STI NEWS;Nil TDS on Transporter and others to be reported in ETDS quarterly returns” plus 2 more

STI NEWS;Nil TDS on Transporter and others to be reported in ETDS quarterly returns” plus 2 more

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• Nil TDS on Transporter and others to be reported in ETDS quarterly returns
• Continues services Under Point of Taxation rule in service tax
• UNION BANK CUSTOMERS CAN PAY INCOME TAX THROUGH ATMS

Nil TDS on Transporter and others to be reported in ETDS quarterly returns Posted: 04 Apr 2011 09:32 AM PDT As per Income tax act section 194C , Tds is not required to be deducted on payments made to transporter if Pan number has been provided to deductor . Further as per section 197 of Income tax act ,Assessing Officer can issue a Nil rate certificate to parties under specified section on application on form 13 with  prescribed details and if such parties produce "Nil " rate certificate to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Continues services Under Point of Taxation rule in service tax Posted: 04 Apr 2011 08:54 AM PDT CBEC has notified service fall under continues service category for Point of taxation rule under service tax vide his Notification number 28/2011 dated 01.04.2011.These service are given below (zzq) :Commercial or industrial construction. zzzh  :Construction of complex (zzzx): by the telegraph authority in relation to telecommunication service,  (zzzu) :in relation to internet... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

UNION BANK CUSTOMERS CAN PAY INCOME TAX THROUGH ATMS Posted: 04 Apr 2011 06:41 AM PDT Union Bank of India (UBI) customers can now pay their income tax through the automated teller machines (ATMs) of the bank. This unique facility was launched at the hands of the Minister of State for Finance, Mr Namo Narain Meena. The launch of this facility is yet another fulfilment of the brand promise of the Bank to provide choice of channel to customers for undertaking various transactions,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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