The Central Board of Direct Taxes (CBDT) has put an end to the dilemma which all the tax payers were having about advance payment of Fringe Benefit Tax. Many companies and other tax payers had paid their 1st installment of FBT. In July 2009 Finance Budget, the decision to abolish Fringe Benefit Tax was passed [...]
Kind Attention to all MVAT Dealers.Maharashtra Sales Tax Department has finally issued Circular No. 05 dated on 28.01.2010, extending the due date for Maharashtra VAT Audit upto 31st March 2010.
The MVAT Audit Report is to submitted electronically in Form No.704. The dealer has to submit the MVAT Audit Report manually along with the required documents [...]
It was in 1990’s when India opened its doors to the world. Since then India is the one of the largest growing economy in the world. Despite of opportunities there had been a significant rise in financial frauds which resulted Indian government to enact stringent laws. In 1998 the Confederation of Indian Industries (CII) [...]