custom duty calculation

News

Tax collection shows healthy growth upto Jan 2017


Tax Collection Figures up to January 2017 show consistent trend of healthy growth During January 2017 the Net Indirect Tax grew at the rate of 16 9 compared to corresponding month last year with growth rate in net collections for Customs Central Excise and Service Tax at the rate of 10 1 26 3 and 9

40 Officers of the Customs & Central Excise selected for Grant of Presidential Award


40 Officers of the Customs Central Excise selected for Grant of Presidential Award of Appreciation Certificate for Specially distinguished Record of Service 1 Every year the Officers of the Board of Customs Central Excise Department of Revenue are considered for grant of Presidential Award of Apprec

No charges on use of cards at petrol stations


No additional levy on use of cards at petrol stations says Petroleum Minister MoS I C for Petroleum and Natural Gas Shri Dharmendra Pradhan said neither the customers nor petrol pump dealers will bear additional charges on digital transactions at petrol stations He said that the Government had issue

CBEC initiates process of migration of existing Central excise and Service tax assessee


To ensure implementation of GST by 1st April 2017 Central Board of Excise Customs CBEC has initiated the process of migration of its existing Central Excise Service Tax assessees to GST from today A 24x7 Helpdesk Through Toll Free number and Email started for the purpose Central Board of Excise Cust

Finance ministry directs all banks to maintain record of old and new currency deposit


The Ministry of Finance through a letter to all the MDs CEOs CMDs of PSBs and Chairman IBA directs that all the bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers about the same Action taken in this regard be reported by 16

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Experts Opinions

stamp duty deduction.


can I include stamp duty paid on purchase of property in cost of acquisition while calculation of capital gains even if I have taken its deduction under section 80 c in the year of purchase

stamp duty paid for let out property


hi an assessee has availed possession of the only occupied property in the current year he has opted to declare this as let out property and declared the rent income of the same whether he can avail the benefit of stamp duty paid on possession of the said flat as deduction from the rent income kindl

Excise duty on paper and corrugated cartons


Can anyone tell me what is the excise duty on duplex paper and corrugated cartons Is is possible to avoid excise by just paying 1 excise duty without availing input excise credit

Excise duty rate on nail polish produt & full details


Excise duty rate on Nail polish produt full details

44ada gross receipt calculation


Section 44ADA is applicable where gross receipt from profession is below 50lakh Here gross receipts means actual receipts OR it also include any accrued income Two scenario 1 FY2016 17 Total Professional fee 52lakh Actual fee received 49 lakh receivable 3lakh 2 FY2016 17 Total Receipt 55 lakh where

Discussion

Rate of tds on customized software purchase

Dear Sir I want to know that our company purchase a ERP software amounting around 15 Lakhs which is customized as per our construction business requirement SUGGEST WE HAVE TO DEDUCT TDS ON BILL OR NOT AND WHAT IS THE RATE OF TDS Regards AKASH KUMAR SHIL

Custom refund

Additional Custom Duty has been paid at the time of importing goods and also Vat has been paid while selling the same goods locally Can now the Additional Custom Duty of 4 be claimed as refund If yes whats the procedure

Excise duty on paper and corrugated cartons

Can anyone tell me what is the excise duty on duplex paper and corrugated cartons Is is possible to avoid excise by just paying 1 excise duty without availing input excise credit

Updated tamp duty rates of all states for transfer of shares

Could someone please feed in the updated rates which are applicable on the transfer of shares securities for various states Or please provide the links of the respective notifications circulars wherein i can find the relevant rates Thanks

Regariding calculation of 8 %

Dear Sir i am not able to justify in the individual income regariding what to be consider in netprofit and turnover if the person is having salary andprofit income from partnership firm business as well as he is haiving his individual income Eg Mr X is having Receipt from Business 100000 and Expense

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Articles

Investment subsidy by State Govt. - Whether excise duty is payable


State governments offer incentives for setting up industries in the Backward regions and generating employment The eligible amount of subsidy is determined and capped as per capital invested and employment generated by aunit The subsidy to be granted is determined also on the basis of VAT CST deposi


No Excise Duty w.e.f. 16.09.2016 - Aye or Nope


Validating Constitutional backing of Central Excise and Service Tax Prelude Model GST law is in public domain since June 2016 President has given his assent to 101st Constitution Amendment Act 2016 giving Central and State Govts power to levy GST on 08th September 2016 However till then there was no


Central excise duty levy - A suspense or suspended


Prelude It is within everyones knowledge that the Constitutional amendments w r t GST was mired in political controversies for many years and finally the Constitutional Amendment Bill paving way for enactment of GST was passed on 3 8 2016 After ratification by more than 50 of the States the Presiden


Has the central govt lost its power to levy excise duty?


With the release of Notification No SO2986 E dated 16 September 2016 Notification the Central Government has notified the enactment of the Constitution One Hundred and First Amendment Act 2016 Act with effect from 16 September 2016 Accordingly Article 246A of the Constitution has become operational


Calculation of Limits u/s 186 of the Companies Act, 2013


Subject Brief Note on Limits specified u s 186 of the Companies Act 2013 S 186 of the Companies Act 2013 is applicable to all the Companies Earlier corresponding S 372A of the Companies Act 1956 was applicable only to Public Limited Companies We hereby give gist of the section in brief Limits adsbyg


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Updated on : 2/23/2017 11:16:15 PM


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