Monthly archive

July 2012

No Service Tax on Advertisements

July 30, 2012
[By Shaleen Shah (Partner), VNCA] Selling of space or time slots for advertisements other than advertisements broadcast by radio or television is not taxable service vide Clause (g) of Negative List of Services u/s 66D w.e.f. 1-Jul-2012.  In other words, service tax is payable only on advertisements on radio or

TDS in respect of software payments now more tedious

July 18, 2012
The CBDT has issued a Notification No. SO 1323 (E), dated 13-06-2012, that no deduction of tax at source shall be made from payment made for acquisition of software if the stipulated conditions are satisfied. I. When benefit of notification would be available – As per the aforesaid Notification, TDS