According to Section 97(8) if all the following conditions are satisfied then loss arising on account of purchase and sale of units(hereinafter referred to as original units) shall be ignored for computing income chargable to tax 1) Any person buys
CENVAT Basic purpose of VAT is to avoid cascading effect in the payment of taxes to the government. Its main advantage can be found as fall in the payment of taxes by the ultimate consumer. CENVAT also comes in the same format but is structured in
The following changes have been effected in the Income Tax Act,1961 by way of Finance Act, 2011 : 1. Rates of Income Tax: Rates under the various categories have changed. INDIVIDUAL (EXCL. WOMEN) BELOW 65 YEARS OF AGE/HUF/AOP/BOI/AJP :
Many new notifications have been issued by the Central Board of Excise & Customs on 25-4-2011 in the field of Service Tax. They have been compiled here along with relevant inputs from the Letter by Joint Secretary(TRU-II) 1. DATE OF COMI
As we know C forms are required to be submitted by a seller with the sales tax authorities after obtaining the same from the purchaser of goods if the sale is an interstate sales and CST has been charged at concessional rate of 2% as per the require
Challenges make you perfect Introduction: In our life we need to face several challenges in every day. When ever we are facing challenges most of us we thinking about the trouble arising from the challenges and worried about the problem come out
Finance Act 2011/ Post Budget Changes - Analysis - Service Tax & Excise Budget CA Madhukar N. Hiregange Budget Updates Central Excise Central Excise is already quite old law and ex
Dear All, This is my second attempt to share something useful in the form of this Article. Im sharing the below piece of advice because I believe in it. Hoping that the suggestion mentioned below would help some student to realise something us
As a general principle, law of a State has effect only within its own boundaries. This general principle, however, has a very important exception.
AN EXAM-EVE RAPID SUMMARY OF CASE LAWS ON SERVICE TAX The final part at 0430 hours in morning!!! So I have done my part leaving it to you With lots of love and best wishes. Preliminary Legal Provisions
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