Month: November 2015

Tax Deducted At Source

​What is tax deducted at source? For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called as “Tax Deducted at Source”, commonly known as TDS. Under this system tax is deducted at the origin of the […]


Section 119 (2) of Finance Act, 2015 provides for the levy of Swachh Bharat Cess (‘Cess’ for short).  The said section provides that there shall be levied and collected in accordance with the provisions of this Chapter, a cess to be called the Swachh Bharat Cess, as service tax on all or any of the […]

Diwali Bonus Swachh Bharat Cess

In Finance Act, 2015 new “chapter VI” has been added for introduction of levy and collection of “Swachh Bharat Cess” (SBC). Now on 06th November 2015, Notification 21/2015-Service Tax has been issued to notify the date for imposition of SBC as 15th November 2015. Therefore, new levy of SBC will be leviable on services from […]

The Limited Liability Partnership Act, 2008

The Limited Liability Partnership Act, 2008 A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership. Read the complete act :Limited Liability Partnership Act, 2008 […]