The Government of Rajasthan has reduced the rate of composition fees on Gems stones and Jewellery from the proposed 0.75% to 0.50% of the Turnover for the F. Y. 2015-16. During the preceeding F. Y. 2014-15 the rate of composition fees was Rs. 500/- for every Rs. 2 Lakhs (or part thereoff) of Turnover which …
COMPOSITION FEES ON GEMS & JEWELLERY (RAJASTHAN) – 0.50% Read More »
Q.1. How can foreign companies open Liaison /Branch office in India? Ans. A. With effect from February 1, 2010, foreign companies/entities desirous of setting up of Liaison Office / Branch Office (LO/BO) are required to submit their application in Form FNC along with the documents mentioned therein to Foreign Investment Division, Foreign Exchange Department, Reserve …
FAQ’s ON OPENING A BRANCH OR LIAISON OFFICE BY A FOREIGN COMPANY IN INDIA Read More »
We are enclosing the Rate of VAT and Luxury Tax on Hotels and Restaurants in Rajasthan applicable after the State Budget, 2015. ATTENTION – These changes in rates are applicable with immediate effect i.e. 09-03-2015. The major changes are:- 1. Peak Rate of VAT has been increased from 14% to 14.50%. 2. Cooked food like Pizza, burgers, fried chicken, …
Impact of Rajasthan Budget, 2015 on Hotels & Restaurants Read More »
The budget for the F. Y. 2015-16 has been presented by the H’ble Finance Minister Sh. Arun Jaitley ji in the Lok Sabha today. There has been a significant effort by the Finance Minister to stablise the taxation regime in India including cancellation of the Direct Tax Code implementation and defferment of GAAR for 2 …
The budget for the F. Y. 2015-2016 has been presented by the H’ble Finance Minister, Sh. Arun Jaitely Ji on 28th February, 2015 with a focus for smooth transition of all the Indirect Taxes towards the Goods & Services Tax (GST) proposed to be enacted from 01-04-2016. Besides the proposal to increase the rate of …
F.No.153/53/2014-TPL (Pt.I) GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) **** North Block, TPL Division New Delhi, the 26th September, 2014 Order under section 119 of the Income-tax Act, 1961 Section 44AB of the Income-tax Act, 1961 („the Act‟) read with rule 6G of the Income-tax Rules, 1962 („the Rules‟) …
EXTENSION OF DUE DATE FOR INCOME TAX RETURN WITH TAX AUDIT u/s 44 AB Read More »
Gujarat High Court directs CBDT to extend due date for filing of ITR to 30-11-2014 subject to Sec. 234A interest The CBDT vide Order [F.NO.133/24/2014-TPL], dated 20-8-2014 had extended the due date for filing of tax audit report to November 30, 2014. However, the CBDT had not extended the due date for filing of the …
EXTENSION OF DATE FOR INCOME TAX RETURN – AUDIT CASES Read More »
The budget for the FY 2014-15 have been presented by the Central Government on 10th July, 2014 and the Rajasthan State Government on 14th July, 2014 with changes in the rate of indirect taxes on hotels under few categories. We are enclosing below the tax liability on hotels in rajasthan after the central & state …
TAX LIABILITY ON HOTELS IN RAJASTHAN – AFTER CENTRAL & STATE BUDGET OF 2014 Read More »
The Finance Bill, 2014 has been presented by the H’ble FM Sh. Arun Jaitley Ji in the Lok Sabha on 10th of July, 2014. We are enclosing the Income Tax Ready Reckoner for the FY 2014-15 (AY 2015-16), incorporating the amendments proposed in the Finance Bill, 2014. This document is a quick guide for easy …
The budget for the FY 2014-15 will be presented by H’ble Finance Minister Sh. Arun Jaitley Ji in the parliament on 10th of July, 2014. This will be a budget of aspirations of the young india – a budget that will set the agenda of Modi Government for the next 5 years and will mirror …
FINANCE BILL 2014 – A BUDGET OF INDIAN ASPIRATIONS Read More »