Saturday, 7 July 2012

NEW SERVICE TAX CODES FOR ALL SERVICES

From 1st july  2012, for all services following codes will be used for depositing the tax.
Any taxable service         -  00441089
Interest                                            -   00441090
Penalty                                             -   00441093

Primary Education Cess on all taxable services will be booked under 00440298 and  secondary and Higher Education Cess on all taxable services will be booked under 00440426; 

๐Ÿ“˜ Section 194T of the Income Tax Act: TDS on Payments to Partners by Firms and LLPs

  The Income Tax Act has introduced a brand-new section – Section 194T – that changes how partnership firms and LLPs deal with payments to ...