Latest FAQs on Income Computation and Disclosure Standards (ICDS) notified u/s 145(2)

Latest FAQs on Income Computation and Disclosure Standards (ICDS) notified u/s 145(2)

Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961. CBDT Circular No. 10/2017, Dated: March 23, 2017 Sub-section (1) of section 145 of the Income-tax Act, 1961(‘the Act’) provides that the income chargeable under the head “Profits … Continue Reading →
Government Approved the Abolition of various Cesses and Surcharges for Implementation of GST

Government Approved the Abolition of various Cesses and Surcharges for Implementation of GST

Government Approved the Abolition of various Cesses and Surcharges for Implementation of GST Cabinet approves Amendment of in the Customs and Excise Act, relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime. Union Cabinet chaired by the Prime … Continue Reading →
Classification of “Saree” does not change even after embroidery, stitching of lace and tikki

Classification of “Saree” does not change even after embroidery, stitching of lace and tikki

Classification of “Saree” does not change even after embroidery, stitching of lace and tikki CBEC vide Circular No. 1054/03/2017-CX  dated the 15th March, 2017 has clarified that “saree” which has undergone further processing such as embroidery, stitching of lace and tikki etc. and stitched with two … Continue Reading →