SERVICE TAX VCES, 2013 : Issues of Tax Paid before VCES?
ISSUE 1 : Assessee has paid 100% Tax before enactment of VCES, 2013 but failed to file the ST return. Query – Whether the assesse can file a declaration under...
SERVICE TAX VCES, 2013 – CLARIFICATIONS
The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised with reference to the Scheme have been clarified by the...
WEALTH TAX ACT, 1957 – A BIRD’s EYE VIEW
Wealth tax is levied on individuals, Hindu Undivided Families (HUFs) and companies who possess net wealth in excess of Rs. 30 Lakh on March 31st of every year. The...
CHANGES IN THE REVISED SCHEDULE VI OF THE COMPANIES ACT, 1956
Revised Schedule VI is applicable on all companies except insurance or banking company, or any company engaged in the generation or supply of electricity. The highlights of the changes...
STEP-BY-STEP PROCEDURE FOR E-FILLING OF INCOME TAX RETURN
The government earlier in May this year, has made the E-filing of Income Tax Return compulsory. The rule is applicable w.e.f. A.Y. 2013-14 for the persons having assessable income...
FAQ : SERVICE TAX VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013
About VCES, 2013 Service Tax Voluntary Compliance Encouragement Scheme, 2013 has been proposed by the Finance Minister in budget for the year 2013-14, to encourage the defaulters of Service...
SERVICE TAX RETURN FILLING TEMPLATES RELEASED
Service Tax Department has released the templates for E-Filling of the Half Yearly Service Tax Return for the period from 01-10-2012 to 31-03-2013 and onwards. The last date for...
DUE DATE FOR FILING INCOME TAX RETURN EXTENDED
The due date for filing of the Income Tax Return for the A.Y.2013-14 for assessees without audit has been extended from 31st July, 2013 to 05th Aug, 2013. 00000
COMPULSORY TAX AUDIT U/S 44AD
As per Section 44 AD of Income Tax Act, 1961:- If an “Eligible Assessee” i.e. an Individual, HUF or Partnership Firm (for detail refer note 1 below) whose gross...
LAST DATE FOR DECLARATION UNDER VCES, 2013
The central government has introduced “Service Tax Voluntary Compliance Encouragement Scheme, 2013″ herein after referred to as VCES, 2013 – for the benefit of large number of Service Tax...