Chartered accountant in chennai
Investment in Real estates is considered and preferred by many investors in view of the fact that the real estate transactions give a higher rate of return and the real estate investments are considered as an hedge against the Inflation. The past experience in the economy has also proved the same. Also, the real estate […]
UNDERVALUED REAL ESTATE TRANSACTIONS – A DOUBLE EDGED SWORD Read More »
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 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 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 »
RAJIV GANDHI EQUITY SAVINGS SCHEME 2012 The Hon’ble Finance during the presentation of his budget 2012 proposals, had indicated that a new scheme of tax saving investment in Equity shares will be notified for new investors to enable them to claim deduction from their total income in respect of investment in equity shares made by
All about Rajiv Gandhi Equity Savings Scheme 2012 Read More »
Have you filed your Income-tax return online for the A.Y.2010-11 (or) A.Y.2011-12 and either failed to send the signed ITR-V or not received the acknowledgment for sending the ITR-V , from the Income-tax Department ? Here is another last chance for you to regularise your return of income filed. The CBDT vide Notification No 1/2012
Extension of time limit for filing ITR-V forms for A.Y.2010-11 & A.Y.2011-12 Read More »
The Income-tax Department has released a new circular No 8/2012 [F No 275/192/2012-IT(B)] dtd 05/10/2012 containing the various details and particulars & procedures with regard to deduction of tax at source in respect of payments by way of salaries during the year 2012-13. The circular can be downloaded from the link below :- [wpdm_file id=23]
New Income-tax Circular on TDS on Salaries for the year 2012-13 Read More »
The TNVAT Department has issued a circular No 09_2012 dtd dtd 14.09.2012 regarding the applicability of the VAT Audit in respect of assessees having turnover exceeding Rs. 1 Crore. As per the above circular, the VAT Audit will be applicable for the year 2011-12 and accordingly , VAT audit report has to be submitted by
Clarification on TNVAT Audit applicability Read More »
The Government of Tamilnadu has notified through publication in the official gazette, certain changes in Monthly returns to enable generation of Form C & Form F online through TNVAT portal. The relevant notification is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/08/gn232_100812-1.pdf”]
Change in TNVAT Monthly return Read More »
The Income-tax Department has enabled the Income-tax efiling in ITR 5 in respect of Firms, AOP’s & BOIs. The excel utility for filing e return in ITR 5 has also been published. Click here to download the excel utility. Source :- www.incometaxindiaefiling.gov.in
ITR 5 – E filing enabled ! Read More »
The Central Board of Excise and Customs has released a handbook on “Taxation of Services” under the new Service Tax regime. This hand book covers the entire provisions and important notifications with regard to new Service tax provisions under “Negative List” approach of taxation of services. For the benefit of our readers, we provide below
Taxation of Services – An Educational Guide Read More »
The service tax department has issued new circular spefifying new accounting codes under the Negative List approach to taxation of services. As per this circular, the Accounting Codes to be used for payment of service tax under Negative List approach, w.e.f 1st July 2012 has been specified. The relevant circular is reproduced below :- [gview
PAN Card is not only a document used for Income-tax purposes. It is also used as an Identity Proof for many transactions apart from being required by many statutes as a base document. Many people due to their bad luck lose their PAN Card (or) some times have their PAN Cards in a damaged condition.
Are all PAN Card holders required to file their return of income? This is the question raised by many persons who possess PAN Card. We need to understand the requirement of PAN Card first before answering this query. Who are mandatorily required to obtain PAN ? Section 139A of the Income-tax Act provides that the
Is it mandatory to file returns if you have a PAN Card ? Read More »
The Due dates for filing Income-tax returns for the year 2011-12 (A.Y.2012-13) is as follows :- 31st July 2012 – Salaried Employees , Assessees with Rental & Interest Income only, Business with less than 60 Lakhs turnover. 30th September 2012 – All Corporate assessees and Business Assessees who are subject to Audit Click here to
Due Date for filing Returns for the year 2011-12 (A Y 2012-13) Read More »
