Service Tax on Real Estate Transactions APPLICABILITY: Service tax on real estate transactions implication on almost every sector, and real estate is no exception. With the introduction of the negative list concept since July, 2012, the scope of applicability of Service tax has increased manifold . A summarized analysis is contained herein providing guidance on […]
Income of Trusts In India there are many religious/charitable trusts for e.g. temples, Ashram, Gurudwaras, hospitals, educational, etc. propagating and working for social and charitable activities. What about their financial and taxing matters? These trusts have to follow many regulations. Mainly they have to follow the rules of Bombay Public Trust Act (For Maharashtra State), […]
Service Tax on Export of Services The first notification relating to export can be traced back to Notification No.2/99 dated 28-02-1999 which means that since July 1, 1994 up to 28-02-1999 the concept of Export of Services was absent and consequently earnings in foreign exchange suffered service tax in contrast to the exporters of goods […]
Service Tax on Builders and Developers 1 Real Estate & Service Tax(Service Tax on Builders and Developers) 1.1 Definition of term Service – Section 65B(44) Section 65B (44) defines service as – “service” means any activity carried out by a person for another for consideration, and includes a declared service, but shall not include—
CA Articleship Such is the importance of CA Articleship. It’s just like another water body. Unless a IPCC qualified student throws her/himself into this water body, how s/he can dream of becoming a CA – I mean a good, knowledgeable and updated CA and not merely another Certified CA by ICAI. As everyone having a […]