« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  No service tax on defence construction in Cantt area... Rustagi panel likely to submit services tax report... » CAs get half a breather on service tax July, 14th 2006 The finance ministry today gave chartered accountants, cost accountants, and company secretaries some reason to cheer by exempting some of their services from payment of service tax.    The exemption has been limited to representational services provided by them through appearance before a statutory authority in course of a legal proceeding.    The government had earlier brought all services provided by practising chartered accountants, cost accountants, and company secretaries under the purview of service tax, with effect from March 1, 2006.    The decision to impose service tax on their services became contentious, with a chartered accountants lobby pointing at the exemption from service tax made available to lawyers.    Official sources said the latest decision had been taken following representations from the Institute of Chartered Accountants of India, the Institute of Cost and Works Accountants of India, and the Association of Company Secretaries of India, seeking an exemption on specified services provided by these professionals, to bring them on a par with similar services provided by other professionals which were out of the purview of the tax.    The decision to impose service tax on the three categories had also attracted writ petitions in court. The Delhi High Court saw two writ petitions being filed by chartered accountants, including one by an individual CA, Sunil Gupta.