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CARO 2015 & CARO 2003 - Comparision
Brief Comparison between CARO, 2003 & CARO, 2015 PARTICULARS CARO, 2015 CARO, 2003 REMARKS Effective ...

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Declared Services for the purpose of Levy of Service Tax
Service Tax is levied in India on almost all types of Services (except the Negative List of Services). However, there are certain activities which are...

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Provisions of Section 139(3) in case of Loss
The provisions of filing of income tax returns in case of Loss are governed by Section 139(3) of the Income Tax Act which states that in case a taxpay...

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Capital Gain Bonds by NHAI & REC
The Gains that arise on the sale of a Long Term Capital Asset are known as Long Term Capital Gains and Capital Gains Tax is levied on such gains. Howe...

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Service Tax Due Date
Due date for Payment of Service Tax & Interest on late Payment of Service Tax;   As per Rule 6 of the Service Tax Rules 1994, the due date ...

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Extension of Due date to 30th Nov. 2014 in Specified Cases
                                          &nb...

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Partnership v/s LLP v/s Private Co.
Broader View Features Sole Propietorsship Business General partnership LLP (Limited liability partnership) Private limi...

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Capital gains under Income Tax Act 1961
Any Income derived from a Capital asset movable or immovable is taxable under the head Capital Gains under Income Tax Act 1961. The Capital ...

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Capital Gains on Income From Sale of Agricultural Land
Sections relevant to the sale of lands Section 2(14)                    Definition of Capital A...

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RELATIVES ( For Exemption under GIFT)
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CREATION HUF (HINDU UNDIVIDED FAMILY)
CREATION OF HUF We might wonder that how a HUF is created. This very question arises in the mind of many. We have taken some effort to guide iin cr...

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Service Tax Registration Process
Documents required for Centralised service tax Registration    1) Form ST-1.    2) Copy of PAN card of firm    3) ...

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TRUST - Formation Process
Non-Government Organizations (NGOs), Not for Profit Organizations (NPOs) etc. are getting popular day by day. When everyone is interested in knowing a...

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TDS Rates Chart for F.Y. 2014-15 A.Y. 2015-16
TDS Rates Chart for F.Y. 2014-15 A.Y. 2015-16   Rates of TDS for F.Y. 2014-2015 or A.Y. 2015-16 are given below. TDS is to be deducted on ...

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Depreciation under The Companies Act, 2013
 Depreciation under the Companies Act, 2013;   I. Introduction: Companies Act, 2013 has brought a lot of challenges for a...

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Service Tax at a Glance
(A) Rates of Service Tax: Period Rate of Tax Remarks 01-07-1994 to 13-05-2003 5% - 14-05-2003 t...

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Service Tax- Point of Taxation for Works Contract
SERVICE TAX ON  WORKS CONTRACT AND REVERSE CHARGE. Works Contract w e f 01.07.2012     Works Contract has been defined ...

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Service Tax - Reverse Charge Mechanism & Table of Rates
Reverse Charge Mechanism and Abatement Rate Chart under Service tax We know that the rate of abatement and applicability of RCM (Reverse ...

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Service Tax - Circular
Clarification regarding issue of Discharge Certificate under VCES and availment of CENVAT credit - regarding Trade and Industry has sought cla...

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TDS on Salary u/s 192
TDS on Salary u/s 192 Any person responsible for paying income chargeable in the hands of recipient as ‘Salaries’ shall make TDS u...

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News & Events
26/04/2018
IPs facing disciplinary proceedings cannot take up assignments - IBBI
Discounts by Flipkart are not taxable - ITAT
25/04/2018
20 million e-way bills generated in 24 days - GSTN
PNB to hire detective agencies to locate untraceable borrowers
Levy on free services - Banks to ask government to recall tax demand
Cabinet may clear Ordinance to amend IBC
24/04/2018
FinMin to move to cash basis accounting for GST collection
Govt invites comments on long-term capital gains clause
E-way bill rollout on 25th April in four states and one union territory
23/04/2018
Issues regarding Bill To Ship To for e-Way Bill under CGST Rules, 2017
RBI circular barring banking service for crypto-currencies challenged in HC
22/04/2018
Aadhaar, PAN cards mandatory for opening bank accounts - RBI
Notification/Circulars
26/04/2018
IBBI debars a CA from practicing as Insolvency Professional for 90 days
24/04/2018
Pre-registration educational course under IBBI (IP) Regulations, 2016
21/04/2018
Master Direction - Know Your Customer (KYC) Direction, 2016
Format of Annual Compliance Certificate for Insolvency Professional Agencies
19/04/2018
Govt. notifies CGST (Fourth Amendment) Rules, 2018
18/04/2018
Notification seeks to make amendments (Fourth Amendment) to the CGST Rules, 2017.
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