John McCAIN“We have enemies for whom no attack is too cruel...”
Barack OBAMA“You know, my faith is one that admits some doubt...”
Importance Of Notes On Accounts In The Context Of Computation Of Income For Mat »
T. N. Pandey 1. Section 115JB of the Income-tax Act, 1961 provides for levy of Minimum Alternate Tax (MAT) in case of what are popularly referred to as Zero tax companies. Uptill the assessment year 2006-07, levy of MAT was governed by section 115JA of the Act. From the next year, section 115JA has been replaced [...]
Major Changes In Indirect Taxes »
V. S. Datey
1. Budget 2009 was presented before Parliament on 6-7-2009. The major changes in indirect taxes are summarised below:
2.1-No change in existing rate of service tax - Existing rate of service tax of 10 per cent continues unchanged.
2.2 -New services and expansion of some services - Four new services are proposed to be [...]
Service Tax – Budget Highlights 2009 »
Monarch Bhatt-
The glimpse of service tax proposals forms the subject- matter of this article.
Nothing is certain but death and Tax- Benjamin Franklin
1. Economy may be good or bad, there may be any progress or not, there may be development or not, but imposition and leviability of taxes is certain for the growth of the [...]