A Bird View on Excise Duty on Job Works

A Bird View on Excise Duty on Job Works Under Provisions of Exemption to Excise Duty on Job Works under Notification No.214/86 assessee engaged in manufacturer on job work basis, he has to pay duty on material cost plus job charged. However, if a product covered under MRP provision is manufactured on job work basis, […]

Interest u/s 234A, 234B, 234C on income tax payable

Interest u/s 234A, 234B, 234C on income tax payable Failing in discipline of filing income tax return will be liable to you file additional penalties on the amount due. However, there are many of the issues that can result in failure of tax deposits. These issues can be related to individuals or companies. For companies, […]

At different stages of life its necessary to do in this way

At different stages of life its necessary to do in this way Our main aim in tax planning is to pay minimum taxes by abiding with the legal statute and maximizing return on our investments by investing on the correct instruments at the correct time of our life.I endeavor herein below in brief some of […]

Importers issuing Cenvatable invoices require registration under Central Excise

Importers issuing Cenvatable invoices require registration under Central Excise Rule 9 of the Central Excise Rules, 2002 (the Excise Rules) provides the list of persons who are required to obtain registration under the Central Excise Act, 1944 (the Excise Act). Notification No. 17/ 2013-Central Excise (N.T.) dated December 31, 2013 (Notification No. 17) has proposed […]

Investments qualifies u/s. 80C of income tax Act,1961

Investments qualifies u/s. 80C of income tax Act,1961 Under this section you can save Tax by investing a maximum of Rs 1.50 lakh. You can choose the various investment options or one which is suitable as per your future needs under this section of 80c of income tax act,1961.we will discuss one to one here under:-