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Saturday 17 September 2016

TN VAT - Manual C & F forms

TN VAT act 2006,

MANUAL C AND F FORM IS TIME EXTED UP TO 31-03-2017

for further details visit : TNVAT

Friday 9 September 2016

CBDT Extends due date for filing of Tax Audit


Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

New Delhi,

9th September, 2016

Press Release

Sub :- CBDT Extends due date for filing of Income Tax Returns  – reg

The due date for filing of Income tax returns by tax payers whose accounts are  required to be  audited under the  Income Tax Act is  the  30th September of the  following year.  The tax payers whose business  receipts exceed Rupees One Crore  or  professional receipts  exceed Rupees twenty -five Lakh during the previous year 2015-16 are required to file an Income Tax return accompanied by an audit report by the above mentioned due date. However, taking into consideration that the last date for making declarations  under the Income Declaration Scheme 2016 is also  30th September, 2016 , the  Central Board of Direct Taxes has decided to extend the last date for such returns which were due on  30th  September, 2016 to 17th  October, 2016 in order to remove inconvenience and to facilitate ease of compliance.

(Meenakshi J Goswami)
Commissioner of Income Tax
(Media and Technical Policy)
Official Spokesperson, CBDT.

Wednesday 7 September 2016

Service Tax Exemption on renting of precincts of a religious place




GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 40/2016-Service Tax
New Delhi, the 6th September, 2016

GSR__(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 25/2012-Service Tax, dated the 20th June, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub­section (i) vide number G.S.R. 467 (E), dated the 20th June, 2012, namely:-

In the said notification, in the opening paragraph, in entry 5, for clause (a), the following clause shall be substituted, namely:-

“(a) renting of precincts of a religious place meant for general public, owned or managed by an entity registered as a charitable or religious trust under section 12AA of the Income-tax Act, 1961(hereinafter referred to as the Income-tax Act), or a trust or an institution registered under sub clause (v) of clause (23C) of section 10 of the Income-tax Act or a body or an authority covered under clause (23BBA) of section 10 of the Income-tax Act; or”

[F. No.3354/45/2016 -TRU]
(Anurag Sehgal)
Under Secretary to the Government of India

Note:-The principal notification was published in the Gazette of India, Extraordinary by notification No. 25/2012 – Service Tax, dated the 20th June, 2012, vide number G.S.R. 467 (E), dated the 20th June, 2012 and last amended by notification No.39/2016 – Service Tax, dated the 2nd September, 2016 vide number G.S.R. 850(E), dated the 2nd September, 2016.