Venkkatesh K Uncategorized direct-tax, income-tax, India, Taxation 0
With the July 31 deadline for filing tax returns just a week away, the Income-Tax Department has launched two friendly initiatives – ‘Register for home visit’ and ‘Online tax help’ for the convenience of taxpayers who find the annual mandatory exercise an irksome procedure. Announcing the initiatives here on Tuesday, a Finance Ministry statement said […]
Venkkatesh K Uncategorized India, indirect-tax, Service Tax 0
Central Board of Excise and Customer (CBEC), on July 10, 2012, clarified that remittances of Foreign Currency from abroad would not attract Service Tax of 12% . The CBEC explained that in the Service Tax Negative List regime, ‘service’ has been defined in Clause (44) of Section 65B o the Finance Act, 1994, as amended, […]
Venkkatesh K Uncategorized India, indirect-tax, Service Tax 0
As per the new dispensation of Mr. Pranab Mukherjee, Union Finance Minister here on June 20, 2012 there new 14 Service Tax-Exempt Negative List is included with which the total will be mount up to 38. Apart there 119 Service Tax Positive list which will Tax Payable. Which are furnished below. Service Tax Positive List […]
Venkkatesh K Uncategorized India, indirect-tax, Service Tax 0
Here on June 20, 2012 Mr. Pranab Mukherjee, Union Finance Minister included 14 more services under Negative list to skip them from the Service Tax Positive List under the new dispensation (special permission, especially from a religious leader, to do sth that is not usually allowed or legal) that is slated to come into effect […]
Venkkatesh K Uncategorized direct-tax, income-tax, India, questions-and-answers, slab-rates, Taxation, TCS, TDS 3
TDS(Tax Deducted at Source) / TCS(Tax Collected at Source) rates in the Union Budget 2012-13 have been amended for the Financial Year 2012-13 as the thing is common for every year as the financial stability of the Taxpayer changes. TCS( Tax collection rate chart ) for financial year 2012-13 is also given here under. There […]
Venkkatesh K Uncategorized exempted-list, India, indirect-tax, Service Tax, Taxation 0
The Mr. Pranab Mukherjee, Finance Minister has amended Tax rates in the Finance Budget 2012 – 2013, as in the same way he as increased the Service Tax rate with 2% w.e.f March 1st, 2012. So, the people will have to bear extra service charge as they are accustomed to the services in today’s life […]
Venkkatesh K Uncategorized direct-tax, income-tax, India, questions-and-answers, slab-rates, Taxation 2
For the Assessment year 2012-13, Finance Minister Pranab Mukarjee has released income tax slab rates here in New Delhi, on March 16 2012. Every tax payer in India is set to gain at least Rs.2,000 p.a., thanks to the relief proposed by Finance Minister. In his seventh national budget presented in the Lok Sabha Friday, […]
Venkkatesh K Uncategorized andhra-pradesh, commercial-tax, India, indirect-tax, sales-tax, Taxation, VAT 0
The State Government of Andhra Pradesh increases the VAT (Value Added Tax), rates from Four to Five Percent(%) on various goods about 3,000 under food grains, textiles, garments and all industrial inputs, which lead the price hike on the same in the reign of Mr. Kiran Kumar Reddy, CM on his birthday by releasing a […]