1. Threshold Exemption- A Small service provider whose value of taxable service from one or more premises did not exceeds Rs.10 lakhs in previous financial year will be exempt from tax in next financial year upto first consecutive payment of Rs. 10 lakhs received. However, if taxable turnover in current year exceeds the specified limit, there will be no exemption from service tax in next financial year.
Effective from April 1, 2016, there are various changes made applicable under the Cenvat Credit Rules, 2004, with a view to simplify and rationalize the Credit Rules. The important changes have been discussed along with availment of Cenvat credit of Service tax paid on assignment of right to use of natural resources by the Government or Local Authority or any other person.
Income tax Calculator for Financial Year 2015-16 Assessment Year 2016-17 in Excel Format Attached is the Income tax calculator with flexi allocation kit for the FY 2015-2016. Simple income tax calculator cum flexi allocation kit, for the use of salaried employees of govt and private sector, basis the latest budget proposals. Tax slabs; Rates for […]
(a): The rates of minimum wages fixed for agriculture and nonagricultural workers in the Central Sphere is at Annexure I. The range of minimum wages in the State Sphere is at Annexure II. (b) to (d): There is a wide regional disparity in minimum wages due to variations in socio-economic and agro-climatic conditions, income, prices of essential commodities, paying capacity, productivity and local conditions.
The days have done when Company Secretaries (CS) was called up on to take minutes and due pure secretarial works. For layman knowledge, a CS means an individual who has qualified as a CS and enrolled as a Member of The Institute of Company Secretaries of India (ICSI).
1. There is a transfer of property in goods involved in the execution of such contract, and 2. Such transfer of property in goods is leviable to tax as sale of goods (such as sales tax, VAT or WCT, etc.). It must be noted that the words which are used here are leviable to tax as sale of goods’, therefore, it is not necessary that VAT has been actually paid on the transfer of property involved in such contract.
In this article we have compiled various codes used by Income Tax Department for showing Status of Taxpayer, Nature of Business , States , Holding Status- Nature of Company, Business Organization Type, Unit of Measurement and Section Code for Nature of income in software- Status of Taxpayer I Individual H Hindu Undivided Family (HUF) 1 […]
You may kindly note that whenever any document is uploaded to any e-Filing website , the following best practices should be complied. Scan settings ⇒ Scan to PDF ⇒ Scan at 300 dpi ⇒ Scan in Black and White only ⇒ Do not upload files with Read/Write/Password protection Scanning Source Documents Scan the original tax […]
1. Please use Ink Jet /Laser printer to print the ITR-V Form. Use of Dot Matrix printer should be avoided. 2. The ITR-V Form should be printed only in black ink. Do not use any other ink option to print ITR-V. 3. Ensure that print out is clear and not light print/faded copy. 4. Please […]
Online Upload of e-TDS/TCS statement(s) and AIR functionality will be discontinued from May 1, 2016 at NSDL e-Gov end. The users who are desirous to file e-TDS/TCS statements/AIR are hereby requested to visit our TIN-FC agents. To know the nearest TIN-FC, please visit at the TIN website at https://www.tin-nsdl.com/tin-facilities.php For online upload of quarterly TDS/TCS […]
