Service tax issue on Freight Forwarder on Transportation of Goods from India to abroad

Service tax issue on Freight Forwarder on Transportation of Goods from India to abroad The CBSE issued Circular No 197/7/2016-Service tax dated August 12, 2016, for Clarification of various doubts about “Service Tax Liability of Freight Forwarders collecting “Freight”, for shipments goving to place outside India from any port of india”.

GST When and How ?

GST When and How ? The much awaited 122nd Constitutional Amendment Bill for implementation of Goods and Service-tax (the Constitutional Amendment Bill) has been passed by the Rajya Sabha on 3rd August 2016. Rightly so, 3rd August 2016 is the historic day in Indian taxation system, as on this day all multiple Indirect tax levies […]

How Can we convert LLP into PRIVATE LIMITED?

How Can we convert LLP into PRIVATE LIMITED? LLP, The recognized form of business organization was introduced in India by way of Limited Liability Partnership Act, 2008 and LLP Rules, 2009. A limited liability partnership (LLP) is a partnership in which all partners have limited liabilities. LLP is an alternative corporate form of business organization […]

Sources of tax deduction can be claim while calculation of total income

Sources of tax deduction can be claim while calculation of total income Tax deductions are the claims made to reduce your actual taxable income. It arises essentially from diverse investments and fees incurred with the aid of the taxpayer. It relies upon to your investments that how a whole lot quantity of tax you may […]