« Top Headlines » Open DEMAT Account in 24 hrs   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  New GST form notified to help taxpayers adjust tax demand amount: Here's how to use  ITR filing deadline extended to November 15, 2024 for these taxpayers «  No tax sops for port-turned SEZs... Efforts to simplify service tax... » Service tax rules to converge from June May, 31st 2007 The revenue department is expected to release two circulars mentioning details of all 100 services under the service tax net and related procedures in a simplified manner by mid-June.    The comprehensive circulars will replace all the present circulars and will enable tax-payers to access required information in a detailed and simplified manner, Central Board of Excise and Customs (CBEC) member PC Jha said at an Assocham seminar today.    One circular will describe the scope of services while the other will explain the procedures. Service Tax Commissioner Gautam Bhattacharya said the circulars would be based on the recommendations of the Rastogi Committee.    The new circulars are in final stages and will be issued by mid-June after clearance by Finance Minister P Chidambaram, he said. The CBEC has already withdrawn 48 circulars that have no relevance. Despite this, there are 120-130 circulars.    Jha said that in future, all circulars would be issued only by the CBEC, unlike in the past when the Director General Service Tax also used to came out with circulars.    Bhattacharya said seven new services included in the service tax net from June 1 this year were expected to fetch Rs 8,000-9,000 crore this fiscal.