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. March 1, 2015 itself, i.e. date of notifications. The aggregators were till now not specifically covered under the Service Tax […]
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 of provisions, the various changes can be categorized as follows:
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 must be distinguished from the exemptions provides in Section 10 of the Act. While the former are to be reduced from […]
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, TDS at the rate of 10 per cent would be deducted by the bank.
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 issued calling for information, documents, and evidences and sometimes for personal appearance as well.
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 – a service provider and a service receiver. The term ‘person’ is defined in clause 37 of section 65B of […]
Section 143 of Companies Act, 2013 SEC 143(1) :This section provides that the auditor of the company shall have the right to have access at all the times to the books of accounts and vouchers of the company , whether kept at the registered place or at some other places as inform by the company. […]