The Central Government has issued a Notification No 10/2013 – Service Tax dtd 13 th May 2013 prescribing the rules for the Service Tax Voluntary Compliance Encouragement Scheme 2013. The Salient features of these forms are :- 1) It shall come into force on the date of its publication in the Gazette of India. 2) […]
Service Tax Voluntary Compliance Encouragement Scheme 2013 forms notified. Read More »
The Income-tax Department has issued a new Notification No 34/2013 dtd 01/05/2013. As per this notification, 1) Every assessee whose Total Income is exceeding Rs. 5 Lakhs shall necessary e-file his/her return of Income from the A.Y.2013-14 onwards. 2) The reports under sections 44AB (Tax Audit), 92E (Transfer Pricing) & 115JB (Minimum Alternative Tax) shall
The following are the Various Statutory Obligations for the month of May 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of April 2013 is 5th of May 2013. In case of e-payment, the due date is 6th of May 2013. In case of payment by Challan
Statutory Obligations for the month of May 2013 Read More »
The Service Tax Department has extended the last date for filing the Half yearly returns for the period from Oct’12-Mar’13. The original due date of 25th of April has been extended upto 31st of August 2013. The Service Tax department has also announced that the return preparation utility for the above period will also be
Due date for Oct 2012 – Mar 2013 Service Tax returns extended !!! Read More »
The Central Board of Excise & Customs vide its order No :- 1/2013-Service Tax dtd 06th March 2013 has extended the due date for filing the Service Tax returns for the period from July 2012 – Sep 2012. As per the earlier order, the due date was 25th March 2013. Now , this time limit
Due Date for Service Tax Returns (for July-Sep 2012) Extended Read More »
BUDGET 2013 – IMPORTANT TAX PROPOSALS (Financial Year 2013 -14) DIRECT TAX PROPOSALS v Tax Slab Rates: ü Individuals: Tax Rates for the Individuals will remain the same as per last Financial Year 2012-13, which is as follows :- Tax Rates for all the Individual Assessee below 60 years of age
Budget 2013 – Tax Proposals Read More »
The following are the Various Statutory Obligations for the month of December 2012. Payment of Advance Tax The last date for Payment of Advance Tax (3rd Instalment in case of Companies & 2nd Instalment in case of Non Companies) for the A.Y.2013-14 is 15th December 2012. Click here to make Advance Tax Payment online. Click here to download Challan for
Statutory Obligations for the month of December 2012 Read More »
The Central Board of Excise & Customs vide its Order No 3/2012 dtd 15th October 2012 has extended the due date for filing the return for the period from 1st April 2012 to 30th June 2012, from 25th October to 25th November 2012. Earlier , by notification No 47/2012 dtd 28th September 2012, the period
Due date for filing Service Tax returns Extended !!! Read More »
CBDT has notified the Cost Inflation Index for the F.Y.2012-13 (A.Y.2013-14) as 852
CBDT Notifies Cost Inflation Index for F.Y.2012-13 Read More »
Introduction : Sweat Equity Share means equity shares issued by the company to employees or Directors at a discount, or for consideration other than cash for providing knowhow or making available rights in the nature of intellectual property rights or value additions by whatever name called. Sweat Equity shares in India : Generally at the
Sweat Equity Shares Read More »
[gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/06/tds-rates-12_13.xls”] Click here to download the above in an Excel Sheet [wpdm_file id=17]
Rates of TDS for the year 2012-13 (A.Y.2013-14) – Non Salary Read More »
VAT Input Credit is not available for all types of purchases, there are certain purchases which are in eligible for Input Tax credit Claim. The Eligible and Ineligible Purchases for the purpose of Input Tax Credit are given below :- Eligible Purchases: Purchases made: è For sale/resale within the state è For interstate sale (Sale
Eligible & Ineligible Purchases for VAT Input Tax Credit Read More »
Most of the VAT legislations in India do not allow the set off of CST Paid against their output tax. But at the same time, these legislations allow set off of Input Tax credit against the CST due. As a common man, a question may arise why this is not allowed vice-versa. The reason is
Logic behind allowing VAT Credit against payment of CST and not allowing credit of CST. Read More »
The Finance Minister Mr. Pranab Mukherjee released the “Whitepaper on Blackmoney” in India. This White paper presents the different facets of black money and its complex relationship with policy and administrative regime in the Country.It also contains the options, strategies of the Government to tackle the same. It also lists out the need to address
Whitepaper on Blackmoney released Read More »
Dear Readers, we are glad to inform you that our blog is now available as an Application in Nokia Apps. The link for the same is http://store.ovi.com/content/271781 You can download the application in your Nokia Phone by visiting the above link in your phone browser and you will be updated as and when the blog is
Our Blog is available on Nokia Apps now. Read More »
