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NEW TDS RULES

[06 Jul 2010 | No Comment ]
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[30 Jun 2010 | No Comment ]
Dear All, Please have the upcoming amendments from CA Day i.e !st July in Service Tax and Good News for Air Service Providers too. WEF 1-7-2010 in the definition of Taxable services under the service tax Act (Section 65(105)(zzzo) air craft operator are liable to pay service tax on passanger ticket. Further as per section 65(105)(l), air travel agents are also liable to pay service tax. Whether this is not double taxation on the same air ticket. Whether input credit will be available to a...

[28 Jun 2010 | No Comment ]
Secured or unsecured: The draft guidelines placed on the website of RBI contained the following definition of NCDs “Non-Convertible Debentures (NCDs) will mean secured, negotiable money market instruments with original maturity of less than one year issued by corporates (including NBFCs) to meet their short term funding requirements, issued by way of private placement with investors. The guidelines also cover NCDs with original maturity of more than one year with optionality attached to it whi...to pay service tax. Whether this is not double taxation on the same air ticket. Whether input credit will be available to a...

[28 Jun 2010 | No Comment ]
Email :Vinod Kothari & Payel Jain , Vinod@vinodkothari.com , payel@vinodkothari.com. In order to regulate and control money market instruments – that is, short term debentures of 3-12 months maturity, the RBI, in pursuance of sec. 45W – which pertains to money market instruments, has issued new directions - Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010 to regulate issue of Non-Convertible Debentures (NCDs) by Corporate. The market in Indi....

[28 Jun 2010 | No Comment ]
1.Please use Ink Jet /Laser printer to print the ITR-V Form. 2. The ITR-V Form should be printed only in black ink. 3.Do not use any other ink option to print ITR V. 4.Use of Dot Matrix printer should be avoided. 5.Ensure that print out is clear and not light print/faded copy. 6.Please do not print any water marks on ITR-V. The only permissible watermark is that of “Income tax Department” which is printed automatically on each ITR-V. 7.The document that is mailed to CPC should be ...

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Ahalder_ece (02/16/2012)
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Amritah (02/22/2012)
Dear All, I'll be highly obliged if anyone can suggest me on below mention query for claiming exemption u/s 54F. Mr. A purchased a shop 10 years back at Rs. 2 lacs. The same is shown in his Balance Sheet in Assets as Shop Sp

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NEW TDS RULES

SERVICE TAX

Few questions arising out of these Directions need to be attended immediately by the RBI to make it an effective tool of control

Another money market instrument – short term NCDs

Dos and Dont’s for printing and submitting of ITR-Vs to ITD-CPC Bangalore for A.Y. 2010-11

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