STI NEWS;Save Interest u/s 234C ,Declare Income to employer for TDS” plus 1 more

STI NEWS;Save Interest u/s 234C ,Declare Income to employer for TDS” plus 1 more


Save Interest u/s 234C ,Declare Income to employer for TDS

Posted: 27 Mar 2011 05:59 AM PDT


Few days are left for Financial year 2010-11 closing. Everybody is busy in year ending adjustments .Few of them finalizing tax saving investments .Employers are also busy in completing TDS calculation of salaried persons after considering investment proof submitted by employee and other income offered by the employee. Employee can offer Income from other Heads to employer: As per Income Tax...

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SERVICE TAX ON DUE BASIS RULE NOW APPLICABLE FROM 01.07.2011

Posted: 27 Mar 2011 05:41 AM PDT


 Point of taxation Rules are due to come into force from April 1, 2011 and are meant to shift the payment of service tax from only cash basis towards accrual basis. The changes are essential to align the system of payment of taxes between goods and services. Many taxpayers have expressed concerns about some provisions and also sought some time for the switchover on account of changes required in...

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