Nov 30, 2015

New Rational Provision of TDS and TCS

Under Chapter XVII-B of the Income-tax Act, a person is required to deduct tax on certain specified payments at the specified rate if the ...

Due Date of Filing Forms MGT-7 and AOC-4 extended for one month

Relaxation of addiuonal fees and extension of last date of in filing of forms MGT-7 (Annual Return) and AOc-4 (Financial Statement) under ...

Nov 27, 2015

CBDT signed new 11 Advance Pricing Agreements

It has been the endevour of the Government to foster an environment of co-operation in matters of taxation through predictability of laws ...

Service tax leviability on Seed Testing

Service tax department issued a circular no. 189/2015 dated 26 November 2015 about leviability of service tax on seed testing with effect ...

Nov 25, 2015

Issue date of Gold Bonds in postponed to 30 November 2015

Reserve bank of India postponed date of issue of gold bonds to 30 November 2015. The applicant will receive interest as per saving bank ac...

Nov 23, 2015

New MGT 7 form with clarifications notified

MCA issued a notification of new MGT 7 form with more clarification of this annual return form for companies. Full notification is as unde...

Nov 21, 2015

Income tax new plans of deduction under income tax act

The Finance Minister in his Budget Speech, 2015 has indicated that the rate of corporate tax will be reduced from 30% to 25% over the next...

Nov 20, 2015

10 points to know about Seventh pay scale recommendation

Central government employees got a huge gift from the 7th Pay Commission report which recommended on Thursday a 23.55% per cent jump in th...

Nov 19, 2015

Online booking and payment of LPG Gas Cylinders

Taking delivery of LPG cylinder refills has always been a pain in one form or the other, even if it is being delivered to your home. But s...

Procedure for export under claim for brand rate under rule 7 of drawback rule

The exporters opting for claim of brand rate under rule 6 the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 shall co...

Duty Drawback rates of all industries and changes in Duty Drawback Scheme

The revised All Industry Rates (AIR) of Duty Drawback has been notified vide Notification No. 110/2015-Customs (N.T.), dated 16.11.2015 wh...

Nov 17, 2015

Service tax calculator after Swachh Bharat Cess introduced

Service tax rate is increased indirectly after introduction of Swachh Bharat Cess on receipts at 0.5%. So indirectly service tax rate is ...

Nov 16, 2015

FAQs on Swachh Bharat Cess

Chapter VI (Section 119) of the Finance Act 2015 contains provisions for levy and collection of Swachh Bharat Cess (SBC). Now the Governme...

Nov 15, 2015

New PAN and TAN application fees wef 15.11.2015

PAN and TAN application fees have been revised due to increase of service tax from 14% to 14.5% (0.5% Swacch Bharat Cess has included in s...

Nov 14, 2015

IPO will list within 6 working days after issue closure

SEBI issue a circular about reducing the time taken in listing of IPO. From 1 January 2016, IPO will list within 6 working days after the ...