Gift Tax and Wealth Tax in India
As an Indian we are bound to pay multiple taxes :). We pay more than 20 types of taxes to government...
Customs Procedures Simplified for Shipping
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS ...
Payment under Reverse Charge Mechanism
The provisions of Section 68(2) of the Finance Act, 1994 read with rule 2(i)(iv)(d) of Service Tax R...
ULIPS and Section 80C
One of Investments which are eligible under Section 80C deduction is investment in ULIPS. What is a ...
Did you receive a gift from your Employer?
Some companies have recently gifted high end smart phones to their employees, while some have i...
All about Rectification under Section 154(1)
A rectification request under section 154(1) is allowed by the Income Tax Department for correcting ...
Penalty for late filing or failure to file Company’s annual return – Form MGT7
Company’s annual return is to be filed with registrar of companies within 60 days from the date of...
Verification of PAN in TDS Statements filed for FY 2011, 2012 and 2013
CPC (TDS) has issued an advisory communication to the deductors stating about the verification of PA...
Fees & Penalty for late / Non filing of TDS Return
No filing or Late filing of TDS returns or TDS statement shall invite 2 penal consequence ...
Income Computation and Disclosure Standards (ICDS)
Ministry of Finance 09-January, 2015 14:02 IST New Draft of Twelve Income Computation and Disclosure...