SIMPLE TAX INDIASIMPLE TAX INDIATo understand Indian taxes in easy way and to share all challan ,itr ,and day to day use return forms in excel,pdf and free software AND utilities helpful in compliance of Tax system . Articles
whether the outsourcing of legal work to an associate by a law firm can be
2007-12-09 03:08:00 The doubt was raised whether the outsourcing of legal work to an associate by a law firm can be categorized under Business Support Service. The Board has clarified that the services provided by lawyer in their professional capacity relating to law it are not taxable under the service tax. The clarification of the Board is as follows ?The matter has been examined. The scope of taxable service namely ?business support service? has been explained in TRU?s letter F.NO.334/4/2006-tru DATED 28.02.06. As regards services provided by lawyers in their professional capacity relating to law, the Finance Minister has already made the position clear on the floor of Parliament. It is also pertinent to note that the Empowered Committee of State Finance Ministers has included Legal Service in the list of services which are not presently taxed. This has been accepted in principle?.SOURCE:GOVT WEB SITERELATED ARTICLESDOWNLOAD RETURN FORM ST-3 EXCELProcedural issues in Service Tax (NEW)(ALL O... More About: Outsourcing , Work , Associate
FILE YOUR SERVICE TAX RETURN ONLINE
2007-12-08 15:55:00 Good news for all ,Now you can file your Service Tax return Online ,through internet,to file the return you must have15 digit STP Code (PAN based or Temp No.) and (know your STP)have been using the same in your challans(GAR-7 EXCEL/GAR-PDF EDITABLE) used to paid the tax for the period for which you are going to file Service Tax return.Earlier as a trail this service is available for selected services only but now every service provided can file return online.Before filing the online return you should register your self to dept for a login user name and Password.for this you should apply in simple application and submit the same to the respective Commissionerate.Download application for registration of user name to file return (ST-3) online.FAQ ABOUT E FILINGQ. Is e-filing compulsory ?A. No. E-filing of returns is an assesse facilitation measure of the department in continuation of its modernization and simplification program. It is an alternative to the manual fil... More About: File , Return
WRONG PAN ON CHALLAN,WHAT TO DO?
2007-12-07 02:47:00 Faq given about oltas On Tin Nsdl website has given the following comments about the above question .OtherSimilar queries reproduced hereunder for your ready reference:After depositing the tax at the bank, I have noticed that I have mentioned wrong PAN, or I have received my PAN after making the challan payment. How do I get this incorporated in my challan information? Ans. You should approach your Assessing Officer with an application containing the details of correct PAN and CIN and request him to make the necessary correction.After depositing my tax at the bank, I have noticed that I have mentioned the Assessment Year/Minor Head incorrectly in my challan. Whom do I approach to have this corrected?Ans. You should approach your Assessing Officer with an application containing the details of your PAN and the CIN and request him to carry out the necessary corrections.If I have to deposit fees for filing appeal, what should I do?Ans. In case you have to deposit appellate fees,... More About: Wrong , Alla
KNOW YOUR IP ADDRESS
2007-12-04 04:57:00 From title you have already got that this information is not have any relation with the Indian taxes,but as the use of computers,internet,email are increasing day by day in business and a bit in taxes matters also.with such a environment every one is prone to some cyber crime .but "Know your(others) IP address" is a important for every one who use the internet in what ever manner.we are also recording every visitors IP and click he has made on website you can also check our statscheck Simple Tax India Statsso you want to know your ip address,address is shown in yellow bar in the table shown below.through ip address one can reach easily to the person who have visited your site or send you a mail.so check your ip address detail now.Note:Some time city shown in ip address is not updated & might not be the exact where your location.but through isp it can also be located .Log into your Yahoo! mail with your username and password.Click on Inbox or whichever folder you have stored you... More About: Address
KNOW YOUR PAN STRUCTURE
2007-11-30 03:05:00 What is PAN?Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN. 1-5 field are alpha(A to Z)6-9 field are numeric(0-9)10 field is alpha(A-Z)Forth field of pan denotes assessee status :for individual="P"for Company="C"for Trust ="T"for partnership firm="F"Body of Individual:"B"Association of persons:"A"HUF="H"Local authority:"L"Govt.="G"judicial artificial person:"j" 2.Fifth field of PAN denotes NAMEIn case of individual: Surname/last name(as given in pan application) for ex. in case of Ram Kumar(individual)5th field will be "K"4th field will be "P"In case of Ram Kumar Gupta(Individual)5th field will be "G"4th field will be "P"In case of All Other Assesees (not confirmed for all the assessee)5th field will be first letter of Name/first Namefor ex : In case of Suresh Jindal (HUF)(confirmed)5th field will be "S"(first letter of First name i.... More About: Structure
SERVICE TAX(COMPLIANCE) AT A GLANCE
2007-11-23 04:05:00 DOWNLOAD SHORT NOTES ON ITAX ASSESSMENT AND SEARCH BY CA AJAY WADAVA AND SERVICE TAX ON RENTING AND WORKS CONTRACT BY CA ROHIT VASVANI GIVEN IN SEMINAR AT BTI NIRC BRANCHDOWNLOAD SERVICE TAX AT A GLANCE PDFDOWNLOAD SERVICE TAX AT A GLANCE EXCELSERVICE TAX E BOOK PDF(250KB)RELATED ARTICLESProcedural issues in Service Tax (NEW)(ALL OLD CIRCULAR WITHDRAWN) GET ONE DAY GRACE ,PAY SERVICE TAX ELECTRONICLY(online)NEW SERVICE TAX CODING,ALL OLD CIRCULARS,CLARIFICATIONS WITHDRAWNKNOW YOUR SERVICE TAX CODEKNOW YOUR SERVICE/EXCISE DEPOSITEDNEW SYSTEM OF SERVICE TAX PAYMENT More About: Compliance , Glance
HOW TO DEPOSITE ONLINE INCOME TAX
2007-11-21 16:11:00 As I have earlier written that income tax payment online would be mandatory from January 1,2008.So one should also interested in how to make e payment of taxes through internet.in my view internet payment is easier than manual payment(deposit in bank branch).The basic advantages are given below.In e payment of taxes ,there is no need to issue a cheque or deposit cash for taxes.No need to download software or purchase income tax challan form.Your Pan /Tan will be verified from income tax database .so less risk for wrong deposit of taxesNo Q,instant receipt of challanchances of uploading wrong data by Bank Employees will reducedand there are other benefit also. Now lets know how to make e payment of tax.you can select one of the two gateways.Start the process from NSDL/INCOME TAX web siteStart the Process From you bank website.presently only six banks are authorize to receive payment through internet for income tax .i.eAxis BankState Bank of IndiaPunjab National BankIndian Overseas ... More About: Income , Online , Income Tax
E-payment of taxes mandatory from January
2007-11-17 14:12:00 E-payment of taxes for corporates and tax-payers coming under the provision of Section 44AB would be mandatory from January 1 next, C R Ravichandran, Chief Commissioner of Income Tax said.so from 1.1.2008 the following persons are liable to deposit Income tax online(e-payment)All CorporateAll persons liable coming under section 44AB of Income Tax Act -1961For e-payment of taxes person should have internet banking in one of the following bank.At present only following banks are authorized to the receive Income tax Payment online.Axis BankState Bank of IndiaPunjab National BankIndian Overseas BankCanara BankIndian BankBank of IndiaCorporation BankState Bank of Bikaner & JaipurState Bank of TravancoreState Bank of IndoreVijaya BankHDFC BankOriental Bank of CommerceState Bank of PatialaIDBI BankUnion Bank of Indiathough its a step in right direction towards complete e-management of taxes .but its unfair for taxpayers at this stage as only above banks are authorize to receive e-payme... More About: Taxes
KNOW DEALERS DETAIL BY TIN (VAT) NUMBER OR BY NAME
2007-11-11 10:48:00 you can know detail of Dealer by entering the TIN (Vat Number ) or by entering First three characters of Dealers name detail is given below.1. Know dealer detail by entering TIN (Vat No) or CST number (ALL OVER INDIA ,state where vat is applicable)Know dealer detail by entering TIN (Vat No) or CST number2.Know detail of Dealer Delhi (by entering TIN,part of Name,Address)3.Know Detail of Dealer PUNJAB (enter part of name or Tin)4.know detail of Dealer MAHARASHTRA(enter name or first few letters of name, Enter CST RC NO. / VAT RC NO. / TIN / TIN APPLICATION NO)5.Know Detail of Dealer ANDHRA PARDESH (enter part of name or Tin)6.KNOW DETAIL OF DEALER BIHAR(ENTER FIRST EIGHT DIGIT OF TIN)7.KNOW DETAIL OF DEALER OF WEST BENGAL [Any of the R.C.Nos under the WB VAT Act, 2003 or C.S.T Act, 1956 may be inserted]8.KNOW DETAIL OF DEALER OF TAMILNADU BY NAME BY TIN OTHER RELATED ARTICLECHECK YOUR INCOME TAX REFUND STATUS ONLINEVERIFY PAN ONLINE FREE(APPLY THROUGH NSDL/UTI/OTHERWISE...
VALUATION RULE CHANGED FOR RENT FREE ACCOMODATION(Reduced)
2007-11-10 11:41:00 CBDT has issued a NOTIFICATION NO. 271/2007, DATED 7-11-2007,vide which rules for valuation of Rent Free /Less rent Accommodation(RFA) has been changed from 1.4.06 means rules are applicable for assessment year 2006-07.These rules are Beneficial to assessee as the valuation rate has been reduced for some categories of employees.These rules are inconformity with amendment made in finance act 2007 and removed the ambiguity regarding valuation of RFA .After this amendment valuation of perquisites in respect of Rfa will be as undervaluation in case of accommodation provided by Center or State Government to employees:License fee determined by the Central Government or any State Government in respect of accommodation in accordance with the rules framed by such Government as reduced by the rent actually paid by the employee.Valuation in case of accommodation provided by other employer:if house owned by employer :(i) 15% of salary in cities having population exceeding 25 lakhs as per 2... More About: For Rent , Accomodation , Rule
HOW CAN I KNOW (PRINT ITR-V) AFTER E FILLING
2007-11-04 03:22:00 I HAVE FILLED MY RETURN THROUGH E FILLING SYSTEM BUT THE CONNECTION OF INTERNET WAS DISCONNECTED BEFORE RECEIVING THE ACKNOWLEDGMENT IN FORM -V. TILL I HAVE NOT RECEIVED RETURN ACKNOWLEDGMENT BUT E FILLING PROCESS HAS BEEN COMPLETED SUCCESSFULLY UPLOADED WITH INCOME TAX DEPARTMENT. HOW CAN I GET MY RETURN ACKNOWLEDGMENT.Sudip ghosh.Ans.First of all i would like to point out here that FORM ITR-V is applicable if return is not digitally signed,if you have digitally signed the return that no need to file ITR-V with dept.I think you have not digitally signed the return ,don't worry ,Income Tax Dept knows very well his sister concerns BSNL ,& has provide the solution for printing of ITR_V in such circumstances ,you can print ITR-V, any time after uploading the Return.So to print/download go to the e filing site of the income tax dept & login yourself and than click drop down menu "My Account"given on top Right hand side corner, there will be following links,under My Account ... More About: Print
NEW ACCOUNTING CODE FOR HIGHER SECONDARY CESS(HSC)
2007-11-03 03:43:00 Earlier dept has issued accounting code for Higher secondary Cess(HSC) as misc receipt or one can say receipt awaiting proper accounting head .Now by circular F.No. 333/31/2007- TRU Government of India,Ministry of Finance,Department of Revenue,Tax Research Unit has issued separate head for HSC i.e also final .Circular has been issued on 10.10.2007 and applicable from that date .So new accounting code for HSC areCUSTOM:HSC main head for deposit:00370068for refunds/drawbacks.......:00370069EXCISE DUTY:HSC main head for deposit:00380115 for refunds/drawbacks.......:00380116SERVICE TAXFOR TAX COLLECTION:00440426FOR OTHER RECEIPTS..:00440427(FOR DELAY INTEREST AND PENALTY)FOR REFUNDS................:00440428DETAIL CIRCULAR CAN BE DOWNLOADED FROM HERE(pdf)DETAIL CIRCULAR CAN BE DOWNLOADED FROM HERE(pdf)DOWNLOAD ALL ACCOUNTING CODE EXCISE DOWNLOAD ALL ACCOUNTING CODE SERVICE TAXOLD/TEMP ACCOUNTING CODE & OLD CIRCULAR FOR YOUR READY REFERENCE IS GIVEN HEREUNDER.service tax :00440252ex... More About: Code , Accounting
HOW TO APPLY NEW PAN ONLINE/OFFLINE & CHANGE/CORRECTION IN PAN DATA
More articles from this author:2007-11-02 04:01:00 Who should apply for PAN?Ans. All existing assessees or taxpayers or persons who are required to file a return of income, even on behalf of others, must have a PAN. Any person, who intends to enter into economic or financial transactions where quoting PAN is mandatory, must also have a PAN.what is the Fees for PAN application?Ans : 60+service tax where can i apply??Ans1. online(tin-nsdl)online (uti)2.through offline tin-fc (search)3.through offline Uti & Their Authorise Agents .(search)FORM 49A(EXCEL 615KB) New PAN Card or/and Change s or Correction in PAN data. Form 49APDF As I have PAN card not interest in pan verification/APPLICATION but Want to know about my taxes ???to view your tax deposited/collected/deducted read this article.Register for form 26as (pan login)Who can apply on behalf of minor, lunatic, idiot, mentally retarded, deceased and wards of court?Ans. Section 160 of IT Act, 1961 provides that a minor, lunatic, idiot, mentally retarded, deceased,... More About: Offline , Data , Online , Rect 1, 2, 3 |
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