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40,000 declarations involving over Rs 5500 crores received under VCES till date

   30 December 2013 at 15:51

Press Statement of the Finance Secretary on VCES There has been an overwhelming response to the VCES . In the last four days, we have received over 16,000 applications involving Rs. 1500 crores of service tax dues. Upto 29-12-2013 we have received ov

Posted in Service Tax  9 comments |   27375 Views


Clarification with regard to holding of shares or exercising power in a fiduciary capacity - Holding and Subsidiary relationship under Section 2(87) of the Companies Act, 2013

   28 December 2013 at 11:46

Clarification with regard to holding of shares or exercising power in a fiduciary capacity - Holding and Subsidiary relationship under Section 2(87) of the Companies Act.2013 General Circular -20/2013Dated : 27th December 2013A

Posted in Corporate Law |   20700 Views


Offices Handling Service Tax Shall Remain Open on 28.12.2013 & 29.12.2013

   27 December 2013 at 17:50

In terms of Section 107(1) of the Finance Act, 2013, the last date for filing declaration under Voluntary Compliance Encouragement Scheme is on or before 31.12.2013. In order to enable trade & industry to file declarations well in time before 31.

Posted in Service Tax  6 comments |   20469 Views


CBDT revises list of docs to be enclosed with PAN request

   27 December 2013 at 12:37

GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXESNotificationNew Delhi, the 23rd day of December, 2013 S.O. 3794 (E)- In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961),

Posted in Income Tax  3 comments |   38895 Views


Comments invited on simplification of provision relating to distribution of input service

   24 December 2013 at 13:44

Comments/views/suggestions invited on simplification of provisions relating to distribution of input service credit by Input Service Distributor in CENVAT Credit Amendment Rules – Last date of submission is 27th December, 2013. The same may als

Posted in Excise  2 comments |   19089 Views


Achievements and Initiatives Taken by the CBDT Helping in Facilitating the Tax Payers, Improving the Efficiency and Equity of the Tax System and Promoting Voluntary Compliance

   23 December 2013 at 11:32

Following are the major highlights/achievements made by the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance over a period of time especially during the last one year : The Department of Revenue, Ministry of Finance,

Posted in Income Tax |   15945 Views


Net Direct Tax Collections During the Current Fiscal upto 20th december 2013 sTood at rs. 4,12,918 crore as Against rs. 3,63,338 crore in the Same Period Last Year

   23 December 2013 at 11:29

Net Direct Tax Collections During the Current Fiscal upto 20th december 2013 sTood at rs. 4,12,918 crore as Against rs. 3,63,338 crore in the Same Period Last Year; Showing a Growth of 13.7%; Advance Tax Collections upto December Quarter has been rs

Posted in Income Tax  5 comments |   18279 Views


Ministry of Finance regarding announcement of Tax Administration Reform Commission (TRAC)

   23 December 2013 at 11:28

Ministry of Finance regarding announcement of Tax Administration Reform Commission (TRAC)

Posted in Income Tax  1 comments |   18114 Views


Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961

   23 December 2013 at 11:26

RBI/2013-14/412DBOD. No.BP.BC.77/21.04.018/2013-14 December 20, 2013 The Chairmen and Managing Directors / Chief Executive Officers ofall Commercial Banks (excluding Regional Rural Banks) Dear Sir, Deferred Tax Liability on Special Reserve created un

Posted in Income Tax |   20280 Views


Issue of Intimation under section 143(1) of Income tax act, 1961

   19 December 2013 at 14:36

Issue of Intimation under section 143(1) of Income tax act, 1961

Posted in Income Tax  6 comments |   54720 Views



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