Capital Gain Tax Simplified Chargeability u/s 45 Profits or gains arising from the transfer of a capital asset is chargeable to tax in the year in which transfer take place under the head “Capital Gains”. Definitions Transfer: Sec. 2(47): Transfer in relation to a capital asset includes sale, Exchange, or relinquishment of the asset or extinguishment […]
Clarification regarding Restaurant Service Services provided by specified Restaurant Service in other areas of the hotel are liable to service tax.Under Service Tax Act. Circular No.173/8/2013 – ST F.No.334/3/2013-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tax Research Unit North Block New Delhi, 7th October, 2013 To […]
CIRCULAR NO : 08 /2013 F.No. 275/192/2013-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ….. New Delhi, dated the 10th October, 2013 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2013-14 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961. Reference is invited to Circular No.08/2012 dated 05.10.2012 whereby […]
Service tax on Educational Services Service tax on Educational Services is now converted into Goods and services tax and the related topic must be seen in the concept of Goods and Service Tax. As, Education being one of the priority sectors of the Government of India has been kept outside the purview of service tax […]
DELHI VAT COMPLIANCE ACHIEVEMENT SCHEME, 2013 (DCS) HIGHLIGHTS Abbreviations used: (i) DSC (or) Scheme: Delhi Tax Compliance Achievement Scheme, 2013 (ii) DVAT Act: Delhi Value Added Tax Act, 2004 (iii) CST Act: Central Sales Tax Act, 1956 (iv) DST Act: Delhi Sales Tax Act, 1975 (v) WCT Act: Delhi Sales Tax on Works Contract Act, 1999 (vi) RTU Act: Delhi Sales Tax on Right to Use Goods Act, […]