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Articles about Service tax (0-50 of 10638)
Tips For 2011 Tax Service By: cul5s083be | - The holiday madness is upon us. But, between shopping and holiday party planning, taxpayers can still take steps to save on their 2011 taxes. There are a few last-minutes opportunities to consider by December 31. For guidance we turned to Frank Degen, a self-employed practitioner in Setauket, Long Island. He has been an Enrolled Agent since 1984. You probably recognize his name. He's answered Marketplace Money tax questions for us, including last April. Here are his suggestions:
Service tax is levied on the notified services by the Central Government. The rate of Service Tax is currently 10 per cent. However, the Service Tax rate is scheduled to increase to 12 per cent with the enactment of the Finance Bill, 200G. Education cess at 2 per cent is levied on the Service Tax. The effective rate of Service Tax works out to 10.2%, which would increase to 12.24%.
Exclusive Law Firms And Lawyers Directory For Your Desired Legal Query By: satish | -
The law firms in india are among the best firms which are best at providing the legal advisory services with both domestic clients as well to the international clients at very affordable and cheap prices. The law firms in India have very well educated and highly qualified advisors which can help you quickly and gives you an assurance of satisfaction. These law institutions deals with the problems like legal matters, intellectual property matters, and taxation problems, personal and profes ... Tags:law firms in india, service tax registration, law firms dire
Four Suggestionsfor Finding A Tax Preparation Company By: Art Gib | - Recently a TV show of a small claims court featured a claim of a stolen tax refund. As the judge ferreted out the information, it came to light that the person who was contracted to prepare the return was not a licensed accountant. Rather, she was an individual who claimed to know about how to file and offered to help. She didn't even have a business license, business store, or website to indicate she was a professional.
San Francisco Bankruptcy Lawyer - California Tax Law Attorney By: Thomas Hogan | - A lot of debt? Thinking about using a bankruptcy service? You might like to reconsider what sort of service to use. Your finances aren't something you should take lightly or get a do it yourself kit for. Now you have an important improvement in your life as well as serious thought. You will need to consider and know all the options that's why you require the advice of any good bankruptcy lawyer. Needing to declare bankruptcy are few things to be ashamed of, people have money problems every once ... Tags:Bankruptcy Lawyer, Bankruptcy Service, Tax Law, Attorney
Las Vegas Accountant - Tax Services By: SAB CPA | - As a Las Vegas accountant, one of the things that I get asked a lot is, "What should you ask an accountant in Las Vegas if you are considering hiring one?". One of the most important things is there licensing (their credentials, exactly what they have other licenses in). You should contact their state board of CPAs and the American Institute of accountants to see whether or not there has been any disciplinary actions put against them, and also check out their licenses - they usually ... Tags:las vegas, accountant, accounting service, tax preparation
How To Save Service Tax In India By: Yash | - Service tax is tax that is levied by service providers in India; however, Jammu and Kashmir is not included in the list of states. This tax is applicable on service providers having annual revenue of above 8 lakhs. What service tax does is, encourages smaller service providers into the market. Central Board of Excise and Customs (CBEC) is responsible for collecting the service tax.
The Ins And Outs Of Service Tax By: Pooja Infobase | - Service tax is a type of indirect tax, which is pertinent to the services that are taxable. This levy came into effect as the Central Government looked for a simple option that is clear in nature and can create revenue for the country in a simple manner. It was launched in India in 1994 according to Chapter V of the Finance Act, 1994.
Pay The Irs Before You Decide To Pay Off Banking Institutions To Stay Away From Irs Tax Liability By: patrick jacobson | - Up to your head in Debt? Desperately in need of assistance to work on resolving your tax debt problems? Many are obligated to repay both the Internal Revenue Service together with other loan companies as soon as they get behind, what should they do? Who do you pay off 1st? Answers to those questions and more are answered at length in these tax articles.
It Is Challenging To Avoid Tax Penalties Without Having Irs Tax Assistance For Penalty Abatement By: S. Hanson | - If you owe an IRS Tax Debt, you owe IRS Penalties automatically, this way it is safe to say you are not by yourself in your path pertaining to Penalty Abatement or ways to End Tax Penalties. You're among a great deal of Americans who may have exactly the same problem. There is an answer to Penalty Abatement Issues, numerous Internal Revenue Service Tax Guidance solutions really exist to stop Tax Penalties? The very best Internal Revenue Service Tax Assistance Program employed to Prevent Tax Pena ... Tags:Penalty Abatement, Internal Revenue Service Tax Help, Stop T
Can Petroleum Products Forms Part Of Gst?? By: lawcrux | - In our previous article we discussed about the Orissas demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). That Orissa came out with a demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). If it is included in the GST list, the effective rate would be 12 per cent, as both state GST and Central GST would be levied at six per cent each on coal. And Our Finance Minister, Mr Pranab Mukherjee is now looking forward to roll out the Goods a ... Tags:GST, Petroleum Products, custom duty, service tax, tax services, indirect tax, service tax and central excise, Tax Solutions, Tax laws
It Is Difficult To Prevent Tax Penalties Without Having Irs Tax Guidance For Penalty Abatement By: 1099TaxDebt | - When you are facing penalties from the Internal Revenue Service because you fell behind on your taxes, you are not alone. You're among tons of taxpayers who may have exactly the same situation. There may be hope for Penalty Abatement Difficulties, lots of IRS Tax Assistance options exist to prevent Tax Penalties? The very best Internal Revenue Service Tax Guidance Program used to End Tax Penalties is called "Penalty Abatement".
Pay Off Irs Debt And Get Irs Tax Help To Fix Irs Tax Concerns By: 1099TaxDebt | - Seek specialized Internal Revenue Service Tax Support to Pay Internal Revenue Service Debt 100 % if you prefer a for sure fix to your IRS Tax Troubles. There are many solutions to pay IRS Debt and correct IRS Tax Issues, and right now there are several IRS Tax Assistance companies out there. It's not easy to discover the best choice with either alternative to take care of IRS Tax Difficulties. This information can help you decide what the best Internal Revenue Service Tax Advice is for you to co ... Tags:Internal Revenue Service Tax Troubles, Pay Internal Revenue
Corporate Tax - A Legal Obligation Of A Company To The State By: alona Rudnitsky | - A company accountant is held responsible for the proper payment of taxes due the State. This makes the function of this accountable officer very crucial and vital. Any mistake in the payment of corporate tax will redound to the business - severe penalty may be imposed on any erring company.
Home Based Tax Preparation Business - Taking It To The Next Level By: Joe R | - Many entrepreneurs get their start in the tax preparation business by working out of their home and/or offering mobile or drop off tax services. While this is a very affordable way to get your foot in the door of an appealing industry, many business owners that opt for this home business option have a tough time getting their tax business to the next level.
It is difficult to get over the 100 return mark when you are working out of your home. It commonly presents barriers to acquiring new ... Tags:Home tax business, tax service, tax preparation business
5 Questions You Must Ask Before Hiring A Tax Preparation Service By: Wayne Davies | - Before you hire someone to prepare your tax returns, you want to conduct an interview and ask several important questions. The answers to these questions will determine whether this tax preparation business is qualified to provide the services you need.
1. How long have you been doing tax returns?
If it's less than three years, you may be dealing with someone who really doesn't have enough experience. You want a tax professional who's been around the block a few times. Tax l ... Tags:tax preparation, tax preparation service, tax return, income tax prepration, tax preparer
How To Find The Right Tax Preparation Service For You By: Wayne Davies | - What should you look for in a tax preparation service? Since there are so many tax preparers to choose from, it only makes sense that you know what you need before making a decision.
Here are three essential qualities that any reliable tax preparation business will have:
Gst Scheme: Exemptions By: Namita | - The prevalent indirect tax structure in India has a number of exemptions. At central level, 330 exemptions are allowed under CENVAT. These exemptions to service providers and manufacturers depend on the fulfillment of various conditions which are specific to each exemption. Around 99 items are presently exempted under VAT. Individual states can expand this list even for the goods of local importance. It is not possible for the provider of exempt services or manufacturers of exempt goods to avail ... Tags:gst, service tax, indirect tax, goods and service tax
Tax Consultants For Individual And Corporate Tax Payers By: alona Rudnitsky | - The role of accountants does not cease on the preparation of financial documents. They also perform the task of making sure the company complies with all government taxation rules. Accountants are tax consultants. Tax-handling can be divided into two - the individual and the corporate. We are aware that the assets and liabilities of an individual is distinct and separate from the assets and liabilities of his corporate company. A corporation is a juridical entity so it is separated from the indi ... Tags:accounting services, bookkeeping services, accountant Montreal, accounting service, tax accounting
The Role Of Accountants In Any Business Establishment By: alona Rudnitsky | - The role of accountants in any business enterprise is indeed magnanimous. A business can determine all of its financial standing through the documents that the accountants prepare. Since financial position is very vital to the profitability of any firm, then the choice of the company accountants is crucial decision for management. Accounting is corollary to presenting the different aspects of monetary areas in any company - accounting of cash inflow and cash out flow, accounting of income and ex ... Tags:: accounting services, bookkeeping services, accountant Montreal, accounting service, tax accounting
Gst And Economic Growth By: Namita | - To make India as a financial super power, the introduction of GST is must. There are much apprehension relating to proposed GST regime regarding the growth in Indian Economy and its effects thereof. As we know in India economy, destination based taxation requires high compliance cost and efficient administration.
Taxation both direct and indirect plays an important role in promoting economic growth as well as equitable distribution. As we are facing the cascading system of indirect taxes ... Tags:gst, goods and servise tax, taxes, service tax, tax services
A Comparative View On Goods And Services Tax By: Namita | - This comparison is based on the recommendations of the First Discussion Paper produced by the Empowered committee of states finance ministers (hereafter referred as EC) and the Report of the Task Force on GST constituted by the Thirteenth Finance commission.
Before going on discussion we should define GST and the Objective behind it.
Role Of Accountants By: alona Rudnitsky | - The role of accountants does not cease on the preparation of financial documents. They also perform the task of making sure the company complies with all government taxation rules. Accountants are tax consultants. Tax-handling can be divided into two - the individual and the corporate. We are aware that the assets and liabilities of an individual is distinct and separate from the assets and liabilities of his corporate company. A corporation is a juridical entity so it is separated from the indi ... Tags:accounting services, bookkeeping services, accountant Montreal, accounting service, tax accounting
Accountants In Any Business By: alona Rudnitsky | - The role of accountants in any business enterprise is indeed magnanimous. A business can determine all of its financial standing through the documents that the accountants prepare. Since financial position is very vital to the profitability of any firm, then the choice of the company accountants is crucial decision for management. Accounting is corollary to presenting the different aspects of monetary areas in any company - accounting of cash inflow and cash out flow, accounting of income and ex ... Tags:accounting services, bookkeeping services, accountant Montreal, accounting service, tax accounting
Significance Of A Tax Consultant By: alona Rudnitsky | - A tax consulatant is also known as an advisor because with their training in law and the accounting process, they can advise you on multiple thing; how to maximize you refund and deal with your taxes/cash flow It is not a very easy task to file your taxes. You need to appoint the services of the consultants. This article will tell you about the significance of a tax consultant.
Efficient Tax Planning By: alona Rudnitsky | - Business tax planning is actually denoted to end the process of meeting the terms with tax obligations. Having said that, exact and timely dealing out of your tax returns perceptibly a vital step in understanding the result tax planning, and there are still things to do to assist decrease its offered and potential income tax bite. This article will tell you about necessity of tax planning.
Tax On High-value Health Plans Gains Momentum By: Jarrod Mejiza | -
Tax on High-Value Health Plans Gains Momentum After Obama Speech
By Brett Ferguson and Heather M. Rothman
Publication date: 09/11/2009
Senate Finance Committee Chairman Max Baucuss (D-Mont.) proposal to impose an excise tax on high-value health insurance plans gained momentum Sept. 10 after President Obama endorsed the concept in a speech to the nation.
Obama, speaking to a joint session of Congress Sept. 9, said he wants to see a $900 billion health care reform ... Tags:IRS, Internal Revenue Service, Tax Lien, Levy, Settlement, Debt
Crackdown On Tax Fraud Leads To Tax Return Preparers E-filing Your Tax Return By: Jarrod Mejiza | - Tax return preparers will have to pay attention to an amendment added in the Senate version of the Worker, Homeownership, and Business Assistance Act of 2009, which extended the First Time Homeowner Credit and unemployment benefits, because beginning in 2010, this amendment will require tax return preparers to file any individual tax return electronically unless the preparer expects to file fewer than 10 returns in a calendar year. This means that individual tax return preparers will be required ... Tags:IRS, Internal Revenue Service, Tax Lien, Levy, Settlement, Debt
For executives who have been deferring parts of their compensation, 2010 may be the time to rake in their winnings. While its rarely advantageous to pay taxes sooner rather than later, the likely expiration of former President Bushs tax cuts at the end of next year could make doing so a relative bargain. The top individual tax rate is scheduled to increase in 2011 from 35% to 39.6%, as it was in 2001 prior to the cuts. While Co ... Tags:IRS, Internal Revenue Service, Tax Lien, Levy, Settlem
House Democrats are funding their new entitlement with a 5.4% surtax on incomes above $500,000 for individuals and above $1 million for joint filers. The surcharge is intended to snag the greatest number of taxpayers to raise some $460.5 billion, and so the House has written it to apply to modified adjusted gross income. That means it includes both c ... Tags:IRS, Internal Revenue Service, Tax Lien, Levy, Settlement,
Tax Tip On The Gift Tax: Use It Or Lose It By: Mary Beth Franklin | -
One of the least-understood tax rules is the federal gift tax. Gift taxes are paid by the grantor, not the recipient. But taxes are seldom owed, even on substantial gifts, because everyone gets a credit that exempts up to $1 million of taxable gifts over your lifetime.
Still, you must keep track of your largess and file a gift-tax return Form 709 for any gift to an individual that exceeds the annual gift exclusion, which is $13,000 this year. You can give $13,000 eac ... Tags:IRS, Internal Revenue Service, Tax Lien, Levy, Settlement
The entire world is gradually drifting towards one global market without any trade barriers between the countries. A small organization led by few partners cannot think of growth on large scale without corporatising itself. Limited Liability Partnership (LLP) is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP Act provides the legal framework for conversion of existing ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax.
This article makes a comprehensive analysis of the decision of the High Court in Kerala Non-banking Finance Companies Welfare Association v. Union of India [2009] 20 STT 1, wherein a recent issue as to : whether charging of service tax on banking and other financial services which include equipment leasing and hire-purchase, is unconstitutional, has been considered.
The Direct Taxes Code Bill, 2009 is silent on the tax treatment of reverse mortgage. The author opines that having regard to the nature of the transaction, the position which prevails under the Income-tax Act, 1961 will continue under the Code also. However, it is desirable that express provisions be incorporated.
1. Under section 47(xvi) of the Income-tax Act, 1961 (the Act), any transfer of a capital asset in a transaction of reverse mortgage under ... Tags:Company Laws, Foreign Exchange, Service tax
In a vastly populated developing nation, the parallel role of NGOs in public welfare is indispensable. The Income-tax Act, 1961 has recognized the importance of the very concept of charity in the Indian society. The income derived by charitable institutions is exempt under section 10 or section 11. This article discusses certain issues arising out of section 11, which provides exemption to income derived from property held under trust for charitable or religious pu ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax.
Whenever the foreign exchange is acquired and remitted, the proof of import by way of exchange control copy of bill of entry needs to be submitted to the authorised dealer. Non-submission of the proof of imports would invite action against the importer and the Enforcement Directorate can initiate proceedings under the erstwhile Foreign Exchange Regulation Act or under the current Foreign Exchange Management Act. There could be occasions when the importer may not be ab ... Tags:Company Laws, Foreign Exchange, Service tax, indian taxes.
This article deals with the taxation of import of services in India and evaluation of levy of service tax in the light of some relevant circulars and notifications. The author has also referred to a decision of the Bombay High Court in Indian National Shipowners Association v. Union of India [2009] 18 STT 212.
1. Service tax evolution is not only informative but also interesting. This levy was imposed by the Finance Act, 1994 and the subsequent Finance Ac ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax.
Budget 2009 has taken a new initiative by introducing the concept of allowing deduction under income-tax for investment made in a new business based on investment' and not based on profit earned. It has inserted section 35AD allowing deduction of investment in specified businesses under the Income-tax Act, 1961. This is in place of allowing for exemption or deduction of profit earned from a new business. This amounts to allowing depreciation upfront. With this n ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax
The Finance (No.2) Act, 2009, amended the definitions of the expressions firm and partner of the Income-tax Act, 1961, to include a Limited Liability Partnership (LLP) and its partners, respectively, as defined in the Limited Liability Partnership Act, 2008. The LLP is an AOP incorporated in accordance with the provisions of the LLP Act. The definition of person in the Income-tax Act, 1961, includes an association of persons or a body of individuals, whether in ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax.
The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister public endorsement of the dual GST model.
The dual GST model will comprise of a Central GST and State GST. The Centre and the State will each legislate, levy and administer the Centre and State GST, separately. GST centres round evolving an efficient and harmonize consumption tax system in the country. ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax.
Whenever a service is brought into the service tax net, the service provider is liable to levy service tax on the service provided by him and to pay the service tax so collected from the service receivers. The Service Tax Rules make it mandatory to issue bill/invoice/ challan to the service receivers indicating the details as required by the rules including the service tax payable. In some cases, the Tribunal have held that if service tax is not levied, the gross amo ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax.
Service tax issue is the emerging one in the indirect tax matters. It opens the field to the professionals more to practice. In the proceedings before any quasi-judicial system, the principles of Natural Justice are to be complied with. Otherwise, the matter will be remanded to the original authority of the appellate authority to decide the case afresh which will cause further delay in the proceedings. This article highlights the decisions of the Tribunal in some cas ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax.
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 country. Shri Pranab Mukherjee has also in his Budget done it for the benefit of the count ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax.
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 taxed. Coverage of some existing services is proposed to be altered/enhanced. The levy on new services and expanded services will ... Tags:Company Laws, Foreign Exchange, Service tax, Income Tax.
Finding A Good Tax Preparer By: Charlie Reese | - When it comes time to do your taxes, no matter what time of year, you want to know you can rely on those you have chosen for tax preparation services to do a good and lawful job. You may have gone to chains like H&R Block for your taxes in years past, but you should know that they are not always the best choice.
They do fine for most, but sometimes, finding local help with preparing taxes actually works in your favor. You can be sure that any mistakes or errors are going to come back ... Tags:tax, , tax preperation, , prepare taxes, , taxes online, , how to tax, , tax service, , tax services, , advice, , business;finance,
Irs To Renew Random Audit Program By: Matthew Donahue | - Starting in October, 2007, the Internal Revenue Service will soon be conducting a Random Audit Program. This type of Random Audit was done in the past, sometimes with unpleasant results.
According to the Wall Street Journal ("The Next Audit Scare," by Tom Herman, June 13, 2007) the Internal Revenue Service plans to revive its controversial practice of randomly selecting thousands of taxpayers for audits even when there is no reason to suspect any wrongdoing. The first audits wil ... Tags:irs, Internal rRvenue Service, tax lawyer
Tax Credit Amount For Lexus Gs 450 Hybrid Issued By Irs By: Richard A. Chapo | - Prior to January 1, 2006, you were restricted to claiming a $2,000 tax deduction if you purchased a hybrid car. Now you can claim a tax credit, which is much more valuable.
Tax Credit Amount for Lexus GS 450 Hybrid Issued By IRS
Conspiracy theorists often offer rather exotic arguments about how the government tries to control us. When it comes to taxes, they are absolutely correct. Both federal and state governments try to influence our behavior by levying or reduci ... Tags:irs, internal revenue service, tax, taxes, tax credit, lexus, hybrid
Irs Issues Tax Credit Amount For Toyota Camry Hybrid By: Richard A. Chapo | - Prior to January 1, 2006, people purchasing hybrid vehicles were eligible to claim a significant tax deduction. Now they can claim a monstrously large tax credit.
IRS Issues Tax Credit Amount For Toyota Camry Hybrid
The government attempts to modify the behavior of taxpayers by applying or reducing taxes on certain activities. Alcohol and cigarettes are viewed as health risks, so the government adds excessive taxes to them to try to discourage their use. On the ... Tags:irs, internal revenue service, tax, taxes, tax credit, toyota, camry, hybrid
Taxpayer Advocate "€" Customer Service At The Irs By: Richard A. Chapo | - Every business has a department that deals with complaints from customers. At the IRS, this department is known as the taxpayer advocate office.
Advocating for You
The purpose of the taxpayer advocate office is to provide taxpayers with a friendly source to handle customer service issues. The office is run independent of the IRS and has offices at every IRS center in the nation. The taxpayer advocate has a stated goal of resolving your problem with the IRS in seven ... Tags:tax, taxes, irs, taxpayer advocate, customer service, tax complaints, customer service
