In a boost to the home textile segment, the government has extended a five per cent duty drawback benefit to the made-ups (including towels, bedsheets, curtains, decorative cotton products, etc) sector.
New deposit declaration scheme
Pradhan Mantri Garib Kalyan Yojana (PMGKY), 2016, has started on December 17 and will remain op
Non disclosure of Foreign assets or exempt income in ITR
There are various Incomes which are exempted from the levy of income tax in the hands of the pers
New cars used in hiring business are entitled to higher depreciation irrespective of their use for public transport
The ITAT Ahmedabad Bench held that on new induction of motor car, depreciation at higher rate w
Tax officers to file self-appraisal report on e-assessment
Tightening reporting norms, the tax officers have been asked to submit self appraisal reports t
New tax treaty with Cyprus
A substantial amount of investments into the real estate sector in India had come through the C
Chapter VI-A deduction on enhanced profits
CBDT has accepted the settled position of the various cases settled by Gujarat High Court, Bomb
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