CBDT has extended the due date of filing audit report u/s. 44AB for AY 2014-15 from 30-09-2014 to 30-11-2014. 1. In exercise of power conferred by section 119 of the Income-tax Act (‘the Act’), the Central Board of Direct Taxes [Read More]
Rebate u/s 87A of the Income Tax Act 1961 Finance Act 2013, has introduced new section, namely Section 87A. This newly inserted section gives rebate up to maximum of Rs. 2000/- to the assesses having Net Total Income Less than [Read More]
Due dates for the Month of August 2014 05-08-2014 Service Tax – Service Tax payments by Companies for July 06-08-2014 Central Excise – Payment of Excise Duty for all Assessees (including SSI Units) 07-08-2014 Income Tax – TDS Payment for [Read More]
TOP 5 BUDGET DIRECT TAX PROPOSALS FOR INDIVIDUAL AND CORPORATES (A) PERSONAL TAX 1. Increase in Exemption Limit a. No Change in Tax Rates: There is no change in Tax Rates, Surcharge, Education Cess, hence existing education cess of 3% [Read More]
Maharashtra Govt, has amended Profession Tax Act w.e.f. 1.7.2014 and changed P. Tax slabs are as follows. Gross Salary Profession Tax Monthly gross salary do not exceed Rs.7500/- Rs. Nil Monthly gross salary exceed Rs.7501 but do not exceed Rs.10000/- [Read More]
SERVICE TAX CLARIFICATION ON RESTAURANT Article on services provided by a restaurant in relation to food or beverages eating joint or mess other than those having the facility of air conditioned or central air heating in any part of the [Read More]
Due dates for the Month of July 2014 05-07-2014 Service Tax – Service Tax payments by Companies for June – Service Tax payments by Other than Companies for June 06-07-2014 Central Excise – Payment of Excise Duty for all Assessees [Read More]
This is regarding the procedure for furnishing of e-TDS/TCS correction statements to TIN Faciliation Centres, with effect from June 1, 2014 the procedure stands revised as below. Physical Form 27A duly signed along with .fvu file in a CD/Pen drive [Read More]
Due dates for the Month of June 2014 05-06-2014 Service Tax – Service Tax Payment by Companies for May 06-06-2014 Central Excise – Payment of Excise Duty for all Assessees (other than SSI Units) 07-06-2014 Income Tax – TDS Payment [Read More]
Due dates for the Month of May 2014 05-05-2014 Service Tax – Service Tax payments by Companies for April 06-05-2014 Central Excise – Payment of Excise Duty for all Assessees (other than SSI Units) 07-05-2014 Income Tax – TDS Payment [Read More]