Don't Worry , Be Happy !
Maitreyee Narayansing Rajaput, Arti Jain and Charmy Suresh Sheth, the three young women have made history by sweeping the top three all-India positions in this year’s chartered accountancy exam. The top rank has been bagged by 21-year-old Maitreyee Narayansing Rajaput of Pune. The second rank went to Arti Jain of Bikaner, while Charmy Suresh Sheth [...]
Any law cannot be implemented without the provision of penalty for contravention of such law. In case of Service tax also , broadly 10 kinds of penalties are provided as listed below Section Default/Offence Consequences 73B Delay in payment of amount collected in excess. Simple interest at 10% to 24% p.a. to be prescribed. 73C [...]
The I T department carried out a search and seizure operation at the office premises of leading event management company- Wizcraft International, today in Mumbai. The raid was done in context of the investigation being carried out with regard to the alleged corruption, in the recently concluded Commonwealth Games in Delhi. Wizcraft International was involved [...]
The Directorate General of Foreign Trade (DGFT) has come out with a new exhaustive list of services eligible for ‘Served from India Scheme’ (SFIS). Exporters of services that fall under the SFIS scheme are entitled to duty credit equivalent to 10 per cent of foreign exchange earned by them during the current financial year. The [...]
Central Board of Direct Taxes (CBDT) Chairman, Sudhir Chandra informed the media that the I-T department was open to working on a proposal to do away filing of returns for salaried taxpayers with no other source of income. Chandra stated that for a majority of “salaried employees, savings bank interest is the only additional income [...]
The tax deduction u/s 80DDB of the Income Tax Act provides relief to tax payers who are individual … [Read More...]
Deduction u/s 80E of the Income Tax Act is allowed to individuals who takes education loans for … [Read More...]
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