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Government Policies

Biodiversity

The Biological Diversity ( Biodiversity ) Act 2002

The Act covers conservation, use of biological resources and associated knowledge occurring in India for commercial or research purposes or for the purposes of bio-survey and bio-utilisation. It provides a framework for access to biological resources and sharing the benefits arising out of such access and use. The Act also includes in its ambit the …

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pulses

Agriculture Export Policy, 2018 – India

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Agriculture Export Policy, 2018 on 6th Dec 2018 [ Reference Press release ]. In order to provide an impetus to agricultural exports, the Government has come out with a comprehensive “Agriculture Export Policy” aimed at doubling the agricultural exports and integrating Indian …

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Eco sensitive

Wildlife Conservation Strategy, 2002

Strategy 2002 talks about “protecting the interests of the poor and tribals living around protected areas”. The Strategy 2002 recommends that the settlement of rights of people inside protected areas should not become an excuse to exclude or reduce areas that are crucial wildlife habitats. If it had analysed the situation, it would have realised …

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Eco

What is Eco-Sensitive Zones (ESZs) or Ecologically Fragile Areas (EFAs) ?

Eco-Sensitive Zones (ESZs) or Ecologically Fragile Areas (EFAs) are areas notified by the Ministry of Environment, Forests and Climate Change (MoEFCC), Government of India around Protected Areas , National Parks and Wildlife Sanctuaries. The purpose of declaring ESZs is to create some kind of “shock absorbers” to the protected areas by regulating and managing the …

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income-tax

Rule 7 of income tax act – Income which is partially agricultural and partially from business .

7 . (1)In the case of income which is partially agricultural income as defined in section 2 and partially income chargeable to income-tax under the head “Profits and gains of business”, in determining that part which is chargeable to income-tax the market value of any agricultural produce which has been raised by the assessee or …

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Rubber

Rule 7A of income tax act – Income from the manufacture of rubber

7A.[(1) Income derived from the sale of centrifuged latex or cenex or latex based crepes (such as pale latex crepe) or brown crepes (such as estate brown crepe, remilled crepe, smoked blanket crepe or flat bark crepe) or technically specified block rubbers manufactured or processed from field latex or coagulum obtained from rubber plants grown …

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tea

Rule 8 of income tax act –Income from the manufacture of tea

8. (1) Income derived from the sale of tea grown and manufactured by the seller in India shall be computed as if it were income derived from business, and forty per cent of such income shall be deemed to be income liable to tax. (2) In computing such income an allowance shall be made in …

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Coffee

Rule 7b of income tax act – Income from the manufacture of coffee

7B. [(1) Income derived from the sale of coffee grown and cured by the seller in India shall be computed as if it were income derived from business, and twenty-five per cent of such income shall be deemed to be income liable to tax. (1A) Income derived from the sale of coffee grown, cured, roasted …

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pulses

Understanding terms and formulas used to decide the MSP by CACP & Government of India

Cost of production of a Crop while deciding Minimum Support Price ( MSP ) is categorised into 3 major categories as, A2  => Actual paid out cost A2 +FL => Actual paid out cost plus imputed value of family labour C2 => Comprehensive cost including imputed rent and interest on owned land and capital A2 cost …

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sbi3

How to download home loan provisional interest certificate for State Bank of India ( SBI )

Provisional interest certificate are required for submit the Income Tax return at the end of every financial year. If you are employeed or a businessman with any kind of loan, you need to submit the proof of how much is the loan, how much is the principal you repayed and how much is the interest …

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