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Income Tax rate slabs revised *** Surcharge on Domestic Companies revised***Weighted deduction for inhouse research and payments to research institutions enhanced***Turnover/Gross receipts limits for Tax Audit increased***Presumptive taxation limit increased***Additional deduction of Rs.20,000/- over and above the limit of Rs.1,00,000/- u/s 80C allowed for investments in notified long term infrastructure bonds***Threshold limits for deduction of tax at source on certain payments to residents increased***Time limit for completion of approved housing projects increased by one year***General CENVAT rate increased from 8% to 10%***Goods imported in pre-packaged form for intended retail sale and other goods namely ready-made garments, mobile phones and watches are exempted from Special Additional Duty***Basic Customs Duty rate on all medical, surgical, dental and veterinary equipments and parts thereof reduced to 5% with complete exemption from Special Additional Duty***Excise duty on goods covered under Medicinal & Toilet Preparation Act reduced from 16% to 10%***Supplies made to mega power projects exempted from excise duty subject to fulfillment of conditions***Requirement of pre-authentication of invoices dispensed with***Sending of jigs, fixtures, moulds and dies to a vendor for production of goods according to the specification of the principal manufacturer without reversal of credit permitted***Export of services rules relaxed by removal of the condition of provision of services from India and use of such services outside India***Transmission of electricity exempted from levy of service tax***Pre-packaged Information Technology software, with the license for right to its use, is being exempted from service tax, subject to specified conditions***Transportation of food grains and pulses by road exempted from levy of service tax***Services provided by Indian news Agencies which are liable for service tax under the categories ‘Online Information and Database Retrieval Service’ and ‘Business Auxiliary Service’ exempted subject to specified conditions***   Welcome to Our Website We are a firm of Chartered Accountants, registered with the Institute of Chartered Accountants of India and engaged in the field of Accounting, Book keeping, Auditing, Cost/Financial Analysis, MIS Development Tax consultancy in Indian Tax Laws and allied Activities. We are based at Salem in South India. Read More...     Our Services For our Indian Clients   For our Offshore Clients   Book keeping using ‘TALLY’ package   Accounts Formatting   Credit Management   Loans Processing   Investment Planning   Resources Planning & Evaluation   Financial/Cost Analysis   More...     Book keeping using ‘Quick Books Online & Desktop versions’   Revenue Returns preparation (1040 & 1120) using ‘ Turbo Tax and ‘Pro Series’ softwares or other client specific softwares.   Accounts Payable Data Processing.   Accounts Receivable Data Processing.   Payroll Processing   More... Contact Us   D.S. ANAND & ASSOCIATES CHARTERED ACCOUNTANTS PLOT # 116,117, SHANKAR NAGAR, SALEM - 636 007. TAMIL NADU, INDIA. Email anand@anandandassociates.com     Useful Links Compute your Income Tax New Apply/Correction in your PAN New Central Excise & Customs New Indian Income Tax Department Indian Company Law Board US Tax Revenue Department Tamil Nadu VAT

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