अब जब ये मामला हमारे जीवन की वित्तीय समस्यायों से सम्बंधित हो तो और भी अच्छा होगा कि वित्तीय आत्मनिर्भरता जितनी जल्दी पा ली जाये उतना ही हमें अपने जीवन को जीने का समय मिल जाता है वरना सारी ज़िंदगी कमाने धमाने में ही निकल जाती है.
Tax collected at Source on sale of Goods effective from 01st October 2020 Due date for filing Annual return and audit report under GST has been extended, tax payer got some relaxation however new compliance requirement has been introduced which is applicable from 01st October 2020 i.e. tax to be collected at source on sale of goods. […]
Generally employee submits Rent receipt and rent deed to his employer to claim exemption of tax on account of HRA however recently CBDT vide circular :08/2013 dated 10 Oct 2013 has made mandatory that If annual rent paid by the employee to his/her land lord exceeds Rs 1,00,000 per annum
Tax deduction at source or Tax collected at source are the most convenient mode of tax collection by the government thus it is a tool to collect tax to minimize the tax evasion by taxing the income at the time when income generated and instead of taxing on a later date. A large number of […]
Earlier the MSMEs were defined on te basis of th investment made by them however now the revised definition has been brought by the Government of India while delivering the economic package as part of the AAtmnirbhar Bharat Abhiyan and further change has been approved in the definition of the MSMSe to provide equity support […]
GST Council in the 32nd meeting held on 10th January, 2019 at New Delhi took following decisions to give relief to MSME (including small traders), and took following other decisions but same would be given effect to through Gazette notifications/ circulars which shall have the force of law.-
Section 17(5) of the Central Goods and Service Tax Act 2017, says that notwithstanding anything contained in section 16(1) or section 18(1), input tax credit shall not be available for certain inputs or input services.
A Cess is a tax which is collected by the government to be used for a specific purpose. Thus collections from levy of cess can be used only for the purpose for which it has been collected and not for any other purpose, Finance Minister has mentioned in his budget speech that proceeds of KKC would be exclusively used for financing initiatives relating to improvement of agriculture and welfare of farmers.