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    Profession tax is a tax on income earned by way of profession, individual salaries/wages, on business owners and excluding the income from agriculture and blind people, are liable to pay the tax to the state government. 

    The maximum amount payable per year is Rs. 2,500/- and in line with tax player’s salary, there are predetermined slabs for the Andhra Pradesh government and the slab rates is differ from state to state and the Andhra Pradesh Slabs rates as below.

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    Key Topics Covered:

    • Excise Duty – FAQs on Applicability of Excise Duty on manufacture of Jewallary
    • Service Tax – Content Supply Services Vs Sale of space for advertisement
    • Forensic Audit – Prevent fraud from occurring – The fraud prevention checklist
    • Direct Tax: FAQs on Equalization Levy
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    Key Topics Covered:

    • Companies Act – Related Party Transactions (Section 188)
    • Companies Act – Provisions, Procedure For Allotment Of Securities By Way Of Private Placement
    • Income Tax – Disallowance Of Expenditure Due To Non-Compliance Of TDS Provisions
    • Service Tax – Place Of Provision Of Service “Service Receiver”
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    Key Topics Covered:

    • Income Tax – Alternative Minimum Tax (AMT) Vs Minimum Alternate Tax (MAT)
    • Service Tax – DTA Turnover Vs DTA Unit – SEZ Exemption
    • Service Tax – Audit (Power of Revenue)
    • Companies Act – Amendment to Sec 188
    • Companies Act – Transitional Compliance
    • Companies Act – Statutory Registers to be maintained
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    Key Topics Covered:

    • Income Tax – Application of Section 50 and Section 50C
    • Service Tax – A peek into the provisions of Advance Ruling Provisions
    • Companies Act – Compliance by Limited Liability Partnership
    • Companies Act – Regular Compliance by a Private Limited Company
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