior citizen No change in Corporate tax rates Sec 44AB for… Read More
The Standing Committee on Finance has recommended a very liberal tax regime in its suggestions on the Direct Taxes Code Bill, 2010 ( DTC). The key recommendations made by the committee affecting individual tax payers are: 1.)Tax rates The basic exemption limit as contained in DTC is recommended to be enhanced from 2 lakhs… Read More
Highlights of Report of Standing Committee on Finance on DTC Bill, 2010 Raise Personal I-T exemption limit to Rs 3 lakh from Rs 1.8 lakh 20% on income between Rs 10-20 lakh, 30 % above Rs 20 lakh Hike tax savings schemes limit to Rs 3.2 lakh,from Rs 1.8 L Retain corporate tax rate at 30% Remove Securities Transaction Tax (STT)… Read More
Section 10(15), item (h) of sub-clause (iv) of the Income-tax Act, 1961 - Exemptions - Interest on bonds/debentures - Notified bonds/debentures of Public Sector Companies - Corrigendum to notification no.7/2012, dated 14-2-2012 Notification No. 13/2012 [F.No.178/56/2011-(ITA.I)], dated 6-3-2012 The Central Government hereby makes following amendment to the notification of the Government of India, Ministry of Finance… Read More
[To be published in Gazette of India Part -II-Section 3-Sub-sections-(i), Extraordinary] Government of India Ministry of finance Department of Revenue Central Board of Excise and Customs Notification No.18/2012 - Customs (N.T.) New Delhi, 5th March 2012. GSR (E) In exercise of the powers conferred by section 156 of the Customs Act, 1962 (52 of 1962), the Central… Read More
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