Sunday, August 28, 2011

Amendment in Point of taxation Rules

As per notification 41/2011, the services of engineering consultant referred in section 65 (105) (g) will be taxable on payment basis rather than accrual basis. So there are total 8 services taxable on payment basis if provided by individual, proprietorship firm or a partner ship firm and those are referred in sub clause (g), (p), (q), (s), (t), (u), (za), (zzzzm) of section 65 (105)