9911796707
| TMI General Search |
|
Advanced Search Options
Showing 41 to 60 of 141 Records Search Text: list hospitals exempted medical reimbursement section 17 |
| Search Results |
| Acts / Rules (2) Articles (3) Case-Laws (72) Circulars (41) Forum (1) News (14) Notifications (8) |
|
Master Circular on Miscellaneous Remittances from India –Facilities for Residents The Master Circular on Miscellaneous Remittances from India provides comprehensive guidelines for authorized dealers on foreign exchange transactions for residents under the Foreign Exchange Management Act (FEMA), 1999. It consolidates existing instructions regarding various remittance facilities, including private visits, cultural tours, employment abroad, emigration, maintenance of relatives, business trips, medical treatment, and education. The Liberalised Remittance Scheme (LRS), allowing resident individuals to remit up to USD 250,000 per financial year for permitted transactions. It also specifies conditions for issuing guarantees, using international credit and debit cards, and documentation requirements. The circular is updated periodically to reflect new instructions and amendments.
Master Circular on Miscellaneous Remittances from India – Facilities for Residents The Master Circular issued by the Reserve Bank of India consolidates guidelines on miscellaneous remittances from India for residents under the Foreign Exchange Management Act, 1999. It details the permissible transactions for which foreign exchange can be drawn, including private visits, business travel, medical treatment, and cultural tours. The circular also outlines the Liberalised Remittance Scheme, allowing residents to remit up to USD 125,000 per financial year for permissible transactions. It specifies documentation requirements, conditions for using international credit and debit cards, and guidelines for handling unspent foreign exchange. The circular emphasizes compliance with the Act's provisions and the need for authorized dealers to verify the purpose of transactions.
Master Circular on Miscellaneous Remittances from India –Facilities for Residents The Master Circular consolidates guidelines on miscellaneous remittances from India for residents under the Foreign Exchange Management Act, 1999. It outlines permissible transactions and conditions for remittances, including private and business travel, medical treatment, education, and cultural tours. The circular specifies the Liberalised Remittance Scheme, allowing residents to remit up to USD 200,000 annually for current or capital account transactions. It details documentation requirements, use of international credit/debit cards, and guidelines for unspent foreign exchange. The circular applies until July 1, 2014, after which it will be updated.
Master Circular on Miscellaneous Remittances from India – Facilities for Residents The Master Circular consolidates guidelines for miscellaneous remittances from India under the Foreign Exchange Management Act, 1999. It outlines the procedures and limits for various transactions, including private visits, business travel, medical treatment, and education abroad. It specifies that authorized dealers can release foreign exchange based on self-declaration for transactions up to USD 100,000 without requiring supporting documents. The Circular also details the Liberalized Remittance Scheme, allowing resident individuals to remit up to USD 200,000 annually for permissible transactions. The Circular is effective until July 1, 2008, after which it will be updated.
Finance Act, 2006 - Explanatory Notes on provisions relating to Direct Taxes The Finance Act, 2006, enacted as Act No. 21 of 2006, introduces several amendments and new provisions relating to direct taxes. It specifies income tax rates for the assessment year 2006-07 and amends numerous sections of the Income-tax Act, 1961, including sections on exemptions, deductions, and tax credits. Key changes include the introduction of new sections like 80AC and 115BBC, adjustments to tax rates for different entities, and modifications to the treatment of deductions and exemptions. The Act also addresses the taxation of anonymous donations, the carry-forward of MAT credit, and the rationalization of provisions related to fringe benefits, among other measures. These amendments aim to streamline tax processes, enhance compliance, and ensure clarity in tax regulations.
Minutes of the 53rd Meeting of the GST Council held on 22nd June, 2024 The 53rd GST Council meeting, chaired by the Union Finance Minister, focused on various amendments and clarifications regarding the GST Act. Key agenda items included amendments to the CGST and IGST Acts, addressing issues like non-applicability of GST on Extra Neutral Alcohol used in alcoholic liquor production, and clarifying provisions related to reverse charge mechanism supplies. The Council also discussed reducing litigation by setting monetary limits for departmental appeals and proposed changes in GST rates for certain goods and services. Additionally, the Council reviewed the revenue position and the status of the GST Appellate Tribunal, emphasizing the need for rate rationalization in future meetings.
Circular No. 24/2022 issued by the Central Board of Direct Taxes outlines the guidelines for income tax deduction from salaries under Section 192 of the Income-tax Act, 1961 for the financial year 2022-23. It specifies the rates of tax deduction, the definition of salary, perquisites, and profits in lieu of salary, and the method for tax calculation. The circular also details the responsibilities of employers in deducting and depositing tax, issuing TDS certificates, and the consequences of non-compliance. Additionally, it provides information on exemptions, deductions under Chapter VI-A, and procedures for filing TDS statements.
The circular issued by the Government of India outlines the guidelines for income-tax deduction from salaries under Section 192 of the Income-tax Act, 1961, for the financial year 2021-22. It details the tax deduction process, rates of tax applicable as per the Finance Act, 2021, and the responsibilities of employers in deducting and remitting tax to the government. The document includes definitions of salary components, perquisites, and profits in lieu of salary, along with exemptions and deductions available under various sections of the Income-tax Act. It also provides information on the calculation of tax liabilities, procedures for filing TDS statements, and penalties for non-compliance.
2021 (1) TMI 435 - AUTHORITY FOR ADVANCE RULING, GUJARAT Classification of services - consultancy services - pure services or not - Scope of the terms used in the contract / agreement - service receiver i.e. Surat Municipal Corporation, Ahmedabad Urban Development Authority, Pune Municipal Corporation, Executive Engineer, Public Works Division, Pune and Rajkot Smart City Development ltd. - Central Government or State Government or Union Territory or Local Authority or a Governmental Authority or a Government Entity ? - relation to any function entrust... ... ...
2019 (10) TMI 517 - ITAT INDORE Fringe benefit tax - addition of expenses relating to supply of electricity at concessional rates to employees - HELD THAT:- The supply of electricity by the assessee to its employees at concessional rates would certainly be perquisite in terms of section 17(2) of the Act. However, it is incumbent upon the assessee to furnish evidence that the benefit given to employees in the form of supply on concessional rates is treated as perquisite and due taxes has been deducted at source. In the absence ... ... ...
2019 (4) TMI 868 - ITAT AHMEDABAD TP adjustment - Corporate Guarantee provided to associated enterprises - reliance on ratio decidendi rendered by the earlier order of the Tribunal - assessee is against the confirmation of the addition of corporate guarantee fees up to 2% whereas the Revenue is in appeal before us against the reduction of the addition of corporate guarantee fee from 2.96% to 2% - HELD THAT:- On identical facts and circumstances in the own case of the assessee and Revenue pertaining to AY 2009-2010, the ITAT was ... ... ...
2018 (10) TMI 191 - BOMBAY HIGH COURT TDS u/s 194J - Addition u/s 40(a)(ia) - failure to deduct the tax on the hospital charges - assessee is appointed by various insurance companies to disburse amounts under what is styled as Mediclaim Insurance Policy - Held that:- The Tribunal found that the assessee is only facilitating the payment by the insurer to the insured for availing the medical facilities. The assessee is not rendering any professional services to the insurer or the insured and is only collecting the amount from the insu... ... ...
2019 (3) TMI 202 - ITAT DELHI Addition of freight inward/import clearing expenses to cost of closing inventory - HELD THAT:- If valuation of closing stock is changed then the value of opening stock should also be changed on the same basis or method. The closing stock of a particular year is the opening stock of the subsequent year. It is not the case of the revenue that the method of valuation of closing stock is materially affecting the accounts and profits disclosed by the assessee. This adjustment sought to be made is rev... ... ...
2017 (5) TMI 1671 - ITAT MUMBAI Treatment of corpus donation - application of income towards objects of the Trust - assessee has given donation to Tolani Education Society which has been claimed by the assessee as application of income towards the objects of the Trust - HELD THAT:- Similar issue in respect of donation being paid by the assessee trust to Tolani Education Trust was decided by this Tribunal in favour of the assessee [2013 (10) TMI 875 - ITAT MUMBAI] Claim toward repairs and maintenance u/s. 24 in computing the in... ... ...
2016 (4) TMI 1307 - ITAT PUNE Benefit of exemption u/s.11 denied - assessee is not engaged in charitable activity and has not provided services to the underprivileged section of the society - running of the canteen - Held that:- Denial of exemption u/s.11 by the AO on account of running of the canteen is not correct, we find no infirmity in his order holding that the assessee cannot be denied exemption u/s.11 of the Act for running a canteen and making profit out of it. So long as the surplus generated from the canteen is ut... ... ...
2016 (3) TMI 1326 - COMPETITION APPELLATE TRIBUNAL , NEW DELHI Anti-Competitive Activities - closure of proceedings of the case under Section 26(2) of the Competition Act, 2002 - discrimination followed by DGHS and ECHS between hospitals on the basis of their accreditation to the National Accreditation Board for Hospitals and healthcare providers (NABH) - appellant - informant has alleged that there is no scientific basis to this discrimination. Whether DGHS and ECHS can be termed as 'enterprise' under Section 2(h) to make them liable under Sections 3 or 4 ... ... ...
2015 (5) TMI 143 - CESTAT MUMBAI General Insurance Business - deposit insurance services rendered by DICGC - DICGC is a subsidiary of RBI - exemption from service tax - Finance Ministry, who issued a clarification vide letter dated 24/2/2009 to the effect that the charges collected by DICGC are not taxable under the taxable service of General Insurance Service - CBEC, vide letter dated 20/9/2011 clarified that the insurance activity of DICGC falls within the ambit of section 65(105) (d) of Finance Act,1994 and is chargeable to ... ... ...
The Union Budget for 2015-16, presented by the Finance Minister, outlines a positive economic outlook for India amidst global challenges. Key initiatives include empowering states as partners in growth, enhancing public expenditure for job creation, and poverty reduction. The government plans to implement GST by April 2016 and promote financial inclusion through the JAM Trinity. Efforts to curb inflation, improve infrastructure, and support sectors like agriculture, manufacturing, and digital connectivity are emphasized. Social security schemes for insurance and pensions are introduced, and measures to combat black money are proposed. The budget aims for fiscal discipline while boosting investment and growth.
2013 (9) TMI 305 - ITAT BANGALORE TDS u/s 192 - obligation of the assessee to deduct tax at source on "medical reimbursement" - Default in deducting TDS - Assessee in default u/s 201 - Held that:- exemption in respect of medical expenditure is considered after collecting and verifying the details and evidence furnished by the employees. Policies and controls are in force to ensure that the requirements of the provision are fulfilled. The details filed before the TDS officer explains the policies adopted to fulfill the process ad... ... ...
2013 (7) TMI 1026 - ITAT BANGALORE The Tribunal dismissed the Revenue's appeals, upholding the CIT (A)'s order that the employer's actions regarding tax deductions on Leave Travel Allowance and Medical Reimbursement were compliant with the law. The Tribunal emphasized that the employer's estimates were bona fide and consistent with relevant provisions, rejecting the narrow interpretation of the Assessing Officer. The decision reiterated the employer's responsibility to estimate taxable salary correctly, including exemptions, and highlighted that the employer should not be penalized for honest differences of opinion. The appeals were dismissed, affirming the CIT (A)'s order as lawful and justified.
|
