TaxIndiaUpdates In

TDS Chart for A Y 2015 -16 (F Y 2014-15)

June 3, 2015September 15, 2015 TaxIndiaUpdates In0 comments10548 views

Section Nature of Payment Threshold Limit of Payment Rates 192 Income from Salary Senior Citizen (60 Years) Rs. 3,00,000 Average rate of Tax + edu. Cess Surcharge if Salary > 1 cr Super Senior Citizen (80 Years) Rs. 5,00,000 Others Rs. 2,50,000 193 Interest on … Continue Reading →

Personal Finance

Useful Websites For Tax Professionals

June 1, 2015February 4, 2016 TaxIndiaUpdates In0 comments12886 views

Useful Websites For Tax Professionals Most Useful In Taxation Practice Central Board of Direct Taxes www.incometaxindia.gov.in Central Board of Excise & Custom www.cbec.gov.in Automation of Central Excise & Service Tax www.aces.gov.in Income Tax E-Filing www.incometaxindiaefiling.gov.in TRACES (TDS View) www.tdscpc.gov.in Department of Company Affairs(MCA21) www.mca.gov.in National … Continue Reading →

Personal Finance

Important Acts Laws

June 1, 2015February 5, 2016 TaxIndiaUpdates In0 comments8639 views

Important Acts Laws THE CONSTITUTION OF INDIA THE INCOME TAX ACT, 1961 THE WEALTH TAX ACT, 1957 THE CUSTOMS ACT,1962 THE SALE OF GOODS ACT, 1930 THE SPECIAL ECONOMIC ZONE ACT, 2005 THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999 THE COMPANIES ACT, 2013 THE … Continue Reading →

Service Tax

Service Tax Advance Rulings Rules

May 31, 2015February 4, 2016 TaxIndiaUpdates In0 comments4878 views

The Service Tax Advance Rulings Rules, 2003 In exercise of the powers conferred by section 96-I read with sub-sections (1) and (3) of section 96C, sub-section (7) of section 96D of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following … Continue Reading →

Service Tax

Reverse Charge in Service Tax Law

May 29, 2015September 14, 2015 TaxIndiaUpdates In0 comments2257 views

Section 68(2) of the Finance Act, 1994 has been suitably amended by the Finance Act 2012 whereby a proviso has been added to the said section authorising Central Government to notify the services and extent of service tax payable by service receiver/provider. Services on … Continue Reading →

GST

GST Constitutional 122nd amendment bill 2014

May 29, 2015February 3, 2016 TaxIndiaUpdates In0 comments3346 views

. AS INTRODUCED IN LOK SABHA Bill No. 192 of 2014 THE CONSTITUTION (ONE HUNDRED AND TWENTY-SECOND AMENDMENT) BILL, 2014 A BILL further to amend the Constitution of India. BE it enacted by Parliament in the Sixty-fifth Year of the Republic of India as follows:- … Continue Reading →

Central Excise

Central Excise Acts Rules and Notification

May 29, 2015April 11, 2016 TaxIndiaUpdates In0 comments14827 views

Central Excise Acts Rules and Notification ACTS The Central Excise Act 1944 The Central Excise Tariff Act 1985 RULES Central Excise Rules, 2002 Cenvat Credit Rules, 2004 Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 Central Excise (Determination of Retail Sale Price … Continue Reading →

Goods and Service Tax

The Constitutional 122nd Amendment Bill 2014: One More Step Towards GST

May 28, 2015September 6, 2016 TaxIndiaUpdates In0 comments8308 views

CA Jitendra Panwar 1.The Central Government ‘The Modi Sarkar’ has introduced Constitutional Amendment Bill 122 for Goods & Services Tax (GST) in the Lok Sabha on 19.12.2014. The Bill will came into effect after it passed by both the houses in the parliament i.e. Lok … Continue Reading →

Goods and Service Tax

GST would be likely to be applicable from 01-04-2017

May 28, 2015October 10, 2016 TaxIndiaUpdates In0 comments5369 views

The Union Finance Minister Mr Arun Jaitley set a positive note on the implementation of GST in his Budget Speech, and mentioned that GST will be a game changing reform which will be implemented by 1 April 2017. Mr Jaitley kept making optimistic references to … Continue Reading →