Taxes in India - Part 208

Feb 29, 2016May 18, 2018

Difference Between GST and SST (Sales & Service Tax)

Biggest indirect tax regime of india, the Goods and Services Tax (GST) is on its way to be adapted worldwide. After its inception, the present tax structure (Sales and Service Tax) will be replaced by the same. The need for GST in India is not only necessary to get rid from the troublesome current scheme of indirect taxes, but principally for reducing a huge number of exemptions, multiple rates and upgrading the tax compliances. Here we are going to put focus on some of the fundamental differences between the two and why the former is very prominent to be introduced soon.

CA Hitesh Sukhnani (Ex-employee) 8

Feb 29, 2016Dec 11, 2017

Income Tax Relaxation Rs. 3000 for Less or Equal to Rs. 5 lakh Salaried Persons

Finally, the highly awaited third union budget 2016-17 is here. Finance Minister Arun Jaitley has announced the same in New Delhi today. According to the budget, the individuals who are having income less than or equal to Rs. 5 lakh under section 87A will get an increased tax rebate of Rs. 5000. A resident individual […]

SAG Infotech 0

Feb 27, 2016Oct 28, 2017

Tax on PF Withdrawal: New PF Withdrawal rules

The approach behind the Employee Provident Fund (EPF) scheme is to provide significant benefit to the employees at the time of their retirement. The scheme specifies that a nominal amount is deducted from the salary of an employee as a contribution towards the fund. According to the latest circular, which has got affected from June […]

SAG Infotech 111

Feb 19, 2016Feb 20, 2019

Gen Service Tax- Free E filing of Service Tax Return

The Service tax came into existence around 22 years back in July, 1994 under the Finance Act in India. Primarily, it is a tax, which is paid by the service provider to the government on certain service transactions, but actually recovered from the customers who take the services. It comes under the category of Indirect […]

SAG Infotech 0

Feb 15, 2016Oct 07, 2019

Free Download VAT Return E-Filing Software – All India VAT Solution

A-VAT Solution is a leading software for filing VAT Tax returns in India. On a brief note, a value-added-tax is defined as a tax, which has been enhanced up at each stage of the production or distribution of a product. In terms of generating VAT returns, you will find a huge list of software’s over […]

SAG Infotech 5

Feb 11, 2016Jul 10, 2017

Procedure for E-Filing of Excise Returns

An excise or excise duty is the indirect tax, which is paid on the sale of a particular good. The reason behind why they are called indirect tax because the government does not apply the tax straight forward. There is an intermediary, which is either the merchant or the producer who pays the tax to […]

SAG Infotech 1

Feb 06, 2016Aug 29, 2024

A Synopsis of the History of Chartered Accountants in India

Long ago, when our country was under the rule of the British East India Company, an act came into effect which stipulated several books that were required to be maintained by a registered Company under The Companies Act of 1913. The requirement of an auditor was also there to maintain these books. The auditors need […]

Arpit Kulshrestha 2

Feb 03, 2016Feb 07, 2017

Union Budget 2016: Economize Tax Via Swiping Your Cards

Finance Minister Arun Jaitley is going to announce the Annual Budget for 2016-17 on 29th of February. This year it would be more appropriate to strike your cards or to pay via digital wallets than to spend the hard cash. Apparently, this year’s budget plans prepared by the Payments Council of India (PCI), the government […]

SAG Infotech 0

Value Added Tax (VAT) India

Feb 02, 2016Jul 10, 2017

VAT Rate increases in Rajasthan from 5 to 5.5 Percent

The Government of Rajasthan Finance Department has given a notification to public regarding to increase Goods Taxable rate. According to Mr. Dr. Devraj, Joint Secretary to Government, in exercise of the powers conferred by the sub-section (5) of the section 4 of the Rajasthan Value Added Tax Act, 2003 (Act No. 4 of 2003), the […]

Krishna Sharma (Ex-employee) 4