It is very common practice in the construction or infrastructure related industries that the contract prices agreed between the parties are inclusive of taxes applicable on such construction/maintenance/repair/renovation or related activities. In such circumstances, the service provider can not levy service tax over and above the contract price and is bound to discharge its liability of service tax from the price charged.
I am covering following points in this article- Valuation of service portion in works contract, CENVAT Credit availability in works contract, Point of Taxation in Work Contract Service
Since 2nd May 2011 to 6th November 2012, Costing Profession of CMA passes through Sea Level changes; desired destination of the Central Government, Ministry of Company Affairs to cover all production, processing, manufacturing and mining companies (meeting specific criteria) under Cost Accounting Records ;Cost Compliance as per Section (d) of 1 of 209 and Cost Audit as per Sec 233B of Companies Act 1956.
TDS calculator for Salaried for Financial Year 2012-13 – We have uploaded below the TDS calculator for salaried Government and Non Government Employees in Excel format. The Calculator have Following Featurs:- 1. Auto Calculate TDS deductible or Tax Payable. 2. Auto Calculate Deduction for HRA.3. Updated with Changed made by Union Budget 2012-13 4. Calculate Tax/ TDS of Male, Female, Senior Citizen and Very Senior Citizen.
The scope and ambit of application of section 254(2) is very limited. The same is restricted to rectification of mistakes apparent from the record. Recalling the entire order obviously would mean passing of a fresh order. That does not appear to be the legislative intent. The order passed by the Tribunal under section 254(1) is the effective order so far as the appeal is concerned.
A new Website for e-filing of returns and forms has been launched by the Income-tax Department. On the new Website, a new feature has been introduced for tax professionals (presently this feature is available only for Chartered Accountants) for online filing of various forms. To assist tax professionals in filing the statutory forms various […]
Learn how to register on the new income tax website for individuals and HUFs. Follow the step-by-step process to create your e-Filing account and access important tax services.
Learn how CAs can easily download income tax forms and upload XML files for electronic filing. Streamline your tax filing process with this step-by-step guide.
Learn how Chartered Accountants can register on the Income Tax e-filing website as professionals. Step-by-step guide to complete the registration process.
ABCAUS Task Reminder is excel based Task Reminder that can help you remind your important schedules. These schedules can be your professional meetings, seminars, appearances or even your personal affairs like Bill payments, Medical checkup etc.
