View Profession Tax Payers

Click the following link to view Profession Tax Payers Details
https://www.apct.gov.in/search/PTINnoSearch.aspx





fill the necessary fields then click on search button

Tax Information Exchange System

Open Department of commercial Taxes uttar pradesh website http://comtax.up.nic.in/

Under the Notifications/Circulars/Order Heading click on Manuals


Click on Pravartan Manual
 or click on the following link
http://comtax.up.nic.in/manuals/pravartan.pdf

Open Department of commercial Taxes uttar pradesh website http://comtax.up.nic.in/

Under the Notifications/Circulars/Order Heading click on Manuals


Click on Tax Audit Manual
 or click on the following link
http://comtax.up.nic.in/manuals/TAX%20AUDIT.pdf 

south central railway - pongal special trains 2012 (secunderabad railway station SC - vijayawada railway station - Kakinada Town / Port )

On 04-01-2012, South central railway announced 14 Special trains for Pongal special - 2012.

There are 14 Special Trains
Secunderabad  - Vijayawada - 6 Special Trains
Secunderabad - Kakinada - 8 Special Trains.

Booking starts from 05-01-2012.

 > Select the range of data, which you need to decrease decimals.



  > Select the Decrease Decimal Icon from the Home Ribbon


> Excel decrease one decimal for one click (It's apply only  selected data). If you need decrease two decimals, click two time on Increase Decimal Icon form the Home Ribbon.


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G.Srinivas

> Select the range of  data, which you need to apply decimals



 > Excel adds one decimal for one click (It's apply only  selected data). If you need two decimals, click two time on Increase Decimal Icon form the Home Ribbon.




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G.Srinivas

 Difference between HENCE And THUS 

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G.Srinivas

EPF for Private sector employees and GPF for Government employees

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G.Srinivas

 Employee’s provident fund (EPF for Private sector employees and GPF for Government employees) is a compulsory deposit as per the provident fund rule. At least the minimum amount must be deducted from employee’s salary by the employer and should be deposited in Provident Fund office or any related trust. (One can allow deducting more as voluntary contribution of provident fund) The provident fund amount may be enough to cover the maximum limit of Rs. 100000 under section 80C for higher salaried employees. The employee can get interest from the deposited amount and the interest is tax free as per the current income tax rules.


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G.Srinivas

Professional Tax is State matter and is levied in respect of any profession, trade, calling, and employment undertaken in the State. The set of professional tax slabs in India are different for all the 28 states in India and some of the states have formulated different professional tax slabs for men, women, and the senior citizens of the respective states.

Regards
G.Srinivas

 Securities Transaction Tax (or STT in short), is the tax deduction that is applied to all your equity transactions. Introduced in the 2004 Union Budget by the then Finance Minister Mr. P Chidambaram, the deduction is to ensure that gains arising from securities transaction are taxed at source, thus preventing individuals from evading capital gains tax. So, what is the applicable STT and when do you pay it? Read on to know it all.

When Does One Pay STT?

Securities Transaction Tax is levied on every purchase or sale of securities that are listed on the Indian Stock Exchange. This would include shares, derivatives or equity-oriented mutual funds units. The rate of tax that is deducted is determined by the central government, and it varies with different types of transactions and securities. Deducted at source by the broker or AMC, at the time of the transaction itself, the net result is that it pushes up the cost of the transaction done.

Scope of STT

As per of the Securities Contracts (Regulation) Act, 1956, STT would be applicable for securities of the following nature.

Shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate.
Derivatives
Units or any other instrument issued by any collective investment scheme to the investors in such schemes
Security receipt as defined in section 2(zg) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Government securities of equity nature
Such other instruments as declared by the Central Government
Rights or interest in securities
Equity-oriented mutual funds


STT is not applicable for any off-market transaction.

STT and Capital Gains Tax on Securities

With effect from assessment year 2009-2010, the short term capital gain arising from the sale of shares or equity oriented mutual fund units, on which STT has been applied, would be taxed at a concessional tax rate of 15%(plus surcharge and education cess). Long term capital gains, of such similar transactions which have been subject to STT, is totally exempt from tax. For all transactions for which STT is not applied, the long term capital gains tax is at 10% without indexation and 20% with indexation. In such cases the short term capital gains tax is according to the normal progressive slab rates.



So the next time, your broker or AMC sends you your transaction bill or statement, remember that the extra bit you are paying over and above your transaction is nothing but the tax that has been levied. Whether it is purchase and sale of shares or mutual fund units, STT is here to stay and cannot be avoided.

Regards
G.Srinivas

The ‘e-sugam’ online filing, introduced by the Commercial Taxes Department, Government of Karnataka, has not been getting a positive response from traders and industrialists who have finding it a ‘miserable’ experience going through with the process.

E-Sugam process, introduced by the department under the Karnataka Valude Added Tax (VAT) Act 2003, replacing Form 505 and certain limits of Form 515, is a mandatory formality of informing the department regarding movement of goods before it reaches check post. This has to be done on net, like “e-filing”, on the proforma put out on the Department’s website.

This came into effect from last February and will be strictly enforced from April.


Finding physical production and verification of the documents consume time and cause delays at the time of checking, e-sugam is introduced in the state, according to the Department’s notification. However, the Department seems to have overlooked the traders’ and industrialists’ angle. They feel the process is difficult and a nuisance. Consequently, it is affecting their business.

Narrating the difficulty they are experiencing after introduction of ‘e-sugam’, Hebbal Industrial Estate Manufacturers’ Association Secretary C M Subramanian said, “Job workers depending on customers from Hosur and Coimbatore were getting material during nights. They were sending the proceed material up to 2nd shift production. Now, the concerned clerk has to call the job workers in midnight and wait to get the sugam number. Till the number is given the dispatch has to wait.”

“In view of delay and nuisance, customers have begun diverting jobs to local vendors in Hosur. As a result, job workers here have lost around 60 per cent of business. Units in Bangalore, for example, had dedicated 90 per cent production to Hosur customers. All these job workers are facing serious problems after e-sugam came into effect.”

“E-sugam is making life miserable to most of the trade and commerce,” said industrialist J R Holla adding it may prompt the service industries to move out of the state instead of facing hassles in Karnataka.

Referring to Part C of the notification relating to information to be provided by the consignee on the goods received from out of the State, he said it is impossible for the consignee to get all the information in time and accurately from the consignor before the dispatch of goods. The consignor who stays in some other State may not take serious interest in providing all the information in time, accurately and completely. Under the notification, it is the consignee who will be held responsible for wrong or inaccurate information and is liable to be penalised.

On time limit for the e-sugam filing, Holla said e-sugam will have time vailidity depending on the distance of the consignment booked. However, it will not be in consignee’s control to tell how long the consignment will take to reach the check post. This may depend on many factors like road conditions, condition of the goods vehicle, the staff, distance to be covered, law and order situation, weather condition, accidents, etc .

The worried industrialists expressed hope that the government would act immediately and protect the interests of trade and commerce in Karnataka.

GRN means Goods Received Note number

Add a comment

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• By default, text in comments uses the font Tahoma in font size 8. You cannot change the default font that is used, but you can change the format of the comment text in each comment by right-clicking selected comment text, and then clicking Format Comment. For more information, see the section Format a comment, later in this article.
• When you sort data in a worksheet, comments are sorted together with the data. However, in PivotTable reports, comments do not move with the cell when you change the layout of the report.

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