• Mar
  • 31
  • 2015

Aggregator’s Services under Service Tax Net

Added In Income Tax
The aggregators who were till now not specifically covered under the Service Tax net on strict interpretation of law and could not catch the attention of revenue authorities came under the radar of one and all in Indian regulatory world once the app based cab services received the attention after Uber fiasco.

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  • Mar
  • 31
  • 2015

Tips to save Income tax for Salaried Person

Added In Income Tax
Often, investment for most individuals begins and ends with tax planning. Although it is pertinent to avail tax breaks, this should not be the sole focus. Start by jotting down your key financial objectives, the tentative time of money requirement and the corpus needed to achieve those goals.

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  • Mar
  • 31
  • 2015

Withdrawal from Provident Fund before Completion of 5 years taxable?

Added In Income Tax
Withdrawal of Provident Fund may attract Income Tax. The Income Tax Department recently told EPFO (Employees Provident Fund Organisation) to deduct Tax (TDS) from the withdrawal amount, if the withdrawal happened before completing five years of subscription. Tax officials have cited a rule in the 1961 Income-Tax Act that taxes PF withdrawals by employees before completing five years of contributions into the EPF is taxable.

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  • Mar
  • 31
  • 2015

Related Party Transaction Under Companies Act, 2013 (Section- 184,188)

Added In Company Law
INDEX OF ARTICLE: FAQ’S RELATED PARTY TRANSACTIONS: THRESHOLD LIMITS UNDER COMPANIES ACT, 2013. NOTES FOR SECTION- 188. DEFINITION OF RELATED PARTY BY DIAGRAMS.

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  • Mar
  • 31
  • 2015

Application for Roll Back of APA can be made upto to 30.06.2015

Added In Income Tax
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 31st March, 2015 Press Release The rules relating to Roll Back of an Advance Pricing Agreement (APA) have been notified through notification no. S.O. 758 (E) dated 14th March, 2015. As per sub-rule (5) of the newly prescribed […]

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  • Mar
  • 31
  • 2015

Rate of Interest WEF 01.04.2015 on NSC, PPF, KVP, Sukanya Samriddhi A/c

Added In Income Tax
Government Announces Interest Rates for Various Small Savings Schemes; Rates to Come Into Force with Effect from Tomorrow          It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of that decision, the Government has decided to revise […]

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  • Mar
  • 31
  • 2015

Little known schemes u/s. 80C of Income Tax Act

Added In Income Tax
If an individual falls in the 30% tax bracket and has exhausted the maximum limit of Sec 80C, one can save Rs 33,000 in taxes. We runs you through the provisions of Section 80C. However, we highlight those schemes that are little known and which many investors avail of sparingly. Stamp duty and registration charges

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  • Mar
  • 31
  • 2015

Income Tax Dept. issues list of 18 tax defaulters

Added In Income Tax
Income Tax Dept. issues list of 18 tax defaulters 1.     BLUE INFORMATION TECHNOLOGY LTD. 2.     LAXMINARAYAN T. THAKKAR (HUF) 3.     JUPITOR BUSINESS LIMITED 4.     HIRAK BIOTECH LTD. 5.     ICON BIO PHARMA & HEALTH CARE LIMITED [Formerly known as moon drugs limited] 6.     APPLITECH SOLUTIONS LIMITED 7.     BANYAN & BERRY ALLOYS LTD. 8.     SOMANI CEMENT CO. […]

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  • Mar
  • 31
  • 2015

Delhi VAT- Due date for Form 9 for year 2013-14 extended to 30th June, 2015

Added In Income Tax
In exercise of the powers conferred upon me by first proviso to sub-rule (3) of Rule 4 of Central Sales Tax (Delhi) Rules, 2005 I, Sanjeev Khirwar, Commissioner, Value Added Tax, do hereby allow to file Form 9 for the year 2013-14, prescribed under the said Rules upto 30th June, 2015.

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  • Mar
  • 31
  • 2015

Delhi VAT- Form DP-1 filing date extended to 30/06/2015

Added In Income Tax
I, Sanjeev Khirwar, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section(1) read with sub-section (2) and (3) of section 70 and sub-section (2) of section 59 of Delhi Value Added Tax Act, 2004, notify that the Form DP-1 shall be submitted online by all the dealers latest by 30/06/2015.

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