Impact of general anti avoidance rule in india

Overview[ edit ] A standard technical definition of dumping is the act of charging a lower price for the like product in a foreign market than the normal value of the product, for example the price of the same product in a domestic market of the exporter or in a third country market.

The I-T department has written to Flipkart founders Sachin Bansal and Binny Bansal seeking to know the details of the income earned following their share sale to US retail giant Walmart and when they would be depositing the advance tax, an official said.

Impact of general anti avoidance rule in india

Service charge not distributed to workers by restaurants liable to income tax: CBDT By CA Atul Gupta Service charge collected by hotels and restaurants but not passed on to staff and workers will be liable to income tax in the hands of such entities, the tax department has said.

But finance and tax experts warn that this essentially signals a return of the "tax terror regime" with potentially grave consequences for the assessees.

How long do you have to keep your income tax related documents? By CA S K Verma If you are a law abiding individual who files income tax returns ITRs diligently every year then sooner or later you will end up with a pile of old documents kept as supporting proof for these returns and ask the question: How long does one have to preserve these papers?

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All documents such as rent receipts or rental agreement, section 80C tax saving documents etc. Income Tax Calculator AY online with example for salaried employees: Income tax is levied by the Government of India on the income of every person.

Impact of general anti avoidance rule in india

A taxpayer filed her return of income for assessment year on September 30, and declared a total income of Rs 9.Dumping, in economics, is a kind of injuring pricing, especially in the context of international tranceformingnlp.com occurs when manufacturers export a product to another country at a price below the normal price with an injuring effect.

The objective of dumping is to increase market share in a foreign market by driving out competition and thereby . Following is the answer key for the recently conducted General Studies Paper – 1 (Set – C) of the UPSC civil services preliminary exam.

We have tried to provide best possible explanation for each question based on various authentic sources. That there is no compulsion in Islam and that Islam is a religion of peace are common refrains among Muslim activists,[1] academics,[2] officials,[3] and journalists.[4] In an age of terrorism and violent jihad, nowhere, they argue, does the Qur'an allow Muslims to fight non-Muslims solely because.

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Leave salary received by any employee during the period of service is fully tranceformingnlp.comr relief under section 89 read with rule 21A can be claimed (Circular no Dated September 12,).

The following summaries are posted ONLY when debates are RELEVANT to topics given in UPSC syllabus.

They are NOT posted daily.. Lok Sabha, Rajya Sabha and All India Radio Discussions – Summaries. Rajya Sabha TV In . Following is the answer key for the recently conducted General Studies Paper – 1 (Set – C) of the UPSC civil services preliminary exam.

We have tried to provide best possible explanation for each question based on various authentic sources.

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