"February, 2010" Archive - Page 7

Union Budget 2010: Old Wine in New Bottle

Month of February is the shortest month of the year and this shortest month gets the highest importance other than any month of the year. For Indian economy it is the month where all expectation and desires followed with wishes and prayers are expected to come true. For some it comes true and for some it remains negative or dull. We celeb...

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Posted Under: Income Tax |

3 Smarts of Budget 2010-11

Yesterday the Parliament of India have created a history by making a walkout even before the budget was yet to be finished. The opposition parties made the walkout once it was declared in the budget that petrol prices to go up. To levy excise duty of Re1 per liter on petrol and diesel have made the whole of India to think about the probab...

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Posted Under: Income Tax |

ICAI welcomes Union Budget 2010

ICAI welcomes the Union Budget presented by the Hon’ble Finance Minister Shri Pranab Mukherjee, which can be termed as a relief oriented budget. The Budget skillfully balances the need to step up the economic growth on one side, check inflation on the other side and also address the socio-economic needs of the nation....

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Posted Under: Income Tax | ,

Retrospective amendment to service tax- Renting of immovable property provided in budget 2010

Finance Bill 2010 has made an amendment in the definition of the taxable service ‘Renting of immovable property’ [section 65 (105) (zzzz)] to provide explicitly that the activity of ‘renting’ itself is a taxable service. This change is being given retrospective effect from 01.06.2007....

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Posted Under: Income Tax |

Notification No.16/2010-Service Tax dated 27th February, 2010

Notification No. 16/2010-Service Tax (27/02/2010)

India includes the installations, structures and vessels located in the continental shelf of India and the exclusive economic zone of India, for the purposes of prospecting or extraction or production of mineral oil and natural gas and supply thereof....

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Notification No. 15/2010-Service Tax dated 27th February, 2010

Notification No. 15/2010-Service Tax (27/02/2010)

the taxes levied by any Government on any passenger travelling by air, if shown separately on the ticket, or the invoice for such ticket, issued to the passenger...

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Notification No. 14/2010-Service Tax Dated- 27th February, 2010

Notification No. 14/2010-Service Tax, (27/02/2010)

Notification No. 14/2010-Service Tax, New Delhi, the 27th February, 2010 Seeks to amend Notification No. 1/2002- Service Tax, dated 1st March, 2002 so as to explain certain activities in the Continental Shelf and Exclusive Economic Zone of India....

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Notification exempting taxable service provided by Indian news agency

Notification No. 13/2010-Service Tax (27/02/2010)

Notification No. 13/2010-Service Tax Seeks to exempt the taxable service provided in relation to on-line information and database access or retrieval services and business auxiliary services by any Indian news agency subject to the fulfilment of certain conditions....

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Service tax notification exempting service provided in relation to erection, commissioning or installation

Notification No. 12/2010-Service Tax, (27/02/2010)

Notification No. 12/2010-Service Tax Seeks to exempt the taxable service provided in relation to erection, commissioning or installation of mechanised food grain handling systems, equipment for setting up or substantial expansion of cold storage, and expansion of units for processing agricultural, apiary, horticultural, dairy, poultry, aq...

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Service tax notification exempting taxable service provided in relation to transmission of electricity

Notification No. 11/2010-Service Tax (27/02/2010)

Notification No. 11/2010-Service Tax,-Service tax notification exempting taxable service provided in relation to transmission of electricity...

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