Home Highlights May 2012 Year 2012 This

You may also like:

1. Extend the 'Transport and Marketing Assistance' (TMA) Scheme for a further period of one year - Notification

2. Amendment of section 28 of Customs Act, 1962 - Recovery of duties not levied or short-levied or erroneously refunded - to extend the limitation period for investigation...

3. Notification 38/2024 Customs extends the duration for export of aircraft and vessels imported for maintenance, repair and overhauling from 6 months to 1 year, further...

4. The Ministry of Finance, Department of Revenue, Office of the Commissioner of Customs issued a Public Notice regarding the receipt of e-BRC for exports made from...

5. Notification amends Competition Commission of India (Procedure for Engagement of Experts and Professionals) Regulations, 2009. Substitutes "experts or professionals...

6. The Central Board of Indirect Taxes and Customs (CBIC) extended the implementation date for the Sea Cargo Manifest and Transhipment Regulations (SCMTR) at certain ports...

7. Amendment of section 73 - Service Tax - The limitation period for recovery of service tax not levied or paid or short- levied or short paid or erroneously refunded, for...

8. Amendment of section 11A of Central Excise Act, 1944 - Recovery of duties not levied or not paid or short-levied or short-paid or erroneously refunded - the words “two...

9. Measure to facilitate trade during the lockdown period - section 143AA of the Customs Act, 1962 - Circular

10. Waiver of penalty u/s 234B - Penalty u/s 271C - failure to deduct tds - The software was updated in the subsequent year with the result tax at source on interest income...

11. Benefit of the option of lower rate of tax exercised by the assessee u/s 115BA - claim was denied by the CPC/CIT(A) for the simple reason that the assessee has not filed...

12. Late fee levied u/s 234E - delay in furnishing the tax deducted at source statement - Late fee under section 234B cannot be levied for a period up to 01/06/2015. In the...

13. 100% EOU - The condition of installation of capital goods within one year was, thus, made applicable both for goods which are imported duty free as well as procured duty...

14. The Finance Bill 2025 introduces key changes to income tax provisions focusing on crypto-asset reporting, loss carry-forward in amalgamations, and extended timelines for...

15. CENVAT Credit - time limitation - entitlement for Credit beyond six month - since the time limit has been extended from six months to one year by substitution in the...