Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers Simplified Income Tax Return Forms A New Form ITR 2A is proposed which can be Filed by an Individual or HUF who does not [Read More]
Jun 032015
May 302015
Taxation of Allowances Meaning of allowance Allowance is generally defined as fixed quantity of money or other substance given regularly in addition to salary for the purpose of meeting some particular requirement connected with the services rendered by the employee [Read More]
May 292015
Due dates for the Month of June 2015 05-06-2015 Service Tax – Service Tax Payment by Companies for May Central Excise# – Payment of Excise Duty for all Assessees (other than SSI Units) for May 07-06-2015 Income Tax – TDS [Read More]
May 292015
Frequently Asked Questions on Service Tax Q. What is the effective rate of service tax that I need to charge on Invoice being raise 26-05-2015 for the completed service? Comments: 12.36% Q What is the effective rate of service tax [Read More]
May 282015
Impact of Change in Service Tax Rate The immediate impact of the change in rate would be increase in the service tax amount which is to be paid by the service provider post 1.6.2015. As per Section 68(1), service tax [Read More]
May 272015
TDS deductible on payment to transporter owing more than 10 carriages You may be aware that hitherto (upto 31.05.2015) no TDS was require to be done from Transport charges paid/ payable if the transporter furnishes the copy of PAN. However, [Read More]
May 272015
INCOME TAX- For TDS & TCS- Nine Amendments shall be effective from 1st June 2015 1. Requirement for obtaining evidence/ particulars by employer for TDS–Section 192-Prescribed form from employee to be obtained for his claims. 2. TDS from premature withdrawal from [Read More]
May 272015
Possible tax planning due to change in service tax rates We have discussed in detail in our previous article on new Service tax rate becoming effective from June 1, 2015 and how this change in going to change our service [Read More]
May 262015
How to deal with change in service tax rate New service tax rate of 14% is effective from June 1, 2015. This article is intended to provide you with insights of how to deal with change in rate and which [Read More]
May 232015
Dear All, Please find the compliance hand book for F.Y. 2015-2016. Features: Income Tax Companies Act Limited Liability Partnership (LLP) Service Tax Excise Other Compliances Compliance Calendar Useful Websites Download link for Compliance Hand Book (FY 2015-2016) Sensys Technologies Pvt. [Read More]