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Interest Archives - All About Finance

Interest

GST Update on landmark decision that interest cannot be recovered without adjudication proceedings

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The delay in retrospective amendment regarding computation of interest liability under GST regime has led to flood of writ petitions in High Courts seeking relief from recovery proceedings initiated by the government. The revenue authorities have consistently held that interest liability gets automatically attracted as soon as there is delay in payment of taxes on … Read more

The Maharashtra State Co-op Marketing Federation Ltd invites Expression of Interest from Chartered Accountants for works for the year 2015-16

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The Maharashtra State Co-operative Marketing Federation Limited Kanmoor House, Narsi Natha St, Masjid Bunder, Mumbai – 400 009. Ph.: 022-2375 2294 / 98 Fax : 022-2373 8208 Website www.rnahamarkfed.org 1) Statutory Audit, Tax Audit, VAT audit and their filing of returns for the financial year 2015-16 at March – 2016 end 2) Internal Audit at … Read more

Expression of interest for engagement of CA firms for maintenance & audit of accounts of Drda, Khordha for the financial year 2014-15

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EXPRESSION OF INTEREST FOR ENGAGEMENT OF CHARTERED ACCOUNTANT FIRMS FOR MAINTENANCE & AUDIT OF ACCOUNTS OF DRDA, KHORDHA FOR THE FINANCIAL YEAR 2014-15 Sealed quotations are invited from the Chartered Accountant Firms out of the empanelled list of C & AG for the year 2014-2015 for maintenance & Audit of Accounts of DRDA, Khordha for … Read more

No interest under section 234A of the Act is chargeable on the amount of self-assessment tax paid by the assessee before the due date of filing of return of income

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Circular 2/2015 F. No. 385/ 03 /2015-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (CBDT) North Block, New Delhi 10th February, 2015 Subject: Chargeability of Interest under Section 234A of the Income—tax Act, 1961 on self-assessment tax paid before the due date of filing of return of income- … Read more

Interest rate for delayed payment of service tax depends upon the period of delay – applicable from 1st October 2014

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Now its costlier affair if you pay the service tax delayed because more you make the delay higher the interest you need to pay. Now you need to pay interest up to 30% if your delay for service tax payment is more than one year. The details of interest rate are shown in the table … Read more