luxury tax tamilnadu

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GST to help in reducing prices of various items


FM Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India For FDI India is most preferred destination in the world today Major indirect tax reform in the history of the country since independence i e Goods

Union Cabinet chaired by the PM approves the 4 GST related bills today


The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approves the four Goods and Services Tax GST related bills today The GST law will be the biggest reform in the area of Indirect Taxes in the history of independent India The Union Cabinet chaired by the Prime Minister Shri Narendra M

4.21 crore income tax returns Efiled this year


Number of e filed Income Tax Returns in Financial Year 2016 17 till 28 02 2017 was 4 21 Cr The total amount of refund issued in the current fiscal including refund arising out of rectification appeal effect etc is Rs 1 48 459 crore till 28 02 2017 The number of e filed Income Tax Returns in Financia

GST is expected to have positive effect on trade and consumers


Goods and Service Tax GST Bill The 122nd Constitution Amendment Bill 2014 has been passed by the Parliament and after ratification by fifty percent of the States the same has been enacted as 101st Constitution Amendment Act 2016 No Goods and Service Tax GST Bill has so far been passed The Central Go

Direct and indirect tax Collections shows a growth of 10.07% and 22.2% respectively upto Feb 2017


Net Indirect Tax collection upto February 2017 stood at Rs 7 72 lakh crore 22 2 more than the corresponding period last year Net Direct Tax collectionsupto February 2017 stood at Rs 6 17 lakh crore 10 7 more than the corresponding period last year Indirect Taxes The figures for indirect tax collecti

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Experts Opinions

Ca final indirect tax


Friends whether we can omit common topics if we do prepare excise custom and ser tax along with case law from bangar in good manner However I will prepare for case law in all aspects including common topic s Plz suggest if not whole then which selected part I should cover in common topics study

Excess service tax paid


Hi As per a contract total consultancy fees were inclusive of service tax but I mistakenly considered it as exclusive of service tax and paid excess service tax to the government for entire year Can I adjust that excess amount paid against service tax to be paid in this quarter Thanks in Advance

waiver of interest in service tax


hello i need a help on whether interest and penalty on service tax can be waived by department my client is commission agent and has exceeded 10lac limit during F Y 13 14 but didnot register for service tax and didnot pay it now department has issued a notice to pay tax please reply at earliest we a

Applicability of service tax on free of cost supplies (foc)


I had entered into the contracts with Subsidiaries of Coal India Limited CIL for Crushing of Coal by Hiring Mobile Crusher The Coal is supplied by CIL Subsidiaries we are only crushing the coal for which land is provided by Service Receiptent water electricity is also supplied free of cost which is

Advance tax by individual salaried person


Hello Sir Madam I am an individual salaried person with gross salary package around 9 Lac per annum TDS has been deducted by the employer However I have to pay the Income Tax of my interest income on FDs Short Term Capital Gain tax on sale of IPO shares etc So by which date I can be allowed to pay m

Discussion

Service tax applicability on retainership paid to ex employe

an employee of the company after retirement is apponted as consultant and paid monthly retainership he is also an authorised signatory for the company for signing cheques etc he is looking after the commercial function of the company ans is attending the office on full time basis service tax is appl

Income tax

My son has got PAN card However he is an NRI now and has not come to India since 2 years In case he sells his property and like to file return how to go about since AAdhar card is compulsorily for filing the return

Income tax

My son has got PAN card However he is an NRI now and has not come to India since 2 years In case he sells his property and like to file return how to go about since AAdhar card is compulsorily for filing the return

Stock details to income tax

WHO WANTS TO PROVIDE STOCK DETAILS TO INCOME TAX WHEN TO PROVIDE AND IF ANY FORMAT FOR THAT PLEASE SHARE IT TO ME

Service tax rate on event management services

i found in google that on the service of event management service is ST 10 of service valus 2 Edu Cess on service tax value 1 Higher Edu Cess on service value its totally different from 14 ST 0 5 SBC 0 5 KKC i need to know the the reason behind it

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GST Impact on last Service Tax Return ST-03


GST the dream of Central Government will finally come true as GST Council has granted approval to CGST IGST SGST UTGST and Compensation law and these laws have been approved by the cabinet So once again GST will become a matter of discussion for all industries However we should not forget that next


How to tackle CA IPCC Taxation?


Hello IPCCians Be not afraid of anything you will do marvellous work Have belief in yourself I will be sharing here how to face the subject and how to prepare for your exam First of all I would like to say that tax is a high scoring subject and you can get above 60 with a well prepared strategy I ha


Service tax under Reverse Charge Mechanism on Goods Transport Agency (GTA)


Goods Transport Agency GTA means any person who provides service in relation to transport of goods by road and issues consignment note by whatever name called Generally service tax is payable by the provider of Service However in Reverse Charge Mechanism Service Receiver is made liable to pay servic


Input Tax Credit under GST


In the Current Tax Regime Various conditions are applicable for availing input tax credit A brief overview is given below VAT As a VAT dealer you can avail credit of VAT paid on goods purchase in course of business for re sale or for manufacture of goods subject to some conditions Only purchase made


10 Common Mistakes People make when filing Income Tax Returns


The season of filing of tax return is here This year all those who have taxable income are required to file their return Also those with income above Rs five lakhs have to compulsorily e file their return It s very important to file error free Income Tax Return to avoid future problems Let s see the


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Updated on : 3/25/2017 7:01:10 PM


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