Archive | Service Tax

Now internet downloads and online services to attract Service Tax

The government has changed service tax rules on internet and online services consumption. The change is effective 1st December 2016.   The following services received by consumers in India from foreign providers will attract service tax. Internet advertisements Cloud services Download of e-books Download of movies, music, software Online supply of digital content such as […]

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Will the FM raise the Section 80C deduction limit?

Household financial savings are the largest contributor of overall savings in India. The money that households put in financial instruments fuels economic growth – unless economies have the capacity to maintain foreign borrowings. In that sense household savings are critical to sustain and keep up growth. Our PM has a laid out a vision in […]

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Understanding RGESS under section 80CCG

Deduction under Section 80CCG Deduction under section 80CCG or Rajiv Gandhi Equity Savings Scheme was introduced effective assessment year 2013-14. The main purpose behind this deduction is to encourage people to invest in equity shares and increase retail investors participation in the equity markets. Here are the conditions to be met to claim this deduction – The […]

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Freelancers & Service Tax Applicability

Freelancers who earn a freelancing income or professional income, which could be income from google adsense, or from projects over Elance or ODesk, or are providing any other form of professional work, are rendering ‘Services’, let us see whether they have to pay Service Tax. What is Service Tax and who has to pay it? […]

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