Transcription of New Section 15A - Information Return - Udyog Software
{{id}} {{{paragraph}}}
Example: barber
New Section 15A - Information Return - Udyog Software
New Section 15A - Information Return A new concept of collecting Information of Tax evaders of Indirect taxes Udyog Software (India) Ltd. 11/08/2014 This document the brief on the new Section 15A which has been inserted in the CEA, 1944 All Rights Reserved USIL an Adaequare Company Page 1 A new Section 15A has been inserted in the central excise Act, 1944 the date of the applicability of the Finance Bill 2014. Further, this Section has also been made applicable for Service Tax Law by virtue of Section 83 of Finance Act 1994. This is known as Information Return - A new concept of collecting Information of Tax evaders of Indirect taxes. The concept can be said to be same as Annual Information Return (AIR) in Income Tax This new Section has been inserted so as to empower the CG: To prescribe an authority or agency To whom the Information Return in prescribed form and manner shall be filed By the specified persons such as Income-tax authorities, State Electricity Boards, VAT or Sales Tax authorities, Registrar of Companies Information can be collected for the purposes of the Act, such as, to identify tax evaders or recover confirmed dues.
A new section 15A has been inserted in the Central Excise Act, 1944 w.e.f. the date of the applicability of the Finance Bill’ 2014. Further, this section has also …
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
Levy of excise duty, The Central Excise Act, The Central Excise, THE CENTRAL EXCISE ACT, 1944 [Act, Central Excise, THE CENTRAL EXCISE ACT 1944, The Central, Excise, Audit under Central Excise Act, 1944, Audit under Central Excise Act, 1944 Central Excise Act, Excise Act, Jammu and Kashmir Excise Act, Central, 35F of Central Excise Act, CUSTOMS AND EXCISE DUTIES ACT