Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
The customs notification amends Notification No. 57/2000-Customs by substituting the rate entry in the table against Sl. No. 1, column (4), so that the existing 4.35% duty on gold, silver and platinum imported under the specified schemes is replaced with 10%. The amendment is issued under section 25(1) of the Customs Act, 1962 and takes effect from 13 May 2026, thereby increasing the applicable import duty rate for the covered imports.
The customs notification amends Notification No. 57/2000-Customs by substituting the rate entry in the table against Sl. No. 1, column (4), so that the existing 4.35% duty on gold, silver and platinum imported under the specified schemes is replaced with 10%. The amendment is issued under section 25(1) of the Customs Act, 1962 and takes effect from 13 May 2026, thereby increasing the applicable import duty rate for the covered imports.
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