Month: October 2013

Service Tax on Restaurants and Hotels

SERVICE TAX ON RESTAURANTS AND HOTELS – LEGISLATIVE COMPETENCE
 The Finance Act,2011 has  inserted sub clause (zzzzv) and (zzzzw) to section 65(105)  of the Finance Act,1994 thereby imposed service tax on restaurant services and  short

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The 7 Laws of Clearing CA Exams

First thing first. I am overwhelmed with the kind of response my previous article The 7 Laws of clearing CA Exam’ got. Almost 10,000 view and more than 100 comments. Wow! Thank you friends for

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Capital Gain Tax Simplified

Chargeability u/s 45
 Profits or gains arising from the transfer of a capital asset is chargeable to tax in the year in which transfer take place under the head “Capital Gains”.
 Definitions
 Transfer: Sec. 2(47): Transfer

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Clarification regarding Restaurant Service

Clarification regarding Restaurant Service
Circular No.173/8/2013 – ST
F.No.334/3/2013-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Tax Research Unit
North Block
New Delhi, 7th October, 2013
 To
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Income-tax deduction from Salaries during the Financial Year 2013-14 under section 192 of the Income-tax act. 1961

CIRCULAR NO : 08 /2013
F.No. 275/192/2013-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
…..
New Delhi, dated the 10th October, 2013
 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE

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No Recovery if applied for payment of ST Under VCES, 2013

Dear Professional Colleague,
No Recovery proceedings if applied for payment of defaulted Service Tax under VCES, 2013  
The Service Tax Voluntary Compliance Encouragement Scheme, 2013 (“VCES, 2013

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