Income Tax Dept. issues list of 18 tax defaulters 1. BLUE INFORMATION TECHNOLOGY LTD. 2. LAXMINARAYAN T. THAKKAR (HUF) 3. JUPITOR BUSINESS LIMITED 4. HIRAK BIOTECH LTD. 5. ICON BIO PHARMA & HEALTH CARE LIMITED [Formerly known as moon drugs limited] 6. APPLITECH SOLUTIONS LIMITED 7. BANYAN & BERRY ALLOYS LTD. 8. SOMANI CEMENT CO. […]
It has come to the notice of this office that though the new Service Tax rate of 14% has not yet been given effect, some of the service tax providers have started billing & recovering the amount of Service Tax at the rate of 14% from their customers. This practice is not only completely illegal but amounts to collecting consideration from the general public which is not so required to be collected as Service Tax.
CBI ARRESTS AN INCOME TAX OFFICER FOR ACCEPTING BRIBE OF RS. 75,000/- The Central Bureau of Investigation has arrested an Income Tax Officer Preeta Babukuttan posted at Range 31(1)(2), Mumbai for demanding & accepting a bribe of Rs. 75,000/- from the Complainant.
As you may be aware Service tax on Banking and other financial services was imposed w.e.f.16-07-2001. The taxation of services has also undergone a paradigm shift from positive list to negative list in the year 2012. Post implementation of taxation of services based on negative list, service tax compliance has now become an integral part […]
Service Tax Return (ST-3) for October 2014 to March 2015 period will be made available from 01.04.2015 for e-filing by the assesses in both offline and online version. The last date for filing the returns for the said period is 25th April 2015. The assesses can file return online or use the offline utility by […]
The status of pending public grievances with the Income Tax Department was reviewed by Hon’ble PM yesterday through video-conferencing with Revenue Secretary and the undersigned. During the meeting, the Hon. PM expressed dissatisfaction about delays in responding to public grievances by our Officers as well as about the harassment meted out to the taxpayers and officious behaviour of our Officers.
FM Stresses the need for use of more Accounted Money and Discourage of use of Unaccounted Money Focuses on use of Plastic Money such as Credit Card, Rupay Card and Cheques in lieu of Hard Currency The Union Finance Minister Shri Arun Jaitley said that there is need to take steps to encourage people to […]
Field Offices Under Chief Commissioners of Customs/Central Excise/Service Tax to Remain open tomorrow, 28th March, 2015 to Facilitate filing of Returns/Payment of Taxes In view of closing of the current financial year, the Central Board of Excise and Customs [CBEC] has decided to keep open all the field offices under the Chief Commissioners of Customs/Central […]
Advance Reservation Period for Booking Reserved Train Tickets increased from 60 days to 120 days from 1st April 2015 The Ministry of Railways has decided to increase the Advance Reservation Period (ARP) for booking accommodation in trains from 60 days to 120 days (excluding the date of journey). Accordingly, w.e.f. 1st April 2015 the booking […]
e-TDS/TCS Return Preparation Utility Ver. 1.0 based on JAVA platform for Regular Statements from FY 2007-08 onwards released (24/03/2015) Key features of RPU 1.0 NSDL e-TDS/TCS Return Preparation Utility in JAVA platform. Preparation of Regular TDS/TCS Statement(s) for Form 24Q, 26Q, 27Q & 27EQ pertaining to Financial Year 2007-08 onwards (for all quarters).
