Finance
Ministry notifies excise duty rates on petroleum products w.e.f. today, i.e.
July 1; Levies duty at Rs. 8.48 per litre on Motor Spirit (Petrol) ‘intended
for sale without brand name’ vs. Rs. 9.66 per litre for ‘other’; High Speed
Diesel (HSD) ‘intended for sale without a brand name’ shall attract rate Rs.
10.33 per litre excise duty while 'other' shall be taxed at Rs. 12.69 per
litre; Extends exemption to ‘Kerosene’ for ultimate sale through public
distribution system, 5% & 10% ethanol blended petrol, HSD oil blended with
alkyl esters of long chain fatty acids, LNG, and Natural Gas (other than
compressed natural gas); Aviation Turbine Fuel drawn by operators or cargo
operators from the Regional Connectivity Scheme (RCS) airports to be taxed at
2% till August 25, 2019; Supersedes Notification No. 12/2012-CE : Finance
Ministry Notification
Subscribe to:
Post Comments (Atom)
Bombay High Court Clarifies Tax Exemption Eligibility for Venture Capital Funds
In a significant ruling, the Bombay High Court has reaffirmed that a Venture Capital Fund (VCF) registered with SEBI is entitled to claim ...
-
Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Facts Centrica India Offshore Private Limited (CIO), an Indian Company, is a wholly owned subsidiary of Centrica Plc, UK Centrica Plc a...
-
The Tax Audit season has started and it’s the time when the Assessees rush to their Chartered Accountants (CA) to get their Tax Audit d...
-
SREI Infrastructure Finance Ltd vs. ITSC (Delhi High Court) The assessee entered into a scheme of arrangement u/s 391-394 of the Compani...
-
Facts The taxpayer, a partnership firm, derived income from the business of handling and transport of ship containers, customs clearing a...
-
M/s. Alpha Projects Society P. Ltd vs. DCIT (ITAT Ahmedabad) In AY 2005-06, the assessee made payments to contractors & for professi...
-
01. TDS u/s 194J is required to be done for Royalty also w.e.f 13-7-2006. 02. Royalty had been defined under explanation 2 of se...
-
F.No.354/66/2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs...
-
M/s. Merilyn Shipping & Transports vs. ACIT (ITAT Visakhapatnam Special Bench) The assessee incurred brokerage expenses of Rs.38....
No comments:
Post a Comment