Significant Changes in processing of Quarterly TDS Statements It is glad to update you with a significant changes in processing of Quarterly TDS Statements by Centralized Processing Cell (TDS) for providing its better services.These changes was done to avoid defaults that may be arise due to inadvertent data entry errors.on the basis of feedbacks received […]
What about education cess on clearing of goods fully exempt from Customs duty ? When goods are fully exempted from Customs duty or are cleared without payment of Customs duty,Education cess under the Customs would not be levied.Commissioner of Customs, Tuticorin Vs. DCW Limited [2014 (12) TMI 728 – Madras High Court]
Hindu Undivided Family (HUF)-Creation and Treatment Hindu Undivided Family (HUF) is treated as a separate entity for the purpose of assessment under the income tax Act and Wealth tax Act. HUF is automatically created after marriage as soon as child is born it is not arise through law or contract, it consist of father, sons, […]
Employee’s Provident Fund Scheme-One should opt or not! Any Employee whole join his/her first job and employer ask him to join EPF Scheme, She/he First though that enter in this scheme will cut off his in hand salary and it is not good because less salary will effect on his monthly expenditures. And they argue […]
Service tax should be refunded if paid but not considered as payable When Service tax paid by the assessee but considered as not payable and treat as deposit should be refunded accordingly In the case of Roshan R Jaiswal (Appellant) Vs. Commissioner of Central Excise, Nagpur [2014-TIOL-2308-CESTAT-MUM] The Appellant is a distributor for Bharat sanchar nigam limited […]