- Monday, October 10, 2011, 7:07
- Income Tax
- 617 views
Assessees having income from salary have to file return of income before July 31 of the assessment year. This is the `due date' prescribed in section 139(1) of the Income Tax Act, 1961. Self-employed businessmen and professionals, and those deriving income from let-out property too have to file their returns by this date.
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- Friday, January 21, 2011, 5:56
- Service Tax
- 14 views
In continuation of previous articles, elaborating the difficulties in getting the refund claim under different conditions, we in this article are unveiling the problems existing in the Service tax refund mechanism under Conditions relating to Courier
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- Friday, January 14, 2011, 7:05
- Income Tax
- 2 views
The Income Tax department will process more than 40 lakh refund cases before April this year. The department has streamlined the process as the statutory time limit to process the return and issue refund in the financial year 2009-10 is March 31 an
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- Monday, September 20, 2010, 7:09
- Custom Duty
- 3 views
Upset over sharp reduction in the rates of duty drawback, or tax refund, exporters today said the move will have adverse impact on employment in sectors like apparel, leather, handicraft and metal.
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- Thursday, January 28, 2010, 6:34
- Service Tax
- 177 views
The recent circular no. 120/01/2010-ST dated January 19, 2010 has been issued by the Board for claiming the refund of unutilized Cenvat credit under Rule 5 of Cenvat credit Rules by the service exporters. The above circular has tried to address all the problems faced by the service tax exporters in claiming such exemption. They have tried to give clarification on all the issues. But the famous Hindi proverb “lohe ke chane chabana” (Hard nut to crack) is apt for refun..
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- Saturday, January 16, 2010, 8:35
- Income Tax
- 16 views
The I-T department has asked tax payers not to give out personal details like PAN card number and information about their credit cards on the internet in the wake of mushrooming fake e-mails hitting users' inboxes. Viewing with concern the spurt in fictitious and unauthorised e-mails landing in personal internet addresses of many people, the department is adding a word of 'caution' at the end of each mail sent by them.
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- Tuesday, December 22, 2009, 8:54
- Service Tax
- 131 views
In the context of refund of service tax paid on foreign agency commission, Notification 18/2009 dated 07/07/2009 (in the table, sl.no.2 , condition no. 2) says “exemption shall be limited to one percent of the free on board value of export goods for which the said service has been used”. This means that amount of service tax paid, which can be refunded to the exporter, is restricted to one percent of the FOB value of export goods in relation to which the taxable serv..
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- Wednesday, December 9, 2009, 10:24
- Service Tax
- 4 views
In continuation of previous articles, elaborating the difficulties in getting the refund claim under different services, we in this article are unveiling the problems existing in the Service tax refund mechanism under Services of purchase or sale of foreign currency, including money changing provided to an exporter in relation to export goods (Section 65(105)(zm)) & (Section 65(105)(zzk)) and (i) Services provided in relation to collection of export bills, (ii) Services..
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