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Archive: 10 September 2015

Posts in 10 September 2015

Procedure for payment of commission by banks to agents on sale of KVP

September 10, 2015 1340 Views 0 comment Print

The authorized agent will register himself/herself with a branch of a bank by submitting a copy of his/her valid certificate of authority to the Branch Manager and also produce original certificate of authority for verification as and when required by the bank.

CBDT comittee to study Feasibility of Industry Based Jurisdiction

September 10, 2015 591 Views 0 comment Print

Board has constituted a Committee to examine the feasibility of implementing ‘Industry Based Jurisdiction’ in a phased manner instead of the prevailing ‘Territorial Jurisdiction’ as recommended by the Tax Administration Reform Commission (‘TARC’).

Works contract service – Free issue of material by Service Receiver

September 10, 2015 27716 Views 7 comments Print

The works contract service has always been a subject matter of debate or discussion, either in computation of tax under VAT Act or under Service Tax Act and more importantly after the introduction of reverse charge mechanism, where both service provider and service recipient is the person liable to pay tax. In this article I […]

E-payment of income tax- an easy guide

September 10, 2015 3733 Views 0 comment Print

Most of us are unaware about the payment of income tax online. We have to go to bank and deposit the tax which takes a lot of time. So here’s an easy guide to e payment of income tax online. To deposit the tax, please refer below mentioned steps:

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