ITR is one of the document which should be filed by the person with due attention . It should be errorless,signed and verified by the person authorized to do so under the provisions of the Income-tax Act. The following are the important points.
Vide Notification No 12/2014-ST dated 11.7.2014, rate of interest to be charged on delayed payment of service tax has been enhanced w.e.f. 1.10.2014, based on period of delay. Thus, longer the delay period , higher would be the rate of interest payable. Accordingly, the rate of interest shall be as under :
Government of India, Ministry of Finance, Department of revenue, Tax Research Unit
D.O.F. No. 334/15/2014-TRU, Dated July 10, 2014.
Sub.: Union Budget, 2014-15: Changes in Service Tax – reg.
The hon‟ble Finance Minister has, while presenting the Union Budget 2014-15, introduced the Finance (No.2) Bill, 2014 [hereinafter, the Bill] in the Lok Sabha on the