SEZ : Overview Special Economic Zones (SEZ) in India is a specially delimited enclave. Most importantly, the economic laws in this geographical area are different from the prevailing laws in other parts of India. An SEZ is deemed as a Foreign Territory for matters that relate to the Trade Tariffs, Duties, and Operations. To instill confidence […]
A new historical development in Tax regime; especially in Indirect Taxes evolves on 1st July 2017 in the shape of Goods and Service Tax (GST) after number of Constitutional & legislative changes and various Central and State Level Indirect Taxes are merged into a single regime, which is known globally as VAT (Value Added Tax). As […]
Dear friends, in this competitive market, when we start a new business then it requires huge capital investment (depending of nature of business segment) and trustworthy human resources to get success in our dream business. In most of the cases the entrepreneur has the vision and idea to start a new business but due shortage […]
तेल के दामों में भारी उथल पुथल के बीच चीन के सबसे बड़ी रीयल एस्टेट कंपनी एवरग्रांडे जिस पर 305 अरब डॉलर का वैश्विक कर्ज है और लगभग पूरे विश्व में करीब 1400 प्रोजेक्ट पर काम कर रही है, वह डिफाल्ट में आ गई है. चीनी अर्थव्यवस्था में इसका इतना प्रभाव है कि यदि चीन […]
Who should file Income Tax Return and what are the advantages of filing an Income Tax Return? Any person as described under to section 2(31) of Income tax act are required to file Income tax return if their total net income falls under the taxable category. Person includes (i) Individuals (ii) Partnership Firms (iii) HUF […]
WHAT IS TDS AND TCS IN INCOME TAX? TAX DEDUCTED AT SOURCE (TDS): TDS is known as Tax Deducted at Source, it is the income tax which is deducted from the payment made at the time of making some specified payments like rent, professional fees, commission, interest, salary etc. Normally whenever any individual earns income […]
WHAT IS PAN AND TAN? PERMANENT ACCOUNT NUMBER (PAN): PAN is assigned to all the taxpayers in India as an identification number. PAN number is a single number which is an electronic system and has all the tax related information for a company or for a person. This act as a primary key for storing […]
Understanding income tax offences and penalties. Learn about the different penalties for contravening provisions of the Income Tax Act.
Do the provisions pertaining to set-off and carry forward of losses confuse you too? If yes, then you have arrived at the right place that will clear most of your confusion as I have here tried to summarise the sections in the simplest way possible. Few points to understand before you start going through the […]
Person liable for obtaining GST registration as a Regular Taxpayer Every supplier shall be liable to be registered under GST Act in the State or Union territory, from where he makes a supply of goods or services or both if his aggregate turnover in a financial year exceeds prescribed limits given below. (All amounts are in […]
