Government decides to impose a Swachh Bharat Cess at the rate of 0.5% on all services presently liable to service tax, with effect from 15th November 2015

Swachh Bharat Cess is not another tax but a step towards involving each and every citizen in making contribution to Swachh Bharat. In this direction, the Government has decided to impose, with effect from 15th November 2015, a Swachh Brarat Cess at the rate of 0.5% on all services, which are presently liable to service…

Central Government notifies the “Tolerance Range” for Transfer Pricing cases for Assessment Year 2015-16

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 29th October, 2015 S.O. 2942(E).— In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax Act, 1961 (43 of 1961) read with proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962, the Central…

Prime Minister launches three gold related schemes viz. Gold Monetization Scheme, Sovereign Gold Bond Scheme and India Gold Coins

The Prime Minister, Shri Narendra Modi, launched three gold related schemes at a function on 5th Nov-15.The schemes are – Gold Monetization Scheme, Sovereign Gold Bond Scheme, and India Gold Coins.   On the occasion, the Prime Minister Shri Narendra Modi described the schemes as an example of “sone pe suhaaga” (icing on the cake).…