Month: November 2013

Service Tax on Real Estate Transactions

APPLICABILITY:
Today, there is Service tax implication on almost every sector, and real estate is no exception. With the introduction of the negative list concept since July, 2012, the scope of applicability of Service tax

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Income of Trusts

In India there are many religious/charitable trusts for e.g. temples, Ashram, Gurudwaras, hospitals, educational, etc. propagating and working for social and charitable activities. What about their financial and taxing matters?
These trusts have to follow

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Tax Exemption on Leave Travel Allowance

We looked at the conditions governing tax exemption on leave travel allowance (LTA). In this post we will look at the calculation of the tax exemption amount. The exemption is available only on travel expenses

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Service Tax on Export of Services

The first notification relating to export can be traced back to Notification No.2/99 dated 28-02-1999 which means that since July 1, 1994 up to 28-02-1999 the concept of ‘export of service’ was absent and consequently

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Service Tax on Builders and Developers

1 Real Estate & Service Tax
1.1  Definition of term Service – Section 65B(44)
 Section 65B (44) defines service as – “service” means any activity carried out by a person for another for consideration, and includes a declared service, but shall not include—
 (a) an activity

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CA Articleship

Such is the importance of Articleship. It’s just like another water body. Unless a IPCC qualified student throws her/himself into this water body, how s/he can dream of becoming a CA – I mean a

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