Blog Archive

Taxability, Place of Provision and Procedural compliances in respect of “Online Information and Database Access or Retrieval Service”

Recently, Central Government has brought changes in the Taxability, Place of Provision and Procedural compliances in respect of “Online Information and Database Access or Retrieval Service” with the intent to broaden the Service tax net by 1st

GST will cross the half-way mark before the end of September

NEW DELHI: With half the state legislatures expected to ratify the Constitution amendment bill to roll out goods and services tax+ (GST) by early September, the Centre is now moving to the next stage — deciding on

Ecommerce companies to display their Corporate identity and contact person detail on website

Companies which conduct online business will now have to provide on their websites details about their registration with the government, as well as information about persons to be contacted for grievances. The government’s move to introduce the

Black money window: govt ease the payment of tax schedule

The government on Thursday clarified that tax paid under the ongoing amnesty scheme for persons with undisclosed domestic assets can’t be reduced to an effective 31% from 45% prescribed by enjoying immunity not only for such income

CBDT assured about the secrecy of declaration under Black money window

NEW DELHI: CBDT today issued a notification making it clear that information about those who declare their black money under the compliance window, ending September 30, will be kept secret. The notification states that “no public servant

Like fast food now pay fat tax in Kerala

Taking a cue from the West, Kerala is all set to introduce what it terms as a “fat tax” of 14.5% for foods judged to be unhealthy. Food items like pizzas, burgers, doughnuts, pasta, and bread-fillings served

DIPP asked state and Union Territories to setup Startup Hub to handle queries

The Commerce and Industry Ministry has asked all the states and the Union Territories to set up ‘Startup Hub’ as well as incubators to help budding entrepreneurs. The Department of Industrial Policy and Promotion (DIPP) has already

NRI investing their salary in India facing problems

Indians who work abroad invest their money back home. In fact, these remittances from non-resident Indians (NRIs) have allowed us to bridge the foreign exchange deficit caused by our unbridled love for gold. On its part, the

Non-resident need not to have PAN in India to claim lower deduction of tax

NEW DELHI: Non-resident investors who do not provide permanent account number will no longer have to face higher tax deduction at source. The income tax department has eased norms for non-resident investors, who will not be subjected

Tax to be collected on cash sale exceeding Rs 2 lakhs

No tax will be collected at source when cash component of the payment for goods and services is less than Rs.2 lakh even if the total consideration is more than this amount. CBDT has issued a new