Government of India has constituted a Special Investigation Team (SIT) under the Chairmanship of Hon’ble Justice M.B. Shah. In this regard, the Hon’ble Supreme Court has directed that all organs […]
RBI has cleared that prepaid foreign currency cards are a form of foreign currency, similar to foreign currency notes or travelers cheque hence, authorized dealers/ FFMC’s selling pre-paid foreign currency […]
Service Tax (Valuation) Rules, 2006, in rule 2A, in clause (ii), sub clause (B) and (C) have been altered. To read the full notification go to Service tax valuation rules amended.
The Central Government has amended section 75 of the Finance Act 1994, to fix the rates of simple interest per annum for delayed payment of service tax which shall come […]
The Central Government has amended the place of provision of services rules which shall come into force from 1st October 2014, in Rule 2 (f) for temporary import, Rule 4(a) […]
The Central Government for section 28E (c)(iii) specifies “ the resident private limited company” as a class of person for the clause whereby a private limited company would mean the […]
The Central Board of Direct Taxes amended the Income Tax Rules, 1962, to be called as the Income Tax (7th Amendment) Rules, 2014 for Form No. 3CA, 3CB and 3CD and issued the amended forms […]