♦ Tax is a mandatory liability for every citizen of the country. There are two types of tax in India i.e. direct and indirect. ♦ Taxation in India is rooted from the period of Manu Smriti and Arthasastra. Present Indian tax system is based on this ancient tax system which was based on the theory of maximum social welfare.
Notification No. 01/2019-Central Excise (N.T.)– Changing the words www.aces.gov.in to www.cbic-gst.gov.in in the Notification No. 35/2001 — CE (N.T) dated 26.06.2001, as amended vide Notification No. 7/2015 — CE (N.T) dated 1.3.2015 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs Notification No. 01/2019-Central Excise (N.T.) New Delhi, […]
When any transaction is undertaken between the related persons or distinct persons, the same is treated differently under GST. The present article helps to understand the term ‘related person’ and ‘distinct person’ as prevailing under GST law and it also helps to understand the concept of supply and its valuation in case of ‘related persons’ […]
Q. 1. What is Online Correction ? Ans. TRACES has provided the functionality of ‘Online Correction‘ where deductor can perform correction of TDS/TCS statements online. Deductor is required to Login to TRACES, Go to ‘Default’ Menu, Click on ‘Request For Correction‘. Following are the various facilities available through Online Correction: 1 – Rectifying Challan mismatch […]
Mutual Funds are like a department store where many products are on display and every one can get product suitable to his needs, risk appetite, investment horizon. From product for parking your overnight funds to investing for decades, mutual funds can cater to needs to all investors. As the products offered by mutual fund houses […]
