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The revision provides for 10 per cent tax on gross basis for fees for technical services (FTS) in the source state, according to the text of the treaty amendment, which was signed on Tuesday. So far, a company or entity was deemed to have a permanent establishment (PE) in India if it had a place of business or site or office building or factory workshop.

 
 
Revenue Secretary Hasmukh Adhia said excise duty mop up in April spurt by 70 per cent to Rs 28,252 crore as against Rs 16,546 crore in the year-ago month.
"The revenue department has taken various steps to give relief to small taxpayers and small businesses and professionals," a finance ministry statement said.
CBDT has informed that these amended rules will be applicable from June 1, 2016.
It's that time of the year when you have to line up investment proofs to save tax. A handy reckoner...

 
 
There is no separate form or process for filing nil tax and the entire process is similar to filing a normal return.

Get equipped with the essential knowhow this filing season.

The effective yield on 7.6% 15-year NHAI bonds for an individual in the 30.9% tax bracket is 11%
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