The state-owned lender, Corporation Bank, is all set to come out with a new facility for its taxpayers. The proposed product, to be called as ‘E-payment through ATM’ will enable the taxpayers to pay tax at anytime from anywhere. One can... (Continue reading)
Tax Information Network (TIN) hosted by National Securities Depository Limited (NSDL) on behalf of Income Tax Department (ITD) gives you a facility to verify whether the banks have correctly uploaded the details of your tax deposit to ITD through SMS. SMS... (Continue reading)
The Central Board of Direct Taxes have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the... (Continue reading)
F.No.354/163/2006-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Subject: Refund of service tax paid on taxable services taxable services which are provided in relation to the authorised operations in a Special Economic... (Continue reading)
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry... (Continue reading)
The Delhi High Court on Thursday directed the Institute of Chartered Accountants of India (ICAI) to provide students with certified copies of answersheets under the Right to Information Act. Justice S Ravindra Bhat dismissed contentions raised by the institute that answersheets... (Continue reading)
Just as your savings account, you can now check your Income Tax status online. In a move that will help an individual keep abreast with his tax details, the income tax (I-T) department has started furnishing annual tax statements directly... (Continue reading)
Reduction in rate of service tax is applicable with immediate effect i.e. from 24.02.2009. Consequent to the reduction of rate of service tax from 12% to 10% w.e.f. 24.02.2009, the service tax is payable at the rate applicable on the date... (Continue reading)
In a huge relief to millions of consumers and the industry in the time of down market, the UPA government has reduced the excise duty and service tax rate by 2 per cent. While the excise duty has been reduced... (Continue reading)
Tax Return Preparers (TRPs) can now prepare and furnish TDS and Service Tax returns ... (Continue reading)