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Current Account is an account in which there is no limit on the no. of transactions that can be done in a day and are therefore also referred to as...

Every assessee having a service tax registration number and who ceases to provide taxable service for which he is registered shall surrender his service tax registration certificate immediately to the...

In case of any error, mistake or omission realised after filing of the Service Tax Return, the assessee may filed a Service Tax Revised Return to correct such error/mistake/omission. As...

Service Tax is required to be paid on all services except those specified in the negative list of services. However, a small scale service provider has the option of availing...

A common man is most of the times confused between the terms – Income Tax Rebate, Income Tax Deduction and Income Tax Exemption and ends up using them interchangeably. Although,...

TDS is required to be deducted at the time of making any payment and the TDS so deducted is deposited with the Income Tax Department as tax deducted on behalf...

House Rent Allowance (HRA) is given by the employer to the employee to meet the expenses in connection with rent of the accommodation which the employee might have to take...

Section 80C allows for deductions for investments in specified instruments and investing in Tax Saving Mutual Funds is one such specified instrument which can be claimed as a deduction under...

As the name suggests, Self Assessment Tax is the tax which is computed by the taxpayer on his own and then deposited with the govt. The Self Assessment Tax shall...