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CAG scanner on actors for service tax anomalies

Saturday, August 5, 2017, 12:34 PM

CAG scanner on actors for service tax anomalies

A number of Bollywood stars are under the scrutiny of CAG which has detected at least 156 cases of non-compliance of rules and short payment of service tax, with revenue implication of more than Rs.50 crore. A CAG report, tabled in Parliament, has pointed out anomalies in a collection of service tax from actors Salman Khan, Ranbir Kapoor, Ajay Devgn, Riteish Deshmukh and Arjun Rampal.
#Service Tax #Celebrity

News

 
GST to be best achievement of Narendra Modi government, says Assocham

Monday, May 22, 2017, 12:22 PM

GST to be best achievement of Narendra Modi government, says Assocham

Progress towards realising the pan-India single tax system, the Goods and Services Tax (GST), will be the biggest achievement of the Narendra Modi-led government, industry organisation Assocham said on Sunday. As the NDA government completes three years in office, besides the GST that was nearing a roll-out, its other achievements on the economic front would be financial inclusion, digitisation and public investment on infrastructure.
#Service Tax #GST #Economy

News

 
Hong Kong, China regulators approve bond trading link

Wednesday, May 17, 2017, 3:27 PM

Hong Kong, China regulators approve bond trading link

In another step to open up China's capital markets, Hong Kong and Chinese regulators formally approved a long-awaited scheme to connect China's $9 trillion bond market with overseas investors. The so-called Bond Connect program has been in the works since Beijing launched a similar scheme connecting Hong Kong and Shanghai stock markets in 2014.
#Service Tax #Economy

News

 
Trump Paid $38 Million Tax on $150 Million Income

Wednesday, March 15, 2017, 7:51 AM

Trump Paid $38 Million Tax on $150 Million Income

President Donald Trump made $150 million and paid $38 million in taxes -- apparently in 2005. That would give the president an effective tax rate of about 25.3 percent for that tax year. While the statement didn’t specify the tax year. the network "desperate for ratings" for being willing to violate the law by releasing Trump’s returns.
#Service Tax #Union Government

News

 
Demonetisation, GST to make economy more efficient, compliant

Wednesday, March 15, 2017, 7:22 AM

Demonetisation, GST to make economy more efficient, compliant

Going forward, demonetization along with the Goods and Services Tax (GST) will make the economy more efficient and compliant, Reliance Mutual Fund’s CIO (Equity Invest) Sunil Singhania said on Tuesday. “Demonetization brings a lot of efficiencies in the system and moves sales from unorganized to organised platform, reduces evasion. Going forward, along with the GST, we will have more efficient and compliant economy.
#Service Tax #Demonetization

News

 
Kumar Mangalam Birla could head Vodafone and Idea Combine

Thursday, February 9, 2017, 12:42 PM

Kumar Mangalam Birla could head Vodafone and Idea Combine

Chairman of Aditya Birla Group, Kumar Mangalam Birla, could be appointed the chairman of the new telecom entity, created out of the proposed merger between Idea Cellular and Vodafone India. Both Companies are in discussion to form a joint business, in an all-share deal. This would create a stronger telco, able to take on market leader Bharti Airtel and new entrant, Reliance Jio Infocomm.
#Service Tax

News

 
Sania Mirza Summoned For Alleged Service Tax Evasion

Thursday, February 9, 2017, 12:28 PM

Sania Mirza Summoned For Alleged Service Tax Evasion

The service tax department has summoned tennis player Sania Mirza, for alleged evasion of service tax. The summons were issued by the Principal Commissioner of service tax office in Hyderabad to Sania Mirza, on February 6th. She has to appear in person or through an authorized agent on February 16th.
#Service Tax

News

 
Government Will Waive Service Tax On Card Transactions

Thursday, December 8, 2016, 2:16 PM

Government Will Waive Service Tax On Card Transactions

The Government wants to promote digital transactions after the withdrawal of old 500 and 1000 rupee notes. The Government will waive service tax on credit and debit cards transactions up to INR 2000 crores. After demonetization, long queues are seen at ATMs and banks, as citizens withdraw new currency. The Government wants to promote digital transactions and make India a cashless economy.

#Service Tax

Article

 

26 February 2016, Friday

Will the Union Budget 2016 have some benefits for Insurance buyers?

There is a famous saying “Do Not Step Outside Your Home Without Insurance”. There are no ...
#Service Tax #Section 80c #Life insurance plans #Term insurance plans #Tax Saving FD #TDS #FD #Union Budget 2016 #Tax Deductions

Article

 

02 March 2013, Saturday

Highlights of Union Budget 2013-14

The Union Budget for 2013-14 aims at 'higher growth leading to inclusive and sustainable development.' With this as mool mantra, the Union F ...
#Service Tax #Union Budget #Budget #customs duty #Direct Taxes
2 Pages, 20 Records
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