Quiz – Week Five

Good one!!! Like the varied subjects.. keep going

Anusha Bhansali

Question 1

Which two football clubs from Spain’s capital city are said to reflect opposing ideologies, outlooks to life, and the class divide?

Question 2

The fight for social justice in India was and continues to be enriched by the work that this poet, teacher, and social reformer did in the 19^th century. She co-founded the Satyashodhak Samaj (Truth Seeking Society) espousing equality for all with her husband in 1873. Who am I talking about?

Question 3

It is no secret that Xinjiang is at the centre of gross human rights violations against the Uighur community. Which film and production house recently came under fire for their troubling ties to the administration in the province?

Question 4

Margaret Wilson was the daughter of the former President of the United States, Woodrow Wilson. In the 20^th century inspired by an Indian freedom fighter turned spiritual leader, she made Southern…

View original post 440 more words

Quiz – Week Four

Anusha Bhansali

Question 1

In 1936, Dr BR Ambedkar was invited to address the Jat Pat Todak Mandal. However, members of the Mandal took issue with the content of his address, Ambedkar did not accept the changes they wanted him to make, and the speech remained undelivered. He instead self-published it in 1937. Which of Ambedkar’s seminal works am I referring to here?

Question 2

Sadda Haq, the song from Rockstar was embroiled in political controversy when it released. The filmmakers had to relent to the Central Board of Film Certification’s (CBFC) orders and make changes to the song’s video, as not doing so risked upsetting China. What was so politically sensitive about Sadda Haq?

Question 3

In late 2019, Coldplay announced that they would pause touring in an attempt to draw attention to one of the most pressing concerns of our time. The band said that they will…

View original post 447 more words

Quiz – Week One

Please visit like share

Anusha Bhansali

Question 1

Chaat is one of the most famous varieties of street food, and might I add – the best. It derives its name from a common Hindi word. Which word?

Question 2

In 2015, the World Health Organisation (WHO) outlined certain guidelines that “are meant to minimize unnecessary negative effects on nations, economies, and people”. What is the essence of these guidelines?

Question 3

In Top Gun, Tom Cruise’s jacket featured the flags of Taiwan and Japan. However, in rushes of Top Gun 2, the patches are missing. While some have dismissed the change as meaningless, others have pointed to the role of international politics. Why bring in international politics?

Question 4

Hansa Jivraj Mehta is credited with an important intervention in the text of the Universal Declaration of Human Rights (UDHR). Article 1 of the UDHR initially read – “all men are born free and equal”. This was…

View original post 448 more words

Updates

MAT –Ind AS Committee has submitted a report regarding the framework for computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income Tax Act 1961 for Indian Accounting Standards (IND AS) compliant Companies for the year of adoption and thereafter. http://www.incometaxindia.gov.in/news/mat-indas-committee-report-28-04-2016.pdf

Income Tax Returns for AY 2016-17 (F.Y 2015-16) have been notified. http://www.incometaxindia.gov.in/Pages/downloads/income-tax-return.aspx

All other Forms for FY 15-16 and FY 16-17 have been notified. http://www.incometaxindia.gov.in/Pages/downloads/most-used-forms.aspx

Utility for e-filing Service Tax Return (ST-3) for the period October, 2015 – March, 2016 is available in both offline and online version. The assesses can file return either online or use the offline utility by downloading the latest version from acesdownload.nic.in or from ‘DOWNLOADS’ Section of ACES website.

FAQ on Swachh Bharat Cess http://www.cbec.gov.in/resources//htdocs-cbec/press-release/faq-sbc.pdf

Notifications issued by Customs. http://www.cbec.gov.in/Customs-Notifications

Indian Customs launches SWIFT Clearances on 1^st April 2016 http://www.cbec.gov.in/htdocs-cbec/press-release/press-release-swift.pdf

Clarifications on levy imposed on jewelry.http://pib.nic.in/newsite/mbErel.aspx?relid=137342

Discussion Under Department of Revenue  – GST –https://mygov.in/home/54211/discuss/

Trade Notices issued in FY 16-17. http://dgft.gov.in/Exim/2000/TN/TN16/indexTN2016-2017.html

http://www.indiantradeportal.in/ New Portal launched for Indian Business.

https://ebiz.gov.in/home A website for simplicity and convenience for all your business interaction with the Government of India.

Changes in Service tax

 

Changes in Service Tax

1. Krishi Kalyan Cess @ 0.5% on gross value of taxable services with ITC (from 01.06.2016) Total ST rate @ 15%. Input credit of KKC is available.
2. AC Bus service by Road Transport Corporation taxable @ 6% (from 01.06.2016)
3. Rate of ST for the package tour increased from 3.625% to 4.35%
4. ST on foreman commission at 10.15%
5. Rate of ST for sale of flats increased from 3.625% to 4.35%
6. Rate of ST for transport of goods by Rail in container other than by IR increased from 35% to 5.8%
7. Rate of ST for transport of used household increased from 4.35% to 5.8%
8. Assignment of radio-frequency spectrum and subsequent transfers thereof taxable
9. Senior advocate service liable to service tax.
10. Transport of passengers’ ropeway, cable car or aerial tramway made liable for ST
11. Interest rate reduced to 15% (if ST not collected) and 24% (if ST collected)
12. Due date for issue of SCN extended from 18 months to 30 months
13. The monetary limit for prosecution cases enhanced to Rs.2 Crores.
14. Dispute resolution scheme for the cases pending before Commissioner (Appeals)
15. New levy on services exempted only if amount received and invoice raised before the notified date
16. Exemption for construction canal, dam or other irrigation works for the period 01.07.2012 to 29.01.2014.
17. Restoration of exemption for construction of non-commercial buildings for the contracts enter prior to 01.03.2015 for the period upto 31.03.2020
18. Exemption for constriction of ports and airports for the period from 01.04.2015 to 31.03.2020 for the contracts entered prior to 01.03.2015
19. Construction under House For All (Urban) Mission / Pradhan Mantri Awas Yojana (PMAY), exempted
20. Construction of low cost houses up to a carpet area of 60 sq.m per house under Govt. scheme exempted from service tax.
21. Levy of Central Excise duty/CVD and service tax on IT Software made mutually exclusive
22. Services provided by the Indian Institutes of Management (IIM) exempted
23. Business Entity receiving any service from government to pay service tax
24. Business entity located in India to pay service tax on ocean freight availed by foreign shipping line
25. HUF and One person company (<50L T/o) to pay on quarterly basis
26. Annual returns to be filed by service provider by 30th Nov every year

 

Hello world!

Welcome to WordPress.com. This is your first post. Edit or delete it and start blogging!