Showing Articles for : Taxation
Introduction WCT, a term which basically comes in both the parameter : i) Sales Tax and ii) Service Tax. But, what i am going to discuss is substantially belongs to Sales Tax. Here, I’m not going to focus on the concept of the Work Contract interm of Service Tax, rather I will elaborate how to … Continue reading WCT- Work Contract TaxRead more 10340 Views
The documents required for the Import-Export Code are: Covering Letter on Company letter Head Board Resolution on Company letter Head ANF2A (NA for online) Demand Draft of Rs. 250 in favour of concered regional office of DGFT. Director Details on Company letter Head 5 Photo graph of Applicant Director bankers Certificate (see in ANF2A form) MOA COI PAN- Self … Continue reading How to get Import Export Code?Read more 1016 Views
Service Tax Registration for Individual/Proprietorship The documents required for the registration are: 1. ID proof: PAN/Passport/Aadhar Card/Driving license/Voter ID 2. Address Proof: Rent Agreement/Voter ID/Passport/Aadhar Card/Driving license 3. Utility Bill: Electricity Bill/Landline Telephone Bill/Water Bill 4. DECLARATION 5. UNDERTAKING FOR SINGLE REGISTRATION Now make an ID on the following link: https://www.aces.gov.in/STASE/ui/jsp/common/registerWithACES.do After making an ID, login … Continue reading Service Tax Registration- The Complete processRead more 1287 Views
Purview Is earning the salary/Income is net of tax or we have to pay tax on it. The answer to this question is obviously “Yes”. So now the question arises about how to pay the tax or show the income to government so that to decide the amount of tax to pay. Let us see … Continue reading A Review on – Filing Income Tax ReturnRead more 2847 Views
While going through different experiences in my daily routine works , i really got en-devour to experience with the word “PAN Card” . Every time when i came in contact with the “PAN Card” issues i really gets confused about the logic behind making those stupid alphabets and digits, but when i came to know about … Continue reading PAN Card – Its structure, Logic and relevanceRead more 4769 Views
Whether the purchase or sale of stocks and shares undertaken by the assessee are in the course of business or as investment?
For this attention is invited to the following judgments where this issue has been considered. CIT v P.K.N. and Co., Ltd (1966) 60 ITR 65 (SC) Saroj Kumar Mazumdar v CIT (1959) 37 ITR 242 (SC) CIT v Sutlej Cotton Mills supply Agency (1975) 100 ITR 706 (SC) G Venkataswamy Naidu(1959) 35 ITR 591 (SC) … Continue reading Whether the purchase or sale of stocks and shares undertaken by the assessee are in the course of business or as investment?Read more 2203 Views