Budget 2016-17 – Interest rate rationalized – Interest rate on delayed payment on duty / tax across all indirect are been rationalized and made uniform at 15% except in case of service tax collected but not deposited to the exchequer in which case the rate of interest will be 24% from the date on which […]
As per the new policy Telangana State Industrial Project Approval and Self-certification System (TS-iPASS), penal action will be taken against government officials if there is any undue delay in processing applications, the CM said, adding that mega projects would get permissions in 15 days. According to PTI, the government identified 14 core areas for a […]
GST threshold set at Rs 10 lakh Traders with a turnover below R10 lakh a year won’t have to register for or pay the goods and services tax (GST), and those with annual sales of R10 lakh to R50 lakh will need to pay the tax at a rate lower rate than the standard GST […]
Kerala Industrial & Commercial Policy Amended – 2015 Government shall provide 20% capital subsidy for new manufacturing units in Electronics Systems Design & Manufacturingsector in the State and.shall provide deferment of VAT for a period of 5 years for ESDM investments of Rs. 10 Crore or more. To encourage Women to take up entrepreneurship as […]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION New Delhi, the 30th April, 2015 No. 12/2015-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 1994), the Central Government, being satisfied that it is necessary in the public interest so to […]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2015-Central Excise (N.T.) New Delhi, the 30th April, 2015 G.S.R. (E).- In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby […]
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 15th day of April, 2015 Income-tax S.O. 1014 (E).? In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules […]
Venture capital firms, hedge funds and the likes of business executives such as Rupert Murdoch are all vying for a piece of India’s rapidly growing e-commerce market – particularly companies aimed at the growing number of aspiring middle-class consumers. Well-known investors like Masayoshi Son, the chief executive of SoftBank; Jack Ma, the executive chairman of […]
Finance Ministry today clarified that LPG subsidy received by individuals in their bank accounts will continue to be exempt from income tax. The clarification follows doubts being raised by tax experts over an amendment in Finance Bill, 2015 that expanded the definition of taxable income to include subsidies, grants, cash incentive and duty drawback. “The […]
SEBI to finalise norms for listing of startups to help them tap capital markets to raise funds Under the new norms, the entire pre-issue capital is expected to be locked-in for a period of six months for all shareholders. At present, promoters are required to offer a minimum of 20 per cent of post-issue capital […]
