featured Direct Tax Collection Mop-Up At Rs.6 Lakh Crores Till Oct.
With the net direct tax collection till October closing in on Rupees 6 lakh crore and average monthly GST mop-up likely around Rupees 1.15 lakh crore this fiscal, the governmentās tax collection kitty will surpass budget estimates this financial year, Revenue Secretary Tarun Bajaj said. In an interview with PTI, Bajaj said the relief in excise duty on petrol and diesel and...
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IECs Not Updated After January 2014 to be Deactivated: DGFT
The Importer-Exporter Code (IEC) is a key business identification number that is mandatory for exports or imports. No person shall make any import or export except under an IEC number granted by the DGFT. On August 8, this year, the Directorate General Of Foreign Trade (DGFT) had directed all IEC holders to ensure that details in their IEC are updated electronically every...
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IPL Matches Not Liable For Tax : ITAT
IPL Matches Not Liable For Tax : ITAT The Income Tax Appellate Tribunal has held that the Board of Control for Cricket in India (BCCI) is entitled to registration under Section 12A of the Income Tax Act, which makes it eligible for tax exemption, despite the launch of the Indian Premier League Tournament. The ITAT held that just because IPL is structured...
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