News Update

Filing of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesIsrael-Iran War: A close shave for Global Economy but for how long?I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
India records 8.8 lakh Foreign Tourist Arrivals in Oct, 2017

By TIOL News Service

NEW DELHI, NOV 13, 2017: THE number of Foreign Tourist Arrivals (FTAs) in October, 2017 was 8.76 lakh as compared to FTAs of 7.42 lakh in October, 2016 and 6.83 lakh in October, 2015.

++ FTAs during the period January- October 2017 were 79.96 lakh with a growth of 15.8% over same period of the previous year, compared to FTAs of 69.05 lakh with a growth of 9.6% in January- October, 2016 over January- October, 2015.

++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during October,  2017 among the top 15 source countries was highest from Bangladesh (21.66%) followed by USA (11.57%), UK (10.23%), Sri Lanka (3.79%), Canada (3.36%), Germany (3.17%), Australia (3.07%), France (2.81%), Russian Fed. (2.81%), Malaysia (2.76%), Japan (2.44%), Thailand (2.10%), China (1.93%), Nepal (1.66%) and Rep. of Korea (1.48%).

++ The percentage share of Foreign Tourist Arrivals (FTAs) in India during October 2017 among the top 15 ports was highest at Delhi Airport (32.56%) followed by Mumbai Airport (14.02%), Haridaspur Land Check Post (11.29%), Chennai Airport (6.10%), Bengaluru Airport (5.19%), Kolkata Airport (4.55%), Gede Rail Land Check Post (3.02%), Cochin Airport (2.70%), Dabolim (Goa) Airport, (2.58%), Hyderabad Airport (2.53%), Sonauli Land Check Post   (1.86%), Ahmadabad Airport (1.77%), Ghojadanga Land Check Post (1.64%), Amritsar Airport (1.53%) and Trivandrum Airport (1.20%).

Foreign Tourist Arrivals (FTAs) on e-Tourist Visa

++ During the month of October, 2017, a total of 1.76 lakh foreign tourists arrived on  e-Tourist Visa as compared to 1.05 lakh during the month of October, 2016 registering a growth of 67.3%.

++ During January- October 2017, a total of 12.43 lakh foreign tourists arrived on e-Tourist Visa as compared to 7.81 lakh during January- October 2016, registering a growth of 59.2%.

++ The percentage share of top 15 source countries availing e- Tourist Visa facilities during  October, 2017 was as follows:

UK (18.2%), USA (9.7%), France (6.3%), Germany (6.0%), Australia (4.3%), Russian Federation (4.1%), Canada (3.9%), Thailand (3.7%), China (3.7%), Korea (Rep.of) (2.6%), Spain (2.3%), Oman (2.2%), Italy (2.2%), Netherlands (1.9%) and Malaysia (1.6%).

++ The percentage share of top 15 ports in foreign tourist arrivals on e-Tourist Visa during October 2017 was as follows:

New Delhi Airport (53.0%), Mumbai Airport (16.6%), Bengaluru Airport (5.5%), Chennai Airport (5.3%), Dabolim (Goa) Airport (4.5%), Kochi Airport (3.5%), Kolkata Airport (2.5%), Hyderabad Airport (2.4%), Amritsar Airport (2.0%), Trivandrum Airport (1.1%), Ahmadabad Airport (1.0%), Jaipur Airport (0.7%), Gaya Airport (0.6%), Calicut Airport (0.4%) and Tirchy Airport (0.4%).


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.