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Monthly Archives: December 2015

Tax Incentive for Hotels under section 35AD of Income Tax Act, 1961

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National Pension Scheme – A good scheme for Additional Tax Benefit

For those tax payers who have exhausted the limits u/s 80C, 80D, Housing Loan Interest etc, they can take additional deduction u/s 80CCD(1B) upto maximum of Rs. 50000/- by making a contribution in National Pension Scheme. National Pension Scheme is a scheme launched by Government of India which is a contribution based scheme and it […]

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Benefits available for Investment in Tourism Sector under RIPS – 2014

BENEFITS AVAILABLE TO NEW TOURSIM SECTOR[1] UNIT UNDER RIPS – 2014 S.N. PARTICULARS DETAILS APPLICABILITY 1 Investment Subsidy 50% of VAT & CST deposited by the enterprise for 7 years This will be available subject to maximum cap[2]     2 Employment Generation Subsidy 10% of VAT & CST deposited by the enterprise for 7 […]

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Chronological List of notifications under Rajasthan Investment Promotion Scheme – 2014

CHRONOLOGICAL LIST OF NOTIFICATIONS RELATING TO RAJASTHAN INVESTMENT PROMOTION SCHEME – 2014 S.n. Date Notification Number Brief Subject Matter Download Link 1 08-10-2014 F.12(28)FD/Tax/2010-Pt.I-114 Introduction of RIPS – 2014 2 08-10-2014 F.12(28)FD/Tax/2010-Pt.I-117 Notified Most Backward Areas under RIPS -2014 3 08-10-2014 F.12(28)FD/Tax/2010-Pt.I-116 Notified Backward Areas under RIPS -2014 4 08-10-2014 F.12(28)FD/Tax/2010-Pt.I-115 Notified Service Enterprises covered […]

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Rate of WCT TDS Deduction by Awarder w.e.f. 01-04-2015 – Rajasthan VAT

Rajasthan VAT – Rate of WCT deduction by awarder w.e.f. 01-04-2015 Rajasthan Government has notified vide notification number F.12(23)FD/Tax/2015-208 dated 09-03-2015 the revised rate of deduction of WCT w.e.f. 01-04-2015. Now it has been provided that; “The awarder or any other person authorized by him, at the time of credit of any sum to the […]

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Rate of Works Contract Exemption Fees in Rajasthan VAT w.e.f. 01-04-2015

Rate of Works Contract Exemption Fees in Rajasthan VAT w.e.f. 01-04-2015 The Rajasthan commercial taxes department vide notification number F.12(23)FD/Tax/2015-206 dated 09-03-2015 has changed the rate of exemption fees as applicable to various types of works contract with effect from 01-04-2015 which is as follows. Now, 2 options are provided to the assessees opting for […]

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Rajasthan Investment Promotion Scheme – 2014 – 2nd Article

RAJASTHAN INVESTMENT PROMOTION SCHEME – 2014 SAILENT FEATURES OF RIPS – 2014 Benefits to Manufacturing Sector in Thrust Sectors Manufacturing enterprises in the sectors mentioned hereunder shall be allowed benefits in addition to the benefits related to tax exemptions available to all enterprises. Ceramic and Glass Sector    Investment subsidy of 50% of VAT and […]

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Rajasthan Investment Promotion Scheme – 2014 [RIPS – 2014] – 1st Article

RAJASTHAN INVESTMENT PROMOTION SCHEME – 2014 SAILENT FEATURES OF RIPS – 2014 Applicability of the Scheme New and existing enterprises making investment for setting up new units; Existing enterprise making investment for expansion; and Sick enterprise making investment for its revival Scheme Shall not be applicable to an enterprise if its commercial production or operation […]

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