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Type Archives - Page 82 of 124 - All About Finance

Implementation of Service Export from India Scheme (SEIS) under FTP 2015-2020

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)  New Delhi, the 9th April, 2015  Notification No. 26/2015-Customs                G.S.R.     .- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), … Read more

The capital gains will arise at the time of redemption of the units and not at the time of roll over

Circular No. 6 of 2015 F. No. 133/39/2014-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) 4.      In the case of mutual funds, the unit of a mutual fund constitutes a capital asset and any sale, exchange or relinquishment of such unit is a ‘transfer’ under clause … Read more

Micro, Small and Medium Enterprises – FAQ – RBI

Updated as on March 16, 2015 Q.1. What is the definition of MSME? A.1. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: (a) Enterprises engaged in the manufacture or production, processing or … Read more

Salient features of the Senior Citizens Savings Scheme, 2004

1. What are the salient features of the Senior Citizens Savings Scheme, 2004? The salient features of the Senior Citizens Savings Scheme, 2004 are given below. Tenure of the deposit account 5 years, which can be extended by 3 years. Rate of interest 9.3 per cent per annum Frequency of computing interest Quarterly Taxability Interest is fully … Read more

The Prime Minister will launch the Micro Units Development and Refinance Agency Ltd. (MUDRA)

 The Prime Minister Shri Narendra Modi will launch the Micro Units Development and Refinance Agency Ltd. (MUDRA) – a Bank tomorrow at a function at Vigyan Bhavan in the national capital.   Earlier in his Budget Speech for Financial Year (FY) 2015-16, the Union Finance Minister Shri Arun Jaitley had proposed the creation of a … Read more

THE FOREIGN TRADE POLICY 2015-2020 – HIGHLIGHTS

  Export from India Schemes: 1.             Merchandise Exports from India Scheme (MEIS) (a)          Earlier there were 5 different schemes (Focus Product Scheme, Market Linked Focus Product Scheme, Focus Market Scheme, Agri. Infrastructure Incentive Scrip, VKGUY) for rewarding merchandise exports with different kinds of duty scrips with varying conditions (sector specific or actual user only) attached … Read more

Goods covered under entry C-70 in the Schedule of Maharashtra Value Added Tax Act, 2002

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 27th March 2015. NOTIFICATION MAHARASEITRA VALUE ADDED Tax ACT, 2002. No. VAT 1515/ CR 39(2)/ Taxation-1, – In exercise of the powers conferred by entry 70 of Schedule C appended to the Maharashtra Value Added Tax Act, 2002 (Mah_ IX of … Read more