Daily Archive: Friday, April 1, 2016

Discontinuation of physical pre-printed NSC and KVP certificates by e-mode

Author: | Categories: NSC KVP No comments
F.No. 1/04/2016-NS.II Government of India Ministry of Finance Department of Economic Affairs (Budget Division) North Block, New Delhi Dated: 1st April, 2016 OFFICE MEMORANDUM Subject: Discontinuation of physical pre-printed NSC and KVP certificates- reg. The undersigned is directed to refer to this Department’s OM of even number dated 23rd

 

Gold Monetisation Scheme Liberalized to make it more attractive for potential depositors

Author: | Categories: Gold Monetisation Scheme No comments
Gold Monetisation Scheme Liberalized to make it more attractive for potential depositors. Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of modifications have been made in the scheme to facilitate monetization of gold by people. The scheme has been further modified on

 

Step-wise guide on installation procedure of Startup India mobile application

Author: | Categories: Start-ups No comments
Step-wise guide on installation procedure of Startup India mobile application Step-1 Check your mobile Android version In your mobile Go to settings -> System -> About device -> Software info Video Tutorial Step-2-Download Application Download the Mobile App file depending on what version of Android you have: Mobile App

 

Delhi High Court also Stays Service Tax on Senior Advocates

Author: | Categories: Service Tax No comments
Two days after the Gujarat High Court stayed service tax on senior advocates, today, a division bench of the Delhi High Court comprising of Justice S. Muralidhar and RK Gaub also stayed the withdrawal of service tax exemption to Senior Advocates. The Delhi High Court stayed provisions of Notification Nos. 18/2016-ST and 9/2016–ST

 

CBDT-Request to taxpayers to avail facility for online rectification

Author: | Categories: Income Tax No comments
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st April, 2016 Sub: Request to taxpayers to avail facility for online rectification – regarding Income-tax Act provides the taxpayer with an option to seek rectification of mistakes apparent from record

 

Point of Taxation where there is change in liability, service has been provided and invoice issued but payment not received. POT is date of issue of invoice

Author: | Categories: Service Tax No comments
As per Rule 3 of Point of taxation Rules (PoT), 2011 ,  determination of point of taxation is the time when the invoice for the service provided or agreed to be provided is issued. CBDT has vide notification 21/2016 has amended Rule 7 to provide for POT in cases of change

 

Service Tax on Senior Advocates stayed by Gujarat High Court

The Union Budget 2016-17 has proposed withdrawal of the service tax exemption to senior advocates in relation to services provided to other advocates or partnership law firms. Accordingly Service Tax Notification 18/2016 and Notification No. 09/2016 had been issued. The said withdrawal of exemption to senior advocates was challenged in the