TaxIndiaUpdates.In : GST, Service Tax, Income Tax, VAT, Tax Planning

No Extension in Due Date of Filing Returns by 30-09-2015 for A.Y. 2015-16:PIB

September 9, 2015September 25, 2015 TaxIndiaUpdates InComments Off70464 views

No Extension in Due Date of Filing Returns in case where the last date of filing returns for AY 2015-16 for assessees whose accounts are liable to get audited is 30-09-2015. The Ministry of Finance has issued press note that there would not be any … Continue Reading →

Income Tax

Due date of filing return has been extended upto 07-09-2015

September 2, 2015September 7, 2015 TaxIndiaUpdates In0 comments6226 views

Due date of filing return has been extended by CBDT in the case of all income tax assessees who are liable to file their Income tax returns by 31/08/2015. (CBDT vide order u/s 119 dated 02/09/2015). For details, as below: F.No.225/154/2015/ITA.II GOVERNMENT OF … Continue Reading →

Service Tax

Detailed Manual Scrutiny of Service Tax Returns

August 7, 2015March 25, 2016 TaxIndiaUpdates In0 comments9210 views

. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS SERVICE TAX WING NEW DELHI CIRCULAR NO 185/4/2015-ST, Dated: June 30, 2015 To All Principal Chief Commissioners of Central Excise All Chief Commissioners of Central Excise/ Service Tax Principal … Continue Reading →

Income Tax

New Income Tax Return form ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7 for A.Y.2015-16

July 30, 2015September 25, 2015 TaxIndiaUpdates In1 comments7293 views

New Income Tax Return form for AY 2015-16 has been notified by CBDT vide Notification No. 61/2015 dated 29-07-2015 Major changes in new return Forms for AY 2015-16 Expenditure on CSR activities to be shown in ITR-6 Aadhaar Number and passport number is … Continue Reading →

Budget 2015

Changes made in Direct Tax Law by Finance Act, 2015

July 20, 2015March 1, 2016 TaxIndiaUpdates In0 comments1792 views

. New Post: Changes made in Direct Tax Law by Union Budget 2016-17 Finance Act, 2015 has made various changes in Income Tax Act. Few of the important changes which require your attention are as under: Section 269SS prohibits acceptance of loan or deposit and section … Continue Reading →

Income Tax

Taxation of Black Money in India : Clarifications by CBDT on Tax Compliance for Undisclosed Foreign Income and Assets

July 11, 2015September 22, 2015 TaxIndiaUpdates In0 comments6617 views

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (hereinafter referred to as ‘the Act’) has introduced a tax compliance provision under Chapter VI of the Act. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, … Continue Reading →

Goods and Service Tax

Indirect Taxation : New Avenues for Tax Professional

July 3, 2015September 6, 2016 TaxIndiaUpdates In0 comments5743 views

India’s most awaited tax reform, Goods and Services Tax is put in the lok sabha and passed as “The Constitution (One Hundred And Twenty-Second Amendment) Bill, 2014”. GST hailed plaguing the indirect tax structure of the country. The Goods and Services Tax (GST) is … Continue Reading →

Income Tax

Brij Lal & Ors Vs Commissioner of Income Tax Jalandhar 21-10-2010

July 2, 2015February 2, 2016 TaxIndiaUpdates In0 comments4636 views

IN THE SUPREME COURT OF INDIA CIVIL APPELLATE/ORIGINAL JURISDICTION CIVIL APPEAL Nos. 516-527 OF 2004 Brij Lal & Ors. … Continue Reading →

Income Tax

Black Money Taxation Rules 2015

July 2, 2015February 1, 2016 TaxIndiaUpdates In0 comments4542 views

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 58/2015 Dated- 2nd of July, 2015 G.S.R. 529 (E).– In exercise of the powers conferred by sub-sections (1) and (2) of section 85 … Continue Reading →

Service Tax

CBEC Service Tax Education Guide

June 30, 2015February 1, 2016 TaxIndiaUpdates In0 comments10832 views

. TAX RESEARCH UNIT Central Board of Excise & Customs, Department of Revenue, Ministry of Finance Government of India, New Delhi Taxation of Services – An Education Guide Press Release, dated 20-6-2012 Introduction 1.1 Background The journey of taxation of services began by selective taxation … Continue Reading →