Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Service Tax »
Open DEMAT Account in 24 hrs
 Income Tax SFT return filing due date extension: Facility to remain open for a couple of days Latest news
 Income tax filing: Waiting for your Form 16? Here is what you need to know
 Salaried? Rental tax calculation rules you should know before ITR filing in 2023
 What are new tax regime's slabs? Know its limits, benefits, and more
 How much additional tax do you need to pay? ITR filing last date for FY 2019-20
 Income Tax Return Filing: How to file ITR - step-by-step guide
 New Income Tax Slabs for Super Senior Citizens 2023-24: Which rate will apply for ITR now?
 Income Tax Return filing 2023 data: How many Indians aged 18-35 years file ITR?
 Make tax-saving a part of your overall investment plan
 Filing ITR? Maximize Your Tax Savings With These 7 Allowance Benefits
 Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act, 1961 ('Act') in view of the then-Covid-19 pandemic

Service tax liability to come soon
October, 12th 2010

Even after termination of the franchisee agreement with Kings XI Punjab by BCCI, KPH Dreams which owns the T20 team is still not out of trouble, it seems, as Central Excise Department on Monday said it would pass an order within a month determining the company's total tax liability.

The department, which had slapped a notice on KPH Dreams for payment of Rs 5.38 crore as service tax, would be passing an order to decide the final tax liability within a month after giving the company third and last opportunity for hearing on October 27.

"The order (for determining tax liability) will be passed within a month after hearing the final arguments of the company on October 27," Central Excise Commissioner HK Thakur told PTI on Monday.

The department had slapped a notice on KPH Dreams in February this year asking the company to pay up service tax to the tune of Rs. 5.38 crore for the payment received during first season of IPL matches.

The department has already held two hearings of the company on September 22 and October 5. "During their replies filed with us, the company (KPH Dreams) claimed that it is not supposed to pay the tax.

But we will go through their (KPH Dreams) replies before fixing the final tax liability," said Thakur.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting