Govt relaxes fuel retailing norms, private firms can set up petrol pumps Government has scrapped a rule that mandated a company to commit at least Rs 2,000-crore investment in the petroleum sector. With this, newer players like Total, Adani, and Saudi Aramco — and even super markets — can open outlets for selling automobile fuel.Entities seeking authorisation will now need to have a minimum net worth of Rs 250 crore only.Authorised entities will, however, have to meet certain conditions such as setting up a minimum 5 per cent of their retail outlets in the notified remote areas within five years of grant of authorisation.

Govt approves BSNL-MTNL merger, clears Rs 70,000-crore relief package. The relief package includes a sovereign bond issue worth Rs 15,000 crore, to be serviced by the two telcos. Also, BSNL and MTNL will be allotted 4G spectrum at an administered price, pegged at the 2016 auction value. The two firms would be allotted 4G spectrum worth Rs 20,140 crore, Rs 29,937 crore for VRS covering 50 per cent of their employees.BSNL has around 1,76,000 employees and MTNL workforce is at 22,000.

CIT(A) cannot enhance assessment by taking income which wasn't considered by AO during assessment-Delhi-Tri

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CA Final DT Revision By CA Bhanwar Borana sir in Parts
1. Rates of Taxes - https://youtu.be/A3zC_sC_OQM
2. Other Sources - https://youtu.be/X6a7hyABBKs
3. Capital Gains - https://youtu.be/g2WYwUctBc8
4. PGBP - https://youtu.be/biNVtgRDvS8
5. Taxation of partnership firm - https://youtu.be/NSTGw47B7oE
6. Amalgamation, Demerger and Liquidation of Companies- https://youtu.be/jcIDeruJkSg
7. Assessment Procedure ¬- https://youtu.be/74ZEo6FspNY
8. TDS / TCS - https://youtu.be/RwNXj1XYj3w
9. 10AA/SEZ - https://youtu.be/nlcBR-5m4iA
10. Alternate Minimum Tax (AMT) - https://youtu.be/aUxDxMOIJ3E
11. Minimum Alternative Tax (MAT)- https://youtu.be/VwiZIehTk50
12. Trust (Invit/Bst / Securitization) - https://youtu.be/TYe35DfZDpw
13. AOP/BOI - https://youtu.be/CJf-nL5MnKo
14. Charitable Trust- https://youtu.be/wnYkGuw2-hk
15. Transfer Pricing - https://youtu.be/MzY_hpvyn2w
16. DTAA - https://youtu.be/1tuzKKp6Gy0
17. BuyBack of Shares - https://youtu.be/wlvFymyr9lk

Q336 Correct Answer is (c)

Q327 Correct Answer is (a)

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Q337 Correct Answer is (d)

Q314 Correct Answer is (c)