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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
20/09/2017
FM asks biz not to wait till last day to file GST returns
Notification regarding GST rate for branded cereal, pulses and flour
Tax audit assessees including Companies may face additional tax compliance burden
Fast-track GST refund, else Rs 65K cr may be stuck - Exporters
19/09/2017
Voluntary Reporting of Estimated Current Income and Advance Tax Liability
CBEC tells field officers to take GST disputes to Supreme Court
List Of Disqualified Directors U/S 164 (2)(A) - MCA
Big 4 accounting firms on IBA's list of forensic auditors
Only 6.9 lakh taxpayers filed GST returns
160 companies to get notices on transitional GST credits
18/09/2017
Income Tax department goes after defunct companies for tax frauds
17/09/2017
Check Online ICAI Membership Fees Payment Status
GoM admits to glitches in network delaying GST filings
GST Composition Scheme registration open till Sept. 30
16/09/2017
GST transitional claims of over Rs 1 crore to be scrutinised
GoM set up to look into technical issues of GST Network to hold its first meeting in Bengaluru today
Notification/Circulars
21/09/2017
Lending to non-corporate farmers – System wide average of last three years
Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives
19/09/2017
Extension of time limit for submitting the declaration in FORM GST TRAN-1
16/09/2017
Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
GST Registration exemption to casual taxable person supplying handicraft goods
CBEC Notifies section 51 of the CGST Act, 2017 for TDS
CBEC notifies rules for filing Revised GST TRAN-1
Due date for Payment of GST & file Form GSTR 3B for Aug-Dec 2017 notified
13/09/2017
CBEC notifies revised rates of compensation cess on various motor vehicles
Revised Time limit to file GSTR-6 by Input Service Distributor notified - CBEC
CBEC Notification extending time limit for filing of GSTR-1, 2, 3
GST on Charitable and Religious Trusts
08/09/2017
Reimbursement of Merchant Discount Rate (MDR) Charges for Government transactions up to Rs.1 lakh through debit cards
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