Budget: Exempt entities like non-profits face hurdles due to TCS on transactions. Govt can notify exemptions/lower TCS rates for them. Effective Oct '...
Budget: Amendments clarify penalties for inaccurate info/non-compliance with due diligence under AEoI. Rs. 50K fine for errors/failures. Defense allow...
Section 6 of the Customs Tariff Act, 1975, enabling levy of protective duties on recommendations of Tariff Commission, is being omitted as the Commission was wound up in June 2022. This change will be effective from the enactment date of Finance (No. 2) Bill, 2024.
Section 6 of the Customs Tariff Act, 1975, enabling levy of protective duties on recommendations of Tariff Commission, is being omitted as the Commission was wound up in June 2022. This change will be effective from the enactment date of Finance (No. 2) Bill, 2024.
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