Mahesh Babu P M

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Member Since : 10 August 2013 (Bangalore)

ya kundendu tu?araharadhava?a ya subhravastrav?ta
ya vi?avarada??ama??itakara ya svetapadmasana |
ya brahmacyuta sa?karaprabh?tibhirdevaissada pujita
sa ma? patu sarasvati bhagavati nisse?aja?yapaha || 1 ||

dorbhiryukta caturbhi? spha?ikama?inibhai rak?amalandadhana
hastenaikena padma? sitamapica suka? pustaka? capare?a |
bhasa kundendusa?khaspha?ikama?inibha bhasamanazsamana
sa me vagdevateya? nivasatu vadane sarvada suprasanna || 2 ||

surasuraissevitapadapa?kaja kare virajatkamaniyapustaka |
viriñcipatni kamalasanasthita sarasvati n?tyatu vaci me sada || 3 ||

sarasvati sarasijakesaraprabha tapasvini sitakamalasanapriya |
ghanastani kamalavilolalocana manasvini bhavatu varaprasadini || 4 ||

sarasvati namastubhya? varade kamarupi?i |
vidyarambha? kari?yami siddhirbhavatu me sada || 5 ||

sarasvati namastubhya? sarvadevi namo nama? |
santarupe sasidhare sarvayoge namo nama? || 6 ||

nityanande niradhare ni?ka?ayai namo nama? |
vidyadhare visalak?i suddha?ñane namo nama? || 7 ||

suddhaspha?ikarupayai suk?marupe namo nama? |
sabdabrahmi caturhaste sarvasiddhyai namo nama? || 8 ||

muktala?k?ta sarva?gyai muladhare namo nama? |
mulamantrasvarupayai mulasaktyai namo nama? || 9 ||

manonmani mahabhoge vagisvari namo nama? |
vagmyai varadahastayai varadayai namo nama? || 10 ||

vedayai vedarupayai vedantayai namo nama? |
gu?ado?avivarjinyai gu?adiptyai namo nama? || 11 ||

sarva?ñane sadanande sarvarupe namo nama? |
sampannayai kumaryai ca sarva?ñe te namo nama? || 12 ||

yoganarya umadevyai yoganande namo nama? |
divya?ñana trinetrayai divyamurtyai namo nama? || 13 ||

ardhacandraja?adhari candrabimbe namo nama? |
candradityaja?adhari candrabimbe namo nama? || 14 ||

a?urupe maharupe visvarupe namo nama? |
a?imadya??asiddhayai anandayai namo nama? || 15 ||

?ñana vi?ñana rupayai ?ñanamurte namo nama? |
nanasastra svarupayai nanarupe namo nama? || 16 ||

padmaja padmava?sa ca padmarupe namo nama? |
parame??hyai paramurtyai namaste papanasini || 17 ||

mahadevyai mahaka?yai mahalak?myai namo nama? |
brahmavi??usivayai ca brahmanaryai namo nama? || 18 ||

kamalakarapu?pa ca kamarupe namo nama? |
kapalikarmadiptayai karmadayai namo nama? || 19 ||

saya? prata? pa?hennitya? ?a?masatsiddhirucyate |
coravyaghrabhaya? nasti pa?hata? s??vatamapi || 20 ||

ittha? sarasvati stotramagastyamuni vacakam |

sarvasiddhikara? nr?¯?a? sarvapapapra?asanam || 21

Myself , Mahesh Babu P M a C A IPCC Student . I am an extremely lovable, adorable person, sometimes shy, with a passion for quick wit. At times, I prefer quiteness. I love exploring various things and going into depth of each thing.

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star Member Article / Audit Training Details:

https://220.225.242.179/locm_article.asp?MRH_MRN=123456

star Thanks for selecting as featured member of cci dec 2011

star Little super star of cci part -8 " Thanks CCI Friends & Admin "

CONTACT DETAILS OF TRAINING SECTION OF ICSI : LINK: https://icsi.edu/Student/Training/tabid/1714/Default.aspx

Professional Links

https://www.cbec.gov.in/
https://www.icegate.gov.in/
https://www.nacen.gov.in/
https://www.ltu.gov.in
https://www.cbec.nsdl.com/EST

Web-sites maintained by subordinate offices of CBEC

National Academy of Customs, Excise and Narcotics (NACEN)	https://www.nacen.gov.in/
Directorate General of Audit	https://www.dgauditces.gov.in/
Directorate General of Human Resource Development	https://www.dghrdcbec.gov.in/
Central Excise and Service Tax	https://sermon.nic.in
Directorate of Revenue Intelligence	https://www.dri.nic.in/
Directorate General of Safeguards	https://dgsafeguards.gov.in
Indian Customs and Excise Gateway	https://www.icegate.gov.in/
The Customs, Excise and Service Tax Appellate Tribunal Website	www.cestat.gov.in
Large Taxpayer Units (LTU) Portal	https://www.ltu.gov.in
The Principal Chief Controller of Accounts, CBEC	https://www.pccacbec.nic.in/
Automation of Central Excise & Service Tax (ACES)	https://www.aces.gov.in

Commissionerates :
Central Excise, Ahmedabad-I	www.cenexahmedabad.nic.in
Customs Commissionerate - Ahmedabad	https://ahmedabadcustoms.gov.in
Central Excise and Customs, Aurangabad	www.centralexciseaurangabad.gov.in
Central Excise Bangalore	https://centralexcisebangalore.kar.nic.in
Customs -Bangalore	https://bangalorecustoms.gov.in
Customs and Central Excise Commissionerate - Bhopal	https://www.cexbhopal.gov.in and https://www.cexbhopal.nic.in
Customs and Central Excise Commissionerate -Bhubaneswar	www.ori.nic.in/cenexbbsr
Central Excise & Customs - Calicut	www.cenexcalicut.gov.in
Commissionerate of Central Excise – Chandigarh-I	https://www.cexchd1.gov.in
Commissionerates of Chennai-I / Chennai-II / Chennai-III	https://centralexcisechennai.gov.in/
Customs - Chennai	https://www.chennaicustoms.gov.in
Customs – Chennai (Airport and Air cargo)	www.aircustomschennai.gov.in
Cochin Central Excise Commissionerate	https://www.cenexcisekochi.gov.in
Customs - Cochin	www.cochincustoms.nic.in
Commissionerate of Customs, Central Excise and Service Tax Coimbatore	https://cenexkovai.tn.nic.in
Central Excise - Delhi Zone	www.centralexcisedelhi.nic.in.
Commissionerate of Service Tax - Delhi	www.servicetaxdelhi.gov.in
Central Excise - Dibrugarh	www.cexdibrugarh.gov.in
Customs - Hyderabad	https://hyderabadcustoms.ap.nic.in
Central Excise Commissionerate - Hyderabad-III	https://www.cxhyd3.nic.in/
Central Excise Commissionerate – Hyderabad-IV	https://www.centralexcisehyderabad4.gov.in
Indian Customs at IGI Airport, New Delhi	www.igiacustoms.gov.in
Customs and Central Excise Commissionerate - Jammu & Kashmir	https://ccejk.nic.in
Commissionerate of Customs (Preventive) - Jamnagar	https://www.jamnagarcustoms.gov.in
Custom House, Kandla	www.kandlacustoms.org
Commissionerate of Central Excise - Kanpur	https://centralexcisekanpur.gov.in
Customs - Kolkata	www.kolkatacustoms.gov.in
Air cargo, Sahar, Mumbai	www.accmumbai.gov.in
Customs - Mumbai-III	www.mumbaicustoms3.gov.in/
Customs - Jawahar Customs House, Mumbai	www.jawaharcustoms.gov.in
Customs - Mumbai	www.mumbaicustoms.gov.in
Central Excise - Mysore	www.centralexcisemysore.kar.nic.in
Central Excise - Nagpur	https://cenexcisenagpur.nic.in
Central Excise Commissionerate, NOIDA	https://centralexcisenoida.nic.in/
Central Excise Commissionerate - Puducherry	https://www.pondycentralexcise.gov.in
Customs Commissionerate - Pune	www.punecustoms.nic.in
Central Excise Commissionerate - Shillong	https://cexstshillong.gov.in/
Central Excise Commissionerate - Surat-I	https://www.excisesurat1.nic.in
Customs - Tuticorin	https://www.tuticorincustoms.org
Central Excise Commissionerate - Vadodara-II	https://www.excisevadodara2.nic.in
Custom House – Visakhapatnam	https://vizagcustoms.gov.in/
Central Excise Commissionerate – Visakhapatnam-I	https://www.cenexgstvizag1.gov.in

List of other related web sites

India Portal (official single entry portal of the Indian Govt.)	www.india.gov.in
Airports Authority of India	www.airportsindia.org.in & www.aai.aero
World Customs Organisation	www.wcoomd.org
Govt. of India Directory of sites	www.goidirectory.nic.in
Ministry of Finance	www.finmin.nic.in
Directorate General of Foreign Trade	www.nic.in/eximpol
Customs Websites of other countries	www.customs.govt.nz/default.htm
Empowered Committee of State Finance Ministers (Constituted by Government of India)	www.empcom.gov.in

TDS / TCS RATES FOR F.Y. 2013-14

Section	Nature of Payment	Threshold Limit of Payment		FY (2013-14)
192	Income from Salary	Senior Citizen (60 Years)	Rs. 2,50,000	Average rate of Tax + edu. Cess Surcharge if Salary > 1 cr
		Super Senior Citizen (80 Years)	Rs. 5,00,000
		Others	Rs. 2,00,000
193	Interest on Securities	Rs. 5000		10%
194A	Interest from a Banking Company	Rs. 10,000 per annum		10%
194A	Interest other than from a Banking Co.	Rs. 5,000 per annum		10%
194B	Winning from Lotteries & Cross Word Puzzles	Rs. 10,000 per annum		30%
194BB	Winning from Horse Races	Rs. 5,000 per annum		30%
194C	Payment to Contractors; Sub-contractor; Advertising Contractors	Rs. 30,000 per contract (or)		Individual/HUF 1% Others 2%
194C		Rs. 75,000 per annum		Individual/HUF 1% Others 2%
194D	Insurance Commission	Rs.20,000 per annum		10%
194E	Non-resident Sportsman or Sports Association	-		20%
194G	Commission on Sale of Lottery Tickets	Rs.1000		10%
194H	Commission/Brokerage	Rs. 5,000 per annum		10%
194-I	Rent on Plant / Machinery	Rs. 1,80,000 per annum		2%
194-I	Rent Other then Plant / Machinery	Rs. 1,80,000 per annum		10%
194-IA	Payment on transfer of Non agricultural immovable property (wef 01.06.13)	Rs. 50,00,000		1%
194J	Fees for Professional / Technical Services	Rs. 30,000 per annum		10%
194J(1)(ba)	Any remuneration or commission paid to director of the company (other than salary)			10%
194LA	Compulsory Acquisition of Immovable Property	Rs. 2,00,000		10%
TCS Rates
206C	Scrap	-		1%
206C	Tendu Leaves	-		5%
206C	Timber obtained under a forest lease or other mode	-		2.50%
206C	Any other forest produce not being a Timber or tendu leave	-		2.50%
206C	Alcoholic Liquor for Human Consumption	-		1%
206C	Packing lot, toll plaza, mining & quarrying	-		2%
206C	Purchase of Bullion/ Jewellery in cash	Rs. 2 Lacs per transaction (Bullion) Rs. 5 Lacs per transaction (Jewellery)		1%
206C	Purchase of coal lignite, Iron ore by a trader	-		1%

Notes

1. Surcharges & Education Cess

Type of Payment	Surcharge	Rate	Education Cess (3.00%)
Salary (Resident & Non-resident)	Upto 1cr	Nil	Yes
Salary (Resident & Non-resident)	> 1 Crore	10%	Yes
Other Payments to Residents	No	Nil	No
Other Payments to Non-Residents
Payment to Non-Residents (other than Cos)	Upto 1cr	Nil	Yes
Payment to Non-Residents (other than Cos)	> 1 Crore	10%	Yes
Payments to Foreign Co.	Upto 1cr	Nil	Yes
	> 1 Crore	2%
	> 10 Crores	5%

2. Nil rate will be applicable to transporter of goods if he provides his PAN to the deductor.
3. Nil Deduction entries of transporters also to be shown in Form 26Q.
4. TDS @ 20% where PAN not furnished.
5. Benefit of Marginal Relief from surcharge shall be available where income exceeds 1 cr.

Fees and Penalties

Section	Descriptttttttttttttion	FY (2013-14)
234E	Fee for late filing of TCS/ TCS return	Rs 200 per day (not exceeding amount of tax)
271H(1)(a)	Penalty for Late filing of TCS/TCS return beyond 1 year	Minimum Penalty : Rs. 10,000 Maximum Penalty : Rs. 1 lac
271H(1)(b)	Penalty for providing incorrect information in TDS/TCS Return	Minimum Penalty : Rs. 10,000 Maximum Penalty : Rs. 1 lac

Other Important Changes
Section	Descriptttttttttttttion	FY (2013-14)
197A	Eligible Age for Form 15H (Payment without TDS)	60 years.
201/206C	Interest on non-short deduction of tax where deductee deposits advance/ self assessment tax	Till date of filing of ITR by deductee wherein full tax has been deposited. CA certificate needed.
40(a)(ia)	Disallowance of payment made without TDS where deductee deposits advance / self assessment tax	Till date of filing of ITR by deductee wherein full tax has been deposited. CA certificate needed.
200A	Appeal, Rectification against Intimation of TDS Return	Yes

Interest on delay in deposit of tax after deduction

Stage of deduction	Rate per month or part of the month
From date when deductible till actual deduction	1%
From date of deduction till payment	1.5%

Rates of Income Tax star

Assessment year : 2013 - 14
Previous year : 2012 - 13

Assessment year : 2014 - 15
Previous year : 2013 - 14

1. For resident women below the age of 60 years.

Upto Rs. 2,00,000	Nil
Rs. 2,00,001 to Rs. 5,00,000	10%
Rs. 5,00,001 to Rs. 10,00,000	20%
Above Rs. 10,00,000	30%

Upto Rs. 2,00,000	Nil
Rs. 2,00,001 to Rs. 5,00,000	10%
Rs. 5,00,001 to Rs. 10,00,000	20%
Above Rs. 10,00,000	30%

2. For resident Senior Citizens. (Age above 60 Years)

Up to Rs 2,50,000	Nil
Rs. 2,50,001 to Rs. 5,00,000	10%
Rs. 5,00,001 to Rs. 10,00,000	20%
Above Rs. 10,00,000	30%

Up to Rs 2,50,000	Nil
Rs. 2,50,001 to Rs. 5,00,000	10%
Rs. 5,00,001 to Rs. 10,00,000	20%
Above Rs. 10,00,000	30%

3. For resident Super Senior Citizens. (Age above 80 Years)

Up to Rs 5,00,000	Nil
Rs. 5,00,001 to Rs. 10,00,000	20%
Above Rs. 10,00,000	30%

Up to Rs 5,00,000	Nil
Rs. 5,00,001 to Rs. 10,00,000	20%
Above Rs. 10,00,000	30%

4. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies).

Upto Rs. 2,00,000	Nil
Rs. 2,00,001 to Rs. 5,00,000	10%
Rs. 5,00,001 to Rs 10,00,000	20%
Above Rs. 10,00,000	30%

Upto Rs. 2,00,000	Nil
Rs. 2,00,001 to Rs. 5,00,000	10%
Rs. 5,00,001 to Rs 10,00,000	20%
Above Rs. 10,00,000	30%

Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge
Long-Term Capital Gains: 20% on income-tax plus surcharge.
Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge.

Surcharge : 10% for Indiviadual having taxable Income exceeding 1 Crore
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge
Long-Term Capital Gains: 20% on income-tax plus surcharge.
Short-Term Capital Gains u/s 111A:15% on income-tax plus surcharge.

Firms

Income tax : 30%.
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1% on income-tax plus surcharge

Income tax : 30%.
Surcharge :10%
Education Cess : 2% on income-tax plus surcharge
Secondary and Higher Education cess : 1% on income-tax plus surcharge

Companies

(A) Domestic Companies
Income tax : 30%
Surcharge: 5% if the taxable income exceeds Rs. 100,00,000.
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge

(A) Domestic Companies
Income tax : 30%
Surcharge: 10% if the taxable income exceeds Rs. 100,00,000.
Education Cess: 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge

(B) Foreign Companies
Income tax :	40% (in general )
Surcharge :	2% if the taxable income exceeds Rs. 100,00,000.
Education Cess :	2% on income-tax plus surcharge
Secondary and Higher Education cess :	1% on income-tax plus surcharge

(B) Foreign Companies
Income tax :	40% (in general )
Surcharge :	2% if the taxable income exceeds Rs. 1 crore & 5% if the taxable income exceeds 10 crores
Education Cess :	2% on income-tax plus surcharge
Secondary and Higher Education cess :	1% on income-tax plus surcharge

Cooperative Societies

Upto Rs. 10,000	10%
Rs. 10,001 to Rs. 20,000	20%
Rs. 20,001 to Above	30%

Upto Rs. 10,000	10%
Rs. 10,001 to Rs. 20,000	20%
Rs. 20,001 to Above	30%

Surcharge : Surcharge Is Not Applicable
Education Cess : 2% on income-tax.
Secondary And Higher EducationCess : 1% on income tax plus surcharge

Surcharge : 10%
Education Cess : 2% on income-tax.
Secondary And Higher EducationCess : 1% on income tax plus surcharge

Local Authorities

Income tax : 30%.
Surcharge : NIL
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge

Income tax : 30%.
Surcharge :10%
Education Cess : 2% on income-tax plus surcharge.
Secondary and Higher Education cess : 1% on income-tax plus surcharge

Learn ACES Online

eFiling Offline Utilities/Schema

Assessees can file their Central Excise and Service Tax Returns using following offline Excel Utilities/XML Schema by downloading the same from this page.

LINK: https://acesdownload.nic.in/