Q.What is the new service tax rate and from when it is applicable?

Ans.The new service tax rate @15% is applicable from 1st June 2016.This includes Service tax @ 14%, Swachh Bharat Cess @0.5% and Krishi Kalyan Cess @0.5%.

For further details refer New service tax rate w.e.f 1.6. 2016.

Q.Mr.Raj received a gift from a friend on the occasion of his marriage.Is it taxable? »

« Q.How to invest to buy a car in next 3 years ?

Harleen Kaur: Harleen Kaur is a Chartered Accountant (ICAI), qualified in 2009, and the founder of Fintrakk. With over 8 years managing finance and accounts and more than 10 years writing personal-finance and investing content for Indian readers, her work is known for being in-depth and well-researched, grounded in primary sources. Harleen also brings 2+ years of experience building technology products.