In Budget: TDS at 1 pc on sale of non- agricultural land of more than 50 lacs. Tax on royalty and fee for technical services increased from 10% to 25% for non residents.
Extension of date for filing details of central purchases (Form T-2) to 01-04-2013 for GTO of 10 cr and more. For others to be notified. [DVAT Notification of 28-02-2013].
In Budget, there is no change in income-tax and service tax rates. Rs 2000 rebate for income upto 5 L, Rs 1 L additional interest deduction to 1st home buyer upto 25 Lac Loan. Service tax disclosure scheme introduced, CTT introduced.
Penalty proceeding u/s 271(1)(c ) imposed on the basis of that the assessee declared short term gains on the sale of the stock options instead of long term capital gains is not justified. [High Court of Delhi at New Delhi, Jaswinder Singh Ahuja].
One time waiver of interest and penalty and immunity from prosecution to stop-filers, non-filers or non-registrants who pay service tax from October 2007 to December 2012.
XBRL:
For any Query, Clarification and Assistance in XBRL filing and conversion services, kindly contact Asra at 9811081088.
Extension of date for filing details of central purchases (Form T-2) to 01-04-2013 for GTO of 10 cr and more. For others to be notified. [DVAT Notification of 28-02-2013].
In Budget, there is no change in income-tax and service tax rates. Rs 2000 rebate for income upto 5 L, Rs 1 L additional interest deduction to 1st home buyer upto 25 Lac Loan. Service tax disclosure scheme introduced, CTT introduced.
Penalty proceeding u/s 271(1)(c ) imposed on the basis of that the assessee declared short term gains on the sale of the stock options instead of long term capital gains is not justified. [High Court of Delhi at New Delhi, Jaswinder Singh Ahuja].
One time waiver of interest and penalty and immunity from prosecution to stop-filers, non-filers or non-registrants who pay service tax from October 2007 to December 2012.
XBRL:
For any Query, Clarification and Assistance in XBRL filing and conversion services, kindly contact Asra at 9811081088.
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