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Articles by CA Priyanka Srivastava

Understanding Reverse Charge Mechanism in Service Tax

Posted by CA Priyanka Srivastava 11 May 2013 465575 Views

Service tax is an indirect tax levied by service provider on the service recipient. The service provider collects service tax on bills raised on the service recipient and deposits it into the Government account. Hence the liability to pay service

Changes in Tax Returns filing norms - from F.Y. 2012-13

Posted by CA Priyanka Srivastava 10 May 2013 21506 Views

W.E.F. from F.Y. 2012-13, following persons have to file returns electronically: (Vide Notification No. 34/2013, dated 01.05.2013) 1. Every person (not being a company or person filing ITR 7) if Total Income is above Rs. 5 lacs. 2. Resident Indivi