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GST : Goods And Service Tax (One Nation one Tax), A much awaited tax reform bill is now passed in Rajya Sabha and now we all are waiting for the applicability of new act so that different tax law in different state will be removed and only one tax will be applicable all over the nation.
India’s biggest tax reform has taken place by the introduction of GST. With the idea of ‘One Nation One Tax,’ the tax is warmly welcomed by the majority.
It is very important to file an income tax return. People are satisfied with the fact that their income tax has been paid by them, and now there is no headache for them in an upcoming way, but that is not the end of the process. To understand the real benefits of paying your income tax, some […]
What is the Advance Tax? Advance Tax is a part of your taxes that is to be paid before the end of the financial year. It should be paid in the year in which the income is received. That is why it is also known as the pay-as-you-earn scheme. Submit Query for Advance Income Tax […]
In this post, we have discussed the income tax provisions for doctors that should be remembered with the tax presumptive scheme. Doctors perform noble and busy professions in the country. They work for approximately 9×7 hours a week and maybe more to help the people in the fight against their sufferings. They really do not […]
Service tax is a tax which imposed on taxable services provided in India (other than J&K). Due dates for liability of depositing service tax in the account of government is 5th of every month for the month ended, if payment mode is Offline (i.e. for the month of January due date for depositing service tax challan […]
The recently announced Union Budget 2016-17 has not made a positive impact on many of the Indian salaried employees and left them wondering whether they are rich or poor. But, in this whole mess of provisions, there’s a lot of ways that would help you out in saving your bulk of tax. To help you […]
The Revenue Secretary Hasmukh Adhia said that the tax liabilities that the Vodafone and Cairn are facing cannot be rejected. Nevertheless, to remove the interest and penalty, it has done the most. During an interview with PTI, there was an indication by the government towards the companies facing taxes paying to enactment of a law […]
These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). For example, We pay VAT and other taxes on purchasing a product.
