taxation

“It’s the HR mail again.I need to do my tax savings now and submit the proofs.”Said Monisha,a 26 years old Software professional to her colleagues Akshay and Neha.   Neha:Me too!!Where should I invest?   p style..

The term “appeal” is defined to mean “ An application for the judicial examination or review by a higher Court of the decision of any inferior court or authority. Appeal is a proceeding taken before a superior Court or Authority for reversing or modifying decision of an inferior Court or authority on ground of error, a call for help. The appeal ..

Step 1:- If you have been allotted an additional Permanent Account Number (PAN) which you wish to voluntarily surrender, you need to visit the Income Tax (I-T) departments website -incometaxindia.gov.in. Click on the icon surrender Duplicate PAN.   span style="color: rgb(0, 0, 0); font-familyy: a..

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The Punjab & Haryana High court has delivered a landmark judgement namely Gheru Lal Bal Chand Vs. State of Haryana and another on 23/09/2011 disposing off 26 writ petitions challenging the constitutional vires of section 8(3) of Haryana Value Added Tax Act, 2003 and Rule 20(1) and 20(4) of Haryana VAT Rules and the consequent ass..

Definition of works contract service: Service tax under works contract services has been imposed on the service element involved in the works contracts. It should be noted that unlike VAT laws in various States service tax is applicable only on a fewer kinds of works contract as defined in section 65(105)(zzzza). Works contracts relating to Roads, Airport..

The following are the points are worthy to note before designing the good salary package to ..

.style1 { font-weight: bold; } Notification 18/2011 dated 1st March 2011 brought stringent provisions of service tax to get early revenue to the government by introducing &ldq..

“Penny  Saved is the  Penny earned”. ..

GST is India’s most far reaching tax reform and aims to integrate the country into a comm..

The word Penalty can be defined to mean a pecuniary punishment for any breach of law, rule or contract, any sum named in a bond as the amount to be forfeited by the obligor in case he does not comply with the condition of the bond, money recoverable by virtue of a..

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The Finance Minister presented the Union Budget 2011 amidst low expectations of any major  indirect tax policy reforms due to lack of any concrete understanding between the Central Government and some of the State Governments.  Certainly, the Target date for implementation of Goods and Service Tax (“GST”) wit..