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Draft Guiding Principles for Determination of Place of Effective Management (Poem) of a Company Formulated


The Finance Act 2015 has amended with effect from 01 04 2016 the provisions of Income tax Act relating to determination of residence of a company In accordance with the amended provisions a company wo

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Main reasons for rejection of service tax return


This is to inform you that some returns got rejected after uploading of the XML file for the ST3 return period 2015 2016 Apr Sep mainly due to the following reasons 1 Incorrect selection of return typ

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Now quote PAN if cash payment is made above 2 lac


The Government is committed to curbing the circulation of black money and widening of tax base To collect information of certain types of transactions from third parties in a non intrusive manner the

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Last date for advance tax payment postponed in flood effected stated


Last Date for December 2015 installment of Advance Tax for taxpayers in Tamil Nadu and Puducherry extended till 31st December 2015 The last date of payment of December 2015 installment of Advance Tax

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Significant decisions taken in last few months by CBDT for improving taxpayer services


CBDT takes various significant decisions in last three months for providing better taxpayer services improving ease of doing business and reducing the burden of compliance on the tax payer The Central

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Experts Opinions

Corporate tax rate


What is the corporate tax rate education cess and surcharge in India for following assessment years 1991 92 1992 93 1993 94 1994 95 1995 96 1996 97 1997 98 1998 99 1999 00 2000 01 2001 02 2002 03 2003

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Can service tax be charged on vat amount


I am having an issue regarding a contractor bill Contractor is a civil contractor and he has charged service tax on Basic Vat amount Please suggest me if it is correct and also let me know with any no

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Income tax on credit card


I have a credit card and my credit card is used by my friends relatives and colleagues to do purchases which makes my spending for more then 2 lakhs and I don t have that much income They return me th

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Taxable income


Dear Expert Is contribution received by trust from trustees is a taxable income in the hands of Trust and eligible for Deduction under section 11 and 12

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Professional tax


What is Professional tax and How it is calculated

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Discussion

Service tax limits

Who will be responsible after billing of above10 lakhs limits without service tax Service providor or service receiver from a consultant deducting tds 10 kindly clarify Thanks

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Taxation of conversion of private limited company into llp

Our client islooking forward for converting private limited company into LLP Since the companydoes not satisfy conditions for claiming exemption u s 47 xiiib capital gain tax will be levied on convers

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Vat audit applicability in gujarat

A GVAT registered dealer has only job work sales turnover of Rs 1 50 crores and purchase of Rs 1 30 crores including taxable purchase Assessee has filed its vat returns without claiming any input tax

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Tax implications on overseas expenses

I HAVE TO PAY COMMISSION AND FEW OTHER EXPENSES TO A OVERSEAS COMPANY FOR OBTAINING BUSINESS IN USA WHAT ARE THE TAX IMPLICATIONS IF I PAY THIS FROM MY EFC A C WE ARE A BPO WITH US CLIENTS

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Service tax query

is cenvat credit taken on actual payment basis or invoice basis is RCM applicable for making office furniture taken from an individual

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File Download

  • Karnataka VAT Commodity Code

    KARNATKA VAT COMMODITY CODE

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  • Numerology Calculation

    You can check your Numerological Value easily This can be used for finding names for Kids Individuals Companies etc For any assistance query please contact Sabu v Joseph 9349973685 sabuvjosephpkd gmail com

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  • Handbook on IDT - May 2016

    Self Study Guide to Indirect Taxes for CA Final May 2016 attempt

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  • Is caste based reservation justified?

    IS CASTE BASED RESERVATIONS JUSTIFIED

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  • One House For One Family

    This is an article to make a Policy of One House For One Family to provide the Housing To all the Citizen of India and to divert private investment from idle unproductive unemployment oriented sector of Land and Residential House property to Infrastructure sector Capital Market share security and Money Market

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Articles

POEM - Redefining taxation of foreign arms managed from India


POEM is the buzzword of corporates having subsidiaries outside India and foreign firms outsourcing high end critical functons to India This concept is introduced to tax in India income which has been


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Taxes on Petroleum Products: A convenient cash cow


Petroleum under GST regime The Constitutional Amendment Bill on Goods Services Tax GST recently cleared by the Cabinet provides that petroleum petroleum products viz petroleum crude high speed diesel


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Depreciation allowance under section 32 of the Income Tax Act, 1961


Depreciation is an allowance on capital assets acquired and put to use and not an expenditure unlike repairs to machinery plant or furniture It need not be incurred by the assessee during the previous


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Discussion on Value Added Tax, Karnataka


Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT Haryana was the only State to introduce VAT w e f 1 4 2003 About 21 States have introduced VAT though


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Eligibility of Cenvat credit on Catering services


The definition of input service under Cenvat Credit Rules 2004 has been amended drastically w e f April 2011 and because of such amendments majority of interpretations and settled positions have taken


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Updated on : 12/25/2015 6:20:12 AM


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