9B. Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, by way of the following educational programmes, except Executive Development Programme
CBEC vide Notification No. 08/2016-Service Tax, Dated: March 01, 2016 has amended and rationalised the Abatement provisions provided in Notification No. 26/2012- Service Tax dated 20.06.2012, w.e.f. 01.04.2016 unless otherwise provided, as follows:
Over the years, the courts have laid down different parameters to distinguish the shares held as investments from the shares held as stock-in-trade. The Central Board of Direct Taxes (‘CBDT) has also, through Instruction No. 1827, dated August 31, 1989 and Circular No.4 of 2007 dated June 15, 2007, summarized the said principles for guidance of the field formations .
I, S.S. Yadav, Commissioner, Value Added Tax, do hereby extend the last date of filing of online return in Form 9 for the year 2014-15, prescribed under Rule 4 of Central Sales Tax (Delhi) Rules, 2005 to 31/03/2016.
Question – What is Krishi Kalyan Cess? Answer – An enabling provision is being made to levy Krishi Kalyan Cess on all taxable services @ 0.5% with effect from 1st June, 2016, to finance and promote initiatives to improve agriculture.
The CBDT has issued Office memorandum F.No.404/72-93-ITCC dated 29.02.2016 by which it has revised Instruction No. 1914 dated 21.03.1996 and issued fresh guidelines for stay of demand at the first appeal stage.
Law Related to Tax Deduction at Source (TDS) on payments by television channels and publishing houses to advertisement companies for procuring or canvassing for advertisements.
Law Relating to Tax Deduction at Source (TDS) on payments by broadcasters or television channels to production houses for production of content or programme for telecasting.
Budget 2016 takeaways for individual taxpayers Here is a quick list of major announcements made that will affect our pocket. 1. INCREASE IN TAX REBATE: Those earning below Rs 5lakhs to save an additional Rs 3,000 in taxes. Tax rebate under Section 87A has been raised from Rs 2,000 to Rs 5,000. Effectively, this means […]
Govt. of India has proposed to introduced 3 major schemes for the farmers. Mainly Pradhan Mantri Fasal Bima Yojna to cover the farmers from the loss of unfavorable weather conditions, calamity changes etc and Rs. 5500 crore is propose to allocate to this scheme.
