Month: March 2015

SERVICE TAX ON AGGREGATOR’S SERVICES

Effective date of applicability
 The effective date for levy of Service Tax on Aggregator’s services shall be 1st March 2015. The amendments in Service Tax Rules 1994 and Notification No. 30/2012-ST have been made w.e.f.

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Service tax amendments Applicable w.e.f.1st APRIL 2015

Service Tax amendments applicable w.e.f.from 1st April,2015
The Finance Bill, 2015 has proposed lot of changes in Service tax provisions. These changes will be coming into effect on various dates. Based on date of applicability

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Income Tax Deductions for salaried person- A.Y. 2014-15 and 2015-16

Income Tax Deductions for salaried person
The Income Tax Act 1961 provides that after determination of gross total income of an assessee, certain deductions there from may be allowed. These deductions detailed in chapter VIA of the said Act which

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Recurring Deposits is now attract TDS

Recurring Deposits is now attract TDS
In Union Budget 2015 Finance Minister proposes to bring RD (Recurring Deposits) under the provisions of TDS. After applicability if interest earned on recurring deposits exceeds Rs. 10,000 during the year,

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Calling Un-Necessary Documents & Evidences is Wastage of Time of Assessing Officer

Calling unnecessary documents in Scrutiny assessments
During scrutiny assessment the A.O waste not only his assessee time but also other parties with whom his assessee had entered into transactions. For verification purpose , notices are

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SCOPE AND RELEVANCE OF ‘GOVERNMENT’ IN SERVICE TAX

SCOPE AND RELEVANCE OF ‘GOVERNMENT’ IN SERVICE TAX
As we all know, Service Tax is levied when an activity is carried out by one person for another for a consideration i.e., two persons are involved

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