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AMIT BAJAJ ADVOCATE

A blog for my Personal views on interpretaion and updates on taxation laws.

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AMIT BAJAJ ADVOCATE | blog.amitbajajadvocate.com Reviews
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AMIT BAJAJ ADVOCATE | blog.amitbajajadvocate.com Reviews

https://blog.amitbajajadvocate.com

A blog for my Personal views on interpretaion and updates on taxation laws.

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1

AMIT BAJAJ ADVOCATE: Punjab VAT-Rate of tax on iron and steel enhanced to 3.5%

http://blog.amitbajajadvocate.com/2015/03/punjab-vat-rate-of-tax-on-iron-and.html

A blog for my Personal views on interpretaion and updates on taxation laws. Punjab VAT-Rate of tax on iron and steel enhanced to 3.5%. Punjab Government has enhanced rate of tax on iron and steel goods. As enumerated in clause-iv of Section 14 of Central Sales Tax Act, 1956 except Non-Cenvat paid lron and Steel Scrap from 2.5% to 3.5%. After adding surcharge of 10% u/s 8-B of Punjab VAT Act 2005 the effective rate is now 3.85%. Similarly rate of tax on. Rate of tax on. 1 In the said Schedule 'B' , -.

2

AMIT BAJAJ ADVOCATE: Mere cash deposits of more than 10 lakhs cannot be a reason to reassessment

http://blog.amitbajajadvocate.com/2015/01/mere-cash-deposits-of-more-than-10.html

A blog for my Personal views on interpretaion and updates on taxation laws. Mere cash deposits of more than 10 lakhs cannot be a reason to reassessment. Income Tax case laws. The assessee had deposited cash in excess of Rs 10 lakhs in his saving bank account but he had not filed return of income. The AO reopened the assessment of assessee, as he had reason to believe that there was an escapement of income of Rs 10 lakhs. The instant appeal was filed against validity of reassessment proceedings. Merely be...

3

AMIT BAJAJ ADVOCATE: Due date of efiling of VAT return for Q3 of 2014-15 extended

http://blog.amitbajajadvocate.com/2015/01/due-date-of-efiling-of-vat-return-for.html

A blog for my Personal views on interpretaion and updates on taxation laws. Due date of efiling of VAT return for Q3 of 2014-15 extended. DEPARTMENT OF EXCISE and TAXATION. KIND ATTENTION: DEALERS/CHARTERED ACCOUNTANTS/LAWYERS/OTHER STAKEHOLDERS. This is to inform all the concerned that the last date of e-filing of VAT-15 for the 3rd Quarter of 2014-15 has been extended till 5 th February, 2015. Dated: 29th January, 2014. Excise and Taxation Commissioner, Punjab. Posted by AMIT BAJAJ. Income Tax case laws.

4

AMIT BAJAJ ADVOCATE: Proposed Amendments in TDS/TCS provisions-Budget, 2015

http://blog.amitbajajadvocate.com/2015/03/proposed-amendments-in-tdstcs.html

A blog for my Personal views on interpretaion and updates on taxation laws. Proposed Amendments in TDS/TCS provisions-Budget, 2015. Finance Bill, 2015 proposes to exempt notified deductors and collectors from the requirement of obtaining PAN. Such amendment is proposed to take effect from June 1, 2015. The current exemption fromTDS on payments of interest to members by a co-operative society will be withdrawn in respect payment of interest by co-operative banks to its members. The deduction of tax under ...

5

AMIT BAJAJ ADVOCATE: Interest earned from Recurring Deposit also subject to TDS

http://blog.amitbajajadvocate.com/2015/03/interest-earned-from-recurring-deposit.html

A blog for my Personal views on interpretaion and updates on taxation laws. Interest earned from Recurring Deposit also subject to TDS. The Finance Bill, 2015 has proposed to amend section 194-A of Income Tax Act, 1961 so as to levy TDS on recurring deposits as well. It is notable here that earlier TDS was applicable only on the interest earned in Fixed Deposits with the banks. Now interest earned from Recurring deposits will also be subject to TDS. Posted by AMIT BAJAJ. Mar 3, 2015, 10:58:00 PM. Will th...

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