Budget 2013- Analysis of Service Tax provisions by BC (5th March’ 2013)
Service Tax Voluntary Compliance Encouragement Scheme, 2013. Recovery of CENVAT Credit wrongly taken. Personal penalty on director of a company through introduction of a new Section 78A. Power to arrest for certain offences introduced through a new Section 91. Download... Read More →
Budget 2013- Analysis of Income Tax provisions by BC (5th March’ 2013)
Amendment in General Anti Avoidance Rule. Return of Income filed without payment of self- assessment tax to be treated as defective return. Taxability of immovable property received for inadequate consideration. Download Now
Budget Synopsis by Blue Consulting (March 19th – 2012)
General Anti-Avoidance Rules (GAAR) introduced whereby an impermissible avoidance arrangement may be disregarded/ tax benefits denied. Threshold limit for tax audit increased from Rs. 60 lacs to Rs. 100 lacs. Download Now
Budget 2012- Analysis of Service Tax provisions by BC (23rd March 2012)
Approach of applicability of service tax on services changed from Positive List to Negative List. Rate of Service tax is being increased from 10% to 12%. Services declared to be taxable to avoid confusion. Changes in abatements rate. Service Recipient... Read More →
Budget 2012- Analysis of Income Tax provisions by BC (22nd March 2012)
Sunset clause for power sector extended. Indirect transfer of assets in India to be taxable. Definition of Royalty enhanced through clarificatory amendment. Advance Pricing Agreement (APA) introduced. New section for TDS on transfer of immovable property. Download Now