« Top Headlines » Open DEMAT Account in 24 hrs  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025  15 income tax rule changes in 2024 that will impact your ITR filing in 2025   How to check income tax return (ITR) status  Income tax rules: How much cash can you receive in one day to avoid an I-T notice?  Tax saving tips: How you can reduce tax burden under the new regime  Condonation of delay under section 119(20) of the Income-tax Act, 1961 in filing of Form No. 9A/10/108/10BB for Assessment Year 2018-19 and subsequent assessment years  Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23 «  Tax on import of services... `Less awareness hindering more tax compliance'... » Draft of new service tax form issued October, 09th 2006 The Finance Ministry proposes to revise the service tax return form to make it more assessee-friendly and remove practical difficulties in filing such returns. The Central Board of Excise and Customs (CBEC) has now come up with draft version of the return form (ST-3) and sought views of trade and industry and other stakeholders on the same. The existing form is a common form for service tax, credit for Cenvat and service distributors. It was released in August last year, but the assessees were facing practical difficulties. Trade and industry had represented to the Finance Ministry that assessees were not sure about the kind of information that need to be filled in various columns and that the return forms must have instructions/guidelines for filling the form. Service Tax expert Mr J.K. Mittal said that the proposed new ST-3 form is "saral" and assessee-friendly. He expressed hope that the Government would implement the new form immediately. The last date for filing the service tax return is October 25.