« 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 «  Now chit funds to pay service tax... Govt to introduce biometric PAN cards... » Govt gives service tax relief to tour operators August, 25th 2007 Giving relief to tour operators, the government today increased the rate of abatement to 75 per cent from 60 per cent for the purpose of levy of service tax. As a result of the notification (issued today), the tour operator is required to pay service tax only on 25 per cent of the gross amount charged on such package tour, an official release said. Earlier, the tour operators were required to pay service tax on 40 per cent of the gross amount including cost of accommodation, food, transport arrangement, tourist guide, entry to monuments and other expenses. The government has issued notification after a presentation made by tourism minister ambika soni to the advisory committee on service tax abatement in mid-july. The committee after examining the request made by the tourism ministry recommended 75 per cent abatement on package tours. The indian association of tour operators (iato) has been demanding reduction in incidence of service tax to encourage tourism industry in the country.