Alternate minimum tax means the Amount of tax computed on the adjusted total income.AMT is a way collecting the minimum tax from the tax payers. Assessee shall be liable to pay tax on such income at a rate eighteen and one-half per cent (18.5%).It is not an additional tax levied on the taxpayer.
Commissioner of Sales Tax, Maharashtra State, Mumbai, (a) rescinds the Notification No. VAT/AMD-2018/1B/ADM-8, dated the 5th June 2018 and shall deemed to have been always rescinded with effect from the 5th June 2018.
INTRODUCTION Intellectual property (IP) pertains to any original creation of the human intellect such as artistic, literary, technical, or scientific creation. Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time. These legal rights confer an exclusive right […]
Rajesh Sharma Vs State of U.P. & Anr. (Allahabad High Court) In this case The petitioiner was aggreived by an order passed by the District Magistrate under the U.P. Entertainment and Betting Tax Act, 1979, which has been repealed by the GST Act on 1-7-2017. Hon’ble High Court directed peitioner to approach the appropriate authorty […]
This e-book on Bahrain VAT by CA Pritam Mahure contains the following- Contents Value Added Tax (VAT) in Bahrain About the Author Forewords 1. Basics of indirect taxation. 2. Primer on VAT. 3. VAT in GCC. 4. About Bahrain. 5. Taxes in Bahrain. 6. Things you must know about VAT. 6.1 VAT is payable on […]
