Popular Articles

Cenvat credit on Construction can be used for ST on Renting

Bimal Jain 27 April 2013 at 11:36

Excise paid on Inputs and ST on Input services used in construction can be utilized for discharging ST liability on renting of immovable property The Honble Tribunal in the case of Oberoi Mall Ltd. Vs. Commissioner of Service Tax [2013-TIOL-

Foreign Bank Accounting Terms

CA Bhavin Shah 13 November 2014 at 10:21

FOREIGN BANK ACCOUNTING TERMSNostro, Vostro and Loro are Italian terms. These are the most commonly used terms in Forex Markets. For dealing in forex market, Indian Branch should have a current account with the foreign branch dealing in respective cu

Notice from Income Tax Department

CA. Brijesh Baranwal 10 March 2014 at 12:42

One of the biggest worries of income tax payers is getting notice from Income Tax Department. The Department issues notices under various provisions of Income Tax Act. The purpose of the same is to ensure greater tax

GST Impact on Construction and Real Estate contracts

Shivashish 19 April 2017 at 11:23

GST - Impact on Construction/Real Estate contracts with Examples

Analysis of Service tax rate increase from 12.36% to 14%

CA Chitresh Gupta 21 May 2015 at 11:51

ANALYSIS OF SERVICE TAX RATE INCREASE FROM 12.36% TO 14% (SUBSUMING EC ANDSHEC) EFFECTIVE FROM 01.06.2015By CA. Chitresh Gupta, B.Com(H), FCA, IFRS (Certified), IDT (Certified)Author of Book �An Insight Into Goods & Service Tax�Managi

FAQ on GTA - Goods Transport Agency

@VaibhavJ 26 February 2013 at 11:25

FAQ on GTA - Goods Transport Agency QUE. What is the effective date of levy? ANS. 01-01-2005 QUE. Any goods based exemption? ANS. Transportation of fruits, vegetables, eggs and milk, pulses and cereals (33/2004) QUE. Any value based exemption? AN

Income Tax Department Tightens Scrutiny Against False Deductions and Exemptions for Salaried Individuals

Rashmi 24 July 2023 at 08:52

Salaried individuals are being warned to be cautious while filing their Income Tax Returns (ITRs) this year. The Income Tax Department has increased its scrutiny and is seeking documentary evidence against bogus deductions and exemptions claimed by some taxpayers.