ITR ..is the return u file u/s 139 of the Income tax Act, when your income is txable, where form 16 is form that shows total
amount of tax deduction from your salary income by your employer.ports.
WHAT IS SALE TAX ?
The tax a buyer pays to the seller at the time of buying goods is called sales tax.In India,the rate of tax differs from state to
state.While some states charge 10 % sales tax on a particular item ,other states charge 8-15 % on the same item.The entire
sales tax is collected by the state Governments n is used for meeting their own developmental expenditure.
Some states have introduced Value Added Tax (VAT) in place of sales tax.
WHAT IS SERVICE TAX ?
Service Tax is a form of indirect tax imposed on specified services called "taxable services". Service tax cannot be levied on
any service which is not included in the list of taxable services. Over the past few years, service tax been expanded to cover
new services. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and
trade without forcing the government to compromise on the revenue needs. The intention of the government is to gradually
increase the list of taxable services until most services fall within the scope of service tax. For the purpose of levying service
tax, the value of any taxable service should be the gross amount charged by the service provider for the service rendered by
him.
Some of the major services that come under the ambit of Service Tax are:
Telephone
Stockbroker
General Insurance
Advertising agencies
Courier agencies
Consulting engineers
Custom house agents
Steamer agents
Clearing & forwarding agents
Air travel agents
Tour operators
Rent-a-Cab Operators
For More info call Mr. Arvind Gupta @ 9953993848 or you can mail your query at guptas_acc@indiatimes.com
tax consultants services-sale tax services in india
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