First Discussion Paper On Goods and Services Tax In IndiaThe Empowered Committee Of State Finance Ministers, New DelhiNovember 10 , 2009 November 10 , 2009 Foreword If the Value Added Tax (VAT) is considered to bea major improvement over the pre-existing Centralexcise duty at the national level and the sales tax systemat the State level,…Details
Accounting Education and Development Society (AEDS) has promoted the accounting and financial management studies and in a step forward has announced the scholarship for the meritorious students of accounting profession. To start with the SOCIETY has launched the first scholarship scheme sponsored by a family of Chartered Accountants.
AEDS is promoting this scheme where in the funds have been provided by the Chartered Accountants Firm in their bid to promote accounting and financial management education and profession.Details
As cinema theaters owner, are we liable to pay Service Tax on screening of film?
The cost to a service recipient has increased in recent past on account of the tax burden which is passed on to the end-user. In a country where more than half the population is cinema crazy, passing on the burden of Service Tax on the cinemagoers is not an issue that can be ignored. With the increase in demand of small screens or mini theaters throughout the country, the number of screens has increased multifold.
After the multiplex boom, mini theaters are on a rise in two tire and three tire cities. The question that as to whether the activity of screening of film supplied by a film distributor would fall under any of the taxable services and accordingly, whether the theater owners are required to pay service tax on amount received by them from distributors has opened a Pandora box of possibilities of taxing such services. Divergent views have been expressed on this issue.Details
I am directed to bring to your notice on the subject of issue of certificates under Section 197. Instruction No- 8/2006 dated 13.10.2006, was issued stating that 197 certificates for lower deduction or nil deduction of TDS u/s 197 are not to be issued indiscriminately and for issue of each certificate, approval of the JCI/Add.…Details
This is a test.
“I think there is something, more important than believing: Action! The world is full of dreamers, there aren’t enough who will move ahead and begin to take concrete steps to actualize their vision.”
-W. Clement Stone
“A man can be as great as he wants to be. If you believe in yourself and have the courage, the determination, the dedication, the competitive drive and if you are willing to sacrifice the little things in life and pay the price for the things that are worthwhile, it can be done.”
“I have long since come to believe that people never mean half of what they say, and that it is best to disregard their talk and judge only their actions.”
– Dorothy Day
This page is under construction. Please check it back later.
To completely remove an Article, select the Articles that you want to delete and move them to the Trash. Next, open the Article Trash in the Content Menu and select the Articles you want to delete. After deleting an Article, it is no longer available as it has been deleted from the database and it…Details