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Tax Tips

Do you know about FAT Tax on hotel food?

Tax on Hotel Food

This is a very common question I encounter from many people. When you visit a restaurant, the menu card mentions the item wise rate and * mark at the end – Taxes extra! The cost of the food at fine dining (air conditioned) restaurants itself is taxing one’s pocket and ...

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Extension of the due date of TDS payment to 10th Oct 2014


  Considering the consecutive holidays owing to the festive season and weekend during the first week in the month of October, 2014, the Central Board of Direct Taxes has issued an order to extend the last date of deposit of tax deducted at source/tax collected at source during the month ...

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Analysis of tax trouble faced by Amazon in Karnataka


  All governments talk about simplifying laws to make the life of businessmen easy. But it’s like the saying ‘the slip between the cup and lip’. The politicians promise a whole lot of things before the elections but when they assume office, they take a U turn! None of their ...

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TDS on purchase of immovable property


The provisions of this section states that TDS on sale of Immovable Property should be deducted at source from payment on transfer of immovable properties (other than agricultural land) where the consideration paid or payable is more than Rs 50,00,000/-. Earlier, there was no such deduction in case of immovable ...

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