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Archive: 20 March 2011

Posts in 20 March 2011

CAG questions Sebi, Irda for retaining surplus funds

March 20, 2011 922 Views 0 comment Print

The Comptroller and Auditor General (CAG) in its report has pulled up Securities and Exchange Board of India (Sebi), Insurance regulatory and Development Authority (Irda), Pension Fund Regulatory Development Authority (PFRDA), Central Electricity Regulatory Commission (CERC) and Petroleum and Natural Gas Regulatory Board (PNGRB) for “contravention of constitutional provision”.

Relaxation in due date for uploading of E-Return of Maharashtra Profession Tax for the month of February 2011 and March 2011

March 20, 2011 5520 Views 0 comment Print

The Government of Maharashtra has issued Trade Circular No. 4-T of 2011 dated 19-03-2011 regarding relaxation of due date for the filing of E-Return of Maharashtra Profession Tax for the month of February 2011 till 31st March 2011 provided tax is paid on or before due date i.e 28-02-2011.

Service Tax on Programme (T. V. Or Radio) Services

March 20, 2011 1490 Views 0 comment Print

Programme (T. V. Or Radio) Services means any service provided or to be provided to any person, by a programme producer, in relation to a programme. “Programme” means any audio or visual matter, live or recorded, which is intended to be disseminated by transmission of electro-magnetic waves through space or through cables intended to be received by the general public either directly or indirectly through the medium of relay stations. “Programme producer” means any person who produces a programme on behalf of another person;

Service tax on Technical Testing and Analysis Services

March 20, 2011 9698 Views 0 comment Print

Technical Testing and Analysis Services means any service provided or to be provided to any person, by a technical testing and analysis agency, in relation to technical testing and analysis. “Technical Testing and Analysis” means any service in relation to physical, chemical, biological or any other scientific testing or analysis of information technology software or any immovable property, but does not include any testing or analysis service provided in relation to human beings or animals;

Service Tax on Transport of Goods by Air Services

March 20, 2011 1499 Views 0 comment Print

Transport of Goods by Air Services means any service provided or to be provided to any person, by air craft operator, in relation to transport of goods by aircraft; “Aircraft” has the meaning assigned to it in clause (1) of section 2 of the Aircraft Act, 1934 (22 of 1934); “Aircraft operator” means any person which provides the service of transport of goods or passengers by aircraft;

Service tax on Insurance Business Services (Life Insurance)

March 20, 2011 7961 Views 0 comment Print

Insurance Business Services (Life Insurance) means any service provided or to be provided to a policy holder or any person, by an insurer, including re-insurer carrying on life insurance business in relation to risk cover in life insurance; “Insurer” means nay person carrying on the general insurance business or life insurance business and includes a re-insurer”;

Service tax on Insurance Auxiliary Services Concerning General Insurance Business

March 20, 2011 4077 Views 0 comment Print

Insurance Auxiliary Services Concerning General Insurance Business means any service provided or to be provided to a policy holder or any person or insurer, including re-insurer by an actuary or intermediary or insurance intermediary or insurance agent, in relation to insurance auxiliary services concerning general insurance business. “Insurance Auxiliary Service” means any service provided by an actuary, an intermediary or insurance intermediary or an insurance agent in relation to general insurance business or life insurance business and includes risk assessment, claim settlement, survey and loss assessment;

Service tax on Intellectual Property Services

March 20, 2011 3611 Views 0 comment Print

Intellectual Property Services means any service provided or to be provided to any person, by the holder of intellectual property right, in relation to intellectual property service; “Intellectual Property Right” means any right to intangible property, namely, trade marks, designs, patents or any other similar intangible property, under any law for the time being in force, but does not include copyright;

Service tax on Interior Decorator’s Services

March 20, 2011 13130 Views 0 comment Print

Interior Decorator’s Services means any service provided or to be provided to any person, by an interior decorator in relation to planning, design or beautification of spaces, whether manmade or otherwise, in any manner; “Interior Decorator” means any person engaged, whether directly or indirectly, in the business of providing by way of advice, consultancy, technical assistance or in any other manner, services related to planning, design or beautification of spaces, whether man-made or otherwise and includes a landscape designer;

Service tax on Health Club and Fitness Centre Services

March 20, 2011 5892 Views 0 comment Print

Health Club and Fitness Centre Services means any service provided or to be provided to any person, by a health club and fitness centre in relation to health and fitness services; [Section 65 (105) (zw) of Finance Act, 1994 as amended].

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