The Service Tax rate has been increased to 14% with effect from 1st June, 2015. Certain doubts have been raised in regard to abatement on value of services provided in relation to serving of food or beverages by a restaurant, eating joint or a mess, having the facility of air-conditioning …

I have written an article Its all about registration under Karnataka Shops and Establishment Act about the requirement for registration under Shops and Establishment Act of Karnataka. In this article, I have listed out the main provisions covered under this act.   Display Registration Certificate – Registration certificate must be displayed …

Karnataka Profession Tax (PT) shall be paid by every establishment or factory, club or society, self-employed or professional, government or private sector employees serving in the State of Karnataka. Most important provisions of Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976 are listed out below. Hope this helps. …

Two women were killed and seven others, including a four-year-old girl, were injured when a 27-year-old software engineer allegedly ran over them on Hosur Road near Bommanahalli.Police said Karthik, who was allegedly speeding, first hit a couple of people crossing the road before losing control and hitting people standing by …

Letting of property attracts TDS provisions, with certain exceptions. Some of the commonly asked questions about TDS on rental income are summarized below. In case, readers have any other questions, please mention in the comment section.   Limit of Rs.180000 – In case, any property – residential or commercial is …

I have written about the benefits of this scheme to the citizens. This article is about the benefits / utilization of gold. As mentioned in my article “How does Gold monetization scheme work? Is it really useful?“, the banker issues gold certificate against collecting physical gold. This gold should find …

  Government of India has released the draft guidelines for its ambitious gold monetization scheme. Today’s headlines in the media said “Earn interest on your jewellery”. Interesting to hear this news, isn’t it? What if you could park jewellery sitting idle at home in a bank and earn interest on …

Any income from letting property is taxable as income in the hands of the owner of the property. I have listed out a couple of points which may give you a fair idea about taxation of such income.   A Self-occupied property: When property is occupied by the owner for …

The Government announced the introduction of universal social security schemes in the Insurance and Pension sectors for all Indians, specially the poor and the under-privileged, in the Budget for the year 2015-16. The Atal Pension Yojana (APY), is one such pension scheme launched by the government recently.   Age of …

Here is a small quiz to test your knowledge on taxation. [mtouchquiz id=17 startscreen=’off’ showanswers=’end’ multiplechances=’off’]   Read Related Post & Quiz:   Service Tax registration procedure and documentation required with effect from 1st March 2015 13 things to know about payment of Service Tax Quiz on Service Tax 7 Tax …