Next decade theme -- save environment -- cut less trees
Currently manufacturing of furniture leads to lot of cutting of trees. Some company has already build inhouse capabilities to manufacture similar furniture with reduced use to wooden tree.
PROFESSIONAL UPDATES @ TEAMBRINGIT us
Assessee would be liable to deduct tax at source under section 194C on payments made as transportation charges to intermediate parties who arranged actual transporters from open market for carriage of goods by transport for assessee, even if there was no written contract between assessee and intermediary party. HC denied to order valuation of goodwill as it arises on acquisition of business in slump sales. Penalty order is illegal and without jurisdiction if it was passed during pendency of assessment proceeding: HC. Commission agent's services are ineligible for credit as he isn't not 'sales promotion agent'. Off-shore under-construction installations or incomplete structures do not form part of 'India'/ 'taxable territory'; hence, services imported by them are not liable to service tax under reverse charge.
India saved about Rs 4,000 Cr in forex due to Ethanol. Expect forex saving of Rs 12,000 cr in the next 4 years, says @narendramodi
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