S Ramesh takes charge as new chairman of Central Board of Indirect Taxes and Customs

S Ramesh, a 1981 batch officer of the Indian Revenue Service (Customs and Central Excise), has taken over charge as the new chairman of the Central Board of Indirect Taxes and Customs (CBIC), the apex policy-making body for indirect taxes. ..

S Ramesh appointed as new chairman of Central Board of Indirect taxes and Customs (CBIC)

S Ramesh has been appointed as the new chairman of Central Board of Indirect taxes and Customs (CBIC). He will succeed Vanaja N. Sarna on July 1. The CBIC is the apex body for administering the levy and collection of ..

Property Tax in India

The term ‘property’ stands for tangible real estate owned by a person. It includes houses, office places, rented out properties etc. Taxes are the primary source of income of the government and they determine the kind and amount of resources ..

Capital Gains versus Capital Receipts

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings {a prelims question was asked if investment in paintings is a capital gains tax} ..

Long Term Capital Gains

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings. Capital Gains tax is of two kind viz. Short term and long term. ..

SK Mohanty appointed as whole-time member of market regulator SEBI

Santosh Kumar Mohanty has been appointed a whole-time member of market regulator Securities and Exchange Board of India (SEBI) for a period of three years. At present Executive Director in SEBI. Prior to this assignment, he was serving as Director ..

Month: Current Affairs - April, 2018

90th AGM of Federation of Indian Chamber of Commerce and Industry (FICCI)

The 90th edition of Annual General Meeting (AGM) of Federation of Indian Chamber of Commerce and Industry (FICCI) has started in New Delhi, which was addressed by Prime Minister Narendra Modi on December 13, 2017. It was the Mr Modi’s ..

Badri Narain Sharma appointed as chairman of newly constituted NAA under GST regime

Badri Narain Sharma, the 1985 batch IAS officer of the Rajasthan cadre, has been appointed the chairman of the newly constituted National Anti-Profiteering Authority (NAA) under the Goods and Services Tax (GST) regime. Prior to this appointment, Sharma was an ..

12th Standing Committee meeting of Inter-State Council (ISC)

Rajnath Singh, the Union Home Minister, has chaired the 12th Standing Committee meeting of the Inter-State Council (ISC) in New Delhi on November 25, 2017. The purpose of the meeting was to discuss the recommendations of the Punchhi Commission on ..

Sushil Modi committee constituted by Union Finance Ministry to monitor tech issues of GST

The Union Finance Ministry has constituted a Group of Ministers (GoM) headed by Bihar Deputy Chief Minister Sushil Kumar Modi to monitor and resolve the IT challenges faced in the implementation of GST. The GoM will be assisted by the ..