mega exemption notification

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Old 500 Note cannot be used at Petrol Pump and for Air Ticket Purchase wef 03.12.2016


MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS NOTIFICATION New Delhi the 30th November 2016 S O 3598 E In exercise of the powers conferred by sub section 2 of section 26 of the Reserve Bank of India Act 1934 2 of 1934 the Central Government hereby further amends the notification of the Governme

Govt warns 2.5 lac exemption for cash deposit not for bank accounts that are misused


Strict Action against Tax Evaders using other persons Bank Accounts to convert their Black Money into New Denomination Notes Person s who allows His Or Her Bank Account to be misused for this purpose can be Prosecuted for Abetment under Income Tax Act Government appeals to people NOT to come in the

Bank to report to IT dept cash deposit of more than 2.5 lac in savings and 12.5 lac in current account


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 CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi the 15th November 2016 G S R 1068 E In exercise of the powers conferred by section 285BA read with

Govt extends existing exemption with regard to demonetisation


Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs 500 and Rs 1 000 denominations until the expiry of 14th November 2016 with certain modifications additions to the existing exemptions Governm

Exemption withdrawn to service providers located in foreign territory on OIDAR


To provide a level playing field to Indian service providers the exemption given to service providers located in foreign territory but providing taxable online information and database access or retrieval OIDAR services including electronic services in India is being withdrawn with effect from 1st D

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Experts Opinions

Megha exemption under service tax


Respected Experts My Client is providing repairs amd maintanance work to the dam ie Karnataka power corporation ltd Karnataka power corporation ltd is a public co sub category State govt co In This KPCL Karnataka Govt Holds more than 90 of equity My query is Wheather this KPCL is Eligible for exempt

exemption LTCG sec 10(38)


Benefit of section 10 38 is available on LTCG arising on transfer of units of a business trust which were acquired by assessee in consideration for transfer of shares of special purpose vehicle

tax exemption


Is pvc plastic and Bakelite is exempted from tax please tell me the book or a website where I could see how much tax to pay for particular iteam

Megha exemption under service tax


Respected Experts My Client is providing repair work to the dam ie Karnataka power corporation ltd Karnataka power corporation ltd is a public co sub category State govt co In This KPCL Karnataka Govt Holds more than 90 of equity My query is Wheather this KPCL is Eligible for exemption Under Mega ex

Megha exemption


Thanks to experts gaurav sarda and pallav singhania for reply Even if Karnataka power corporation limited is Private co or Public ltd co but it is a body corporate as per the definition of government for the purpose of mega exemption if gvt holds either by equity or control min of 90 in any body it

Discussion

Exemption notification under excise for supply to sez

Sirs What is the notification number of gettingExempltion under Central Excise for supply to SEZ units This is required for preparing ER1 Earlier we had written 42 2001 but error is generated for the same Regards Jayprakash

Ssp exemption

Whether services provided by Common Service Centre Entrepreneur under the CSC Scheme Scheme of Ministry of Electronics and IT can avail SSP exemption Whether it is treated as a brand services

HRA exemption as well as Sec 24 deduction

Assessee is a person having salary income He had purchased one house property on loan and he is staying with his Parents which is nearby his work place Currently He is claiming HRA exemption by paying rent to his Father and Sec24 deduction on loan taken by him Now he is planning to purchase another

What is the exemption limit of keeping silver ?

1 As per IT rules keeping of gold in the family is expempted upto 500 gms per married lady 250 gms per unmarried lady and 100 gms per male member question is whether this 500 250 100 gm needs to be in the form of jwellery or it can be in the forms of gold bars coins 2 NOW another important question

Regarding exemption u/s 54F

An assessee individual sold a property and invested the sales proceeds in a flat but since he was intending to gift that new flat to his son he directly purchased the new flat in the name of son Whole of the purchase amount was paid by the assessee the father Is the assessee eligible to claim exempt

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Articles

Tax Exemptions - A tool to generate black money & corruption


Dear professional friends In view of tax reforms under process through GST Companies Act 2013 demonetization and Income Tax provisions under review to curb black money and corruption in general I can say that Objective of Govt is good and will prove its worth in due course but some basic change in t


Withdrawal of Service tax exemption on cross border B2C online services


Withdrawal of Service tax exemption on cross border B2C online information and database access or retrieval services w e f December 1 2016 At present the services received in taxable territory from outside the taxable territory by Government a Local Authority a Governmental Authority or an individua


A journey from failure to an Exemption in ISCA!


Its 26 Marks The result came out and it was the first attempt of CA Final Examination I was so scared since the starting of final preparation as I had not that much time to do something special preparation for my least favourite subject ISCA I genuinely wanted just 40 Marks to pass out the group And


Levy of tax and exemptions under GST


Article 246A of the Constitution which was introduced by the Constitution 101st Amendment Act 2016 confers concurrent powers to both parliament and state legislatures to make laws with respect to GST However clause 2 of Article 246A read with Article 269A provides exclusive power to the Parliament t


Exemption on capital gains


Capital Gain Deposit Account Scheme To claim exemption under section 54 the taxpayer should purchase another house within a period of one year before or two years after the date of transfer of old house or should construct another house within a period of three years from the date of transfer If til


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Updated on : 12/5/2016 6:37:11 PM


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