Archive for July, 2010

Service Tax Circular:Clarification on provisions introduced vide Finance Act, 2010 (14 of 2010) pertain to service tax issues

Jul-2nd-2010

  D.O.F.No.334/03/2010-TRU New Delhi, dated 1st July 2010             Subject: Issuance of notifications after enactment of the Finance Act, 2010:             The Finance Bill 2010 was enacted on 8th May 2010. Section 76 and 77 of the Finance Act, 2010 (14 of 2010) pertain to service tax issues. Certain new taxable services were introduced and

Registred E-Filier can view their Tax Credit in “My Account” menu at www.incometaxindiaefiling.gov.in

Jul-2nd-2010

  Income tax Department provide the facility to view the tax credit statement (Form 26AS) to the registred E-Filer under the menu of ”My Account” at  www.incometaxindiaefiling.gov.in

SEBI Circular:Account Maintenance Charges collected upfront on annual/ half yearly basis on demat accounts

Jul-2nd-2010

  SEBI on 1st July 2010 issued a circular regarding Account Maintenance Charges collected upfront on annual/ half yearly basis on demat accounts, higlights of the Circular are as follows:  CIR/MRD/DP/ 20 /2010  July 1, 2010 1. The Depository Participants (DPs) have a system of collecting account maintenance charge (AMC) from beneficial owners (BOs) towards maintenance of

Accounting Codes for the taxable services introduced vide the Finance (No.14) Act, 2010

Jul-1st-2010

Circular No.124/6 /2010-TRU  29th June, 2010 Subject: Accounting Codes for the taxable services introduced vide the Finance (No.14) Act, 2010 — regarding.           Heads of Account under the Major Head “0044-Service Tax” in respect of the new taxable services have been allotted by the Office of the Principal Chief Controller of Accounts, CBEC. 2. Accounting