Monday, 13 March 2017

Amendments regarding Educational Institutions under Mega Exemption Notification No 25/2012-Service Tax

Central Government vide Notification No. 10/2017-Service Tax, dated: March 08, 2017has amended the clause 9(b) of Mega Exemption Notification No. 25/2012 where by restricting the scope of exemptions.   

Saturday, 4 March 2017

CBDT to issue legal notice to those who haven’t responded to cash deposit verifications

The Govt. had demonetized Rs500 and Rs1,000 notes on 8 November 2016.
Taxpayers were required to deposit the demonetized note till 30 December 2017 in their bank accounts. 

Central Board of Direct taxes (CBDT) had sent emails and text messages to around 1.8 million taxpayers whose cash deposits looks suspicious.
They were given time till 10 February 2017 to submit their response online; this was later extended to 15 February 2017. 

Now Recover Your Bad Debts with Ease: IBC a boon to Industry.

If we take a look at current business scenario in India, more than 90% of the payments are made with delay. Few of the scenarios are as un...