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Jitendra Dattatraya Kalaskar M Com / Service Tax Consultant
 
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Service Tax is a form of indirect tax imposed on specified services called taxable services . The intention of the government is to gradually increase the list of taxable services until most services fall within the scope of service tax. But at present, I think it is not advisable to make changes in limits or rate of the Service Tax, as the government is planning to merge all taxes like Service Tax, Excise and VAT into a common Goods and Service Tax by the year 2010. To achieve this objective, the rate of Central Excise and Service Tax will be progressively altered and brought to a common rate. According to the Budget analysis 2008, the new to be covered include: ATM operations, maintenance...
Jitendra Dattatraya Kalaskar  |  Commented  |  4 years ago
Yes, I agree with your opinion.
 
 
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Service Tax payable on Service Taxable receipts ( received during the Month of September 2008 ( in case of Company / HUF / Charitable Trust ) and for the Quarter ( i.e. April July to September 2008 ) for Individual, Proprieotry Partnership Firms is payable on or before 5th October 2008.  Assessee who fails to pay the Service Tax before this due date, mandatory interest @ 13% will become liable. Also. Service Tax Return for the 1st half year's period ( April to September 2008 ) is to be submitted on or before 25th October 2008.
 
 
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Service Tax payable for June 2008 ( in case of Company / HUF / Charitable Trust ) and for the Quarter ( i.e. April to June 2008 ) for Individual, Proprieotry Partnership Firms is payable on or before 5th July 2008 in respective assessee's designated bank. Assessee who fails to pay the Service Tax before this due date, mandatory interest @ 13% will become liable. 
 
 
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Headstrong is a $ 200 M IT services company that is focused almost exclusively on consulting to the financial markets. Headstrong expects to acquire 3 / 4 companies in the next 12 months and coupled ...
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Jitendra Dattatraya Kalaskar  |  Commented  |  4 years ago
Since. recently i.e. from 1st of June 2008 IT industry is covered under Ser vice Tax Net in India ( except Jammu & Kashmir ). Please consider this rate of Service Tax @ 12.36% in your price. This is applicable for tailor-made softwares w.e.f. 1st June...
 
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Alok Kumar Singh  |  Answered  |  4 years ago
If you think long term, then I would suggest equity. The reason being equity investments can give tremendous returns in the long term. This may be a good time to buy stocks, given that markets are looking choppy. But the bigger question is...
Jitendra Dattatraya Kalaskar  |  Answered  |  4 years ago
You may choose Mutual Fund dedicated for Globale Real Estates, Recently launched in India by ING for small investors, ICICI HDFC Mutual Funds are already in the Mutual Fund market. You can verifty their portfolio. Even these funds are may give...
 
 
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