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
 
Tally On Cloud Tally on Cloud: Ready for the Daily Backup Requirement
Keep your Tally books accessible from anywhere while supporting your Rule 46(8) obligations. With daily backups configured on servers physically located in India, Tally on Cloud helps you maintain the backup arrangement required for electronic books of account under the Income-tax Rules, 2026. Move your Tally to the cloud with confidence.
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.
 Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief
 ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know
 Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose
 CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27
 CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details
 Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window
 Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do
 Tax audit deadline September 30: Common mistakes taxpayers should avoid
 Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck
 Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money

Govt to issue comprehensive tax circular
May, 31st 2007

The government will issue a comprehensive circular clarifying ambiguities of about 100 services in the tax net by mid-June, the source of which will be the board and not director general of service tax, said Central Board of Excise & Customs (CBEC) member P C Jha on Wednesday.

Addressing mediapersons in a seminar organised by industry body Assocham, Mr Jha said, The government is aware of inconveniences that trade and business has been facing on the service tax front. The comprehensive circular would replace all present circulars and would enable tax payers to access all required information in a detailed and simplified manner.

The government has already withdrawn 48 circulars issued since 1994 and efforts are being made to clarify all service tax-related issues. In future, all circulars would be issued only by the CBEC unlike in the past when director general of service tax also issued the circulars, added Mr Jha.

The government had imposed service tax only on three services in 1994, which generated revenues worth Rs 50 crore. It is now targeting service tax revenue of Rs 50,200 crore this fiscal against Rs 37,500 crore in 2006-07. Service tax commissioner Gautam Bhattacharya said the circulars would contain modified and required portion of present circulars.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting