Facts of the case The Transport Department of Karnataka through a competitive bidding process invited proposals from interested parties for supply, installation and maintenance of computer systems, supply and printing of smart cards, provision of data entry services and to carry out other activities incidental thereto.The proposal submitted by the assessee was accepted by the… Read More »
Commercial Expediency Facts of the Case The present appeal preferred by the assessee pertains to the Assessment Year 1988-1989. In the income tax return filed by the assessee for the aforesaid Assessment year, the assessee, inter alia, claimed deduction of interest paid on borrowed sums from Bank under the provisions of Section 36(1)(iii) of the… Read More »
When did the Right to Information Act, 2005 come into force? The Right to Information Act came into force fully on the 12th October, 2005 (120th day of its enactment i.e., 15th June, 2005). Some provisions came into force with immediate effect viz. obligations of public authorities [Section 4(1)], designation of Public Information Officers and… Read More »
1. What is retirement planning and how to ensure an independent life even when one retires from active work life? Retirement planning involves disciplined saving, vigilant investment to build a sufficient retirement corpus and its judicious drawdown in the post-retirement phase. This is achieved by joining a pension/retirement plan at an early stage in one’s life… Read More »
Ministry of Women and Child Development of Govt of India on 25-November, 2015 Maneka Sanjay Gandhi & Suresh Prabhu Launch Railway Posters for Child Protection and Inaugurate Childline Kiosk at New Delhi Railway Station The Minister of Women and Child Development, Smt. Maneka Sanjay Gandhi and Minister of Railway, Shri Suresh Prabhakar Prabhu today jointly… Read More »
55/2015-Cus,dt. 24-11-2015 Seeks to further amend notification No. 52/2003-Customs dated 31-03-2003 so as to enable EOUs to become eligible for duty exemption on raw materials/parts consumed in manufacture of certain specified ships/vessels and cleared to DTA, even if such ships/vessels are exempt from basic customs duty and central excise/CV duty [TO BE PUBLISHED IN THE… Read More »
54/2015-Cus,dt. 24-11-2015 Seeks to further amend notification No. 12/2012-Customs dated 17.3.2012 so as to provide exemption from custom duties on all raw material and parts for use in manufacture of certain specified ships/vessels subject to actual user condition and also removing the requirement of manufacturing of ships/vessels in a custom bonded warehouse under the provisions… Read More »
Following Notification seeks to further amend notification No. 12/2012-CE dated 17.3.2012 so as to provide exemption from excise duty on all raw material and parts for use in manufacture of certain specified ships/vessels subject to actual user condition and also removing the requirement of manufacturing of ships/vessels in a custom bonded warehouse under the provisions… Read More »
Following Notification Seeks to further amend notification No. 22/2003-CE dated 31-03-2003 so as to enable EOUs to become eligible for duty exemption on raw materials/parts consumed in manufacture of certain specified ships/vessels and cleared to DTA, even if such ships/vessels are exempt from basic customs duty and central excise/CV duty. [TO BE PUBLISHED IN THE… Read More »
How many schemes are formulated by Govt of India for Indian Handicrafts ? 1. Baba Sahab Ambedkar Hastshilp Vikas yojna. 2. Design & Technology up-gradation scheme. 3. Marketing Support & Services Scheme. 4. Human Resources Development Scheme. 5. Handicrafts Artisan comprehensive Welfare Scheme. 6. Research & Development Scheme. How are the schemes being implemented? Proposals… Read More »