CORPORATE AND PROFESSIONAL UPDATE SERVICE TAX AMENDMENTS Clarification about the Rate of Service Tax The rate of Service Tax will continue at @12.36% until the new rate is notified. The… Read More
Service Tax changes applicable from 1.4.2015 Please ensure that Rate of Service tax has not changed – it will remain to be 12.36% and NOT 14%, until notification issued. A) Exemptions… Read More
I Approval to introduce the Negotiable Instruments (Amendment) Bill, 2015 in Parliament The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal to introduce the… Read More
Method of accounting - Estimation of profit -Net profit rate-Section 145 of the Income-tax Act, 1961 AO couldn't disallow direct exp. without rejecting books if assessee had shown profit… Read More
Sec. 54F relief available in entirety if investment exceeds sale proceeds, irrespective of usage of housing loan Section 54F read with section 263 of the Income-tax Act, 1961, Capital gains… Read More
Exemption of Capital gains - in case of investment in residential house Section 54F of the Income-tax Act, 1961 - Exemption of Capital gains - in case of investment in… Read More
CORPORATE SOCIAL RESPONSIBILITY (CSR) NORMS AS PER NEW INDIAN COMPANIES ACT 2013 Corporate Social Responsibility (CSR), a term widely use for defining the responsibilities of corporate world towards the society… Read More
IMPORTANT UPDATE ON INCOME TAX: NOTIFIED ITR-1, ITR-2 & ITR-4S FOR A. Y. 2015-16 AND CHANGES IN RULE 12 OF INCOME TAX RULES, 1962 RELATED TO CONDITIONS OF FILING OF ITR -… Read More
CLARIFICATION ON RATE OF SERVICE TAX - REGARDING 1. Doubts have been expressed in various forums regarding the proposed increase in the rate of service tax from 12.36% (including education… Read More
Whether collection of cheques during inspection by enforcement authorities (CT) is legal? In Commercial Taxes Department, the Assessment Wing and Enforcement Wing function under the control of the Commissioner of… Read More