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Jun 19, 2013

Changes In ITR Forms & Return Filing Rules For A.Y. 2013-14

Posted: 18 Jun 2013 07:09 PM PDT
In terms of Section 66B of the Act, service tax will be leviable on all services provided in the taxable territory by a person to another for a consideration other than the services specified in the negative list. Due to Section 66B, the regime of service tax from taxable 119 services to 17...
Posted: 18 Jun 2013 06:26 PM PDT
Some recent amendments have been introduced by the Income Tax Department for filing Income tax Return by the assessees for the Assessment Year 2013-14. These rules have substituted old Income Tax Return Forms with new Income Tax Return Forms .
Posted: 18 Jun 2013 08:58 AM PDT
Form 16 becomes quite a topic of discussion in all office campuses during the tax filing season. Though we know that Form 16 is for tax filing, many of us still find it hard to understand the components of Form 16 while filing the return. Understanding Form 16 is the key to better tax planning.
Posted: 18 Jun 2013 08:54 AM PDT
We all love to give and receive gifts of all kinds. With the holiday season quickly approaching we takes a minute to look at the 'cost' of receiving and giving gifts and the effect it could have on your tax returns. Taxable Gifts On October 1, 2009, the Central Board of Direct Taxes (CBDT) put [...]
Posted: 18 Jun 2013 08:48 AM PDT
Lot of people misses the deadline every year due to lack of time or plain laziness. Did you miss it too? In case you have, do not worry, you can still file the belated return. As a tax payer, you are likely to fall under one of these 4 categories. The associated rules and implications are outlined...
Posted: 18 Jun 2013 07:31 AM PDT
Leviability of service tax has undergone a drastic change. From the list of 119 taxable services to a negative list and mega exemption has been introduced. With such a change from positive to negative list there are lots of issue which needs clarification. If no clarification is issued by CBEC it...
Posted: 18 Jun 2013 07:28 AM PDT
The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect upon enactment of the Finance Bill 2013 on the 10thMay, 2013. The said scheme provides an opportunity to any person whose service tax is due or has short paid and has not declared in his service tax return to pay...
Posted: 18 Jun 2013 06:57 AM PDT
List of declared services has been prescribed under section 66E wherein clause (b) includes construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, as a declared service except where the entire...
Posted: 17 Jun 2013 07:52 PM PDT
Notification No 22 (RE – 2013)/2009-2014 New Delhi, Dated :  18 June, 2013 Subject: Amendment in Notification No 39(RE-2012)/2009-14 dated 25th March, 2013 relating to export of edible oils. S.O.(E)             In exercise of the powers conferred by Section 5 of the Foreign Trade (Development &...
Posted: 17 Jun 2013 07:49 PM PDT
Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is extended for one more year, i.e., till 23.6.2014 or until further orders, whichever is earlier.

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