tax payment

tax payment News

For greater compliance, Centre cuts penalties on indirect tax

Section 11AC of the Excise Act has been amended for similar cases and the taxpayer can now pay the duty along with a penalty of 10 per cent of the duty.

Firms keep ROC in dark,face penal action

In what raises questions on their tax payment,many companies have not updated their income and expenses in the last two years with the Registrar of Companies (ROC),Pune.


FinMin exempts 14 more services from service tax

The finance ministry announced exemption for 14 more services from service tax payment by including them in the negative list effective July 1