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New: Budget 2013-14 - 1. Proposal to introduce Commodity Transaction Tax (CTT) in a limited way. CTT applicable on the sale of commodities. Agricultural commodities will be exempted. CTT shall be at the rate of 0.01% on the value of transaction and the tax shall be payable by the seller.2.No change in the normal rates of 12 percent for excise duty and service tax.3. Excise duty on SUVs increased from 27 to 30 percent. Not applicable for SUVs registered as taxis.4.Proposals to levy Service Tax on all air conditioned restaurant.5.Additional deduction of interest upto 1 lakh for a person taking first home loan upto 25 lakh during period 1.4.2013 to 31.3.2014 (Total 2.5 lacs)
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Sunday, January 15, 2012
Section 15HA Non Compliance of Fraudulent and Unfair Trade Practices
SAT Decision in the case of M/S Alka Securities - Section 15H
A which is the non compliance of FUTP - SEBI imposed a penalty of Rs 10 Lac. The detailed order can be
read here
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