Income Tax
Income Tax
What Is Income Tax Raid – Rules & Regulations
Introduction of Income-tax Raid Process? In India, Income tax is levied by the Central Government and the State Government. Some minor taxes have to be paid by people belonging to...
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Cost Inflation
Cost Inflation Index for Transfer of Capital Asset Acquired by Inheritance
Introduction: Under the provisions of the Income Tax Act, 1961 an assessed can acquire a Capital Asset as defined under section 2(14) of the Act with or without a consideration....
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GST
GST
What is Composition Scheme Under GST Law?
Taxpayer registered under the Composition Scheme has to file returns on a quarterly basis instead of monthly returns. What is GST Composition Scheme? Composition Scheme can be explained as under:...
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GST
GST
Updates on 24th GST Council Meeting
The 24th GST Council meeting which took place on 16th December 2017 through video conference under the Chairmanship of the Union Minister of Finance and Corporate Affairs Mr. Arun Jaitley....
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GSTR
GST Council 23rd Meeting Updates: Major changes in GST Rates
Decisions taken related to GST in 23rd GST Council meeting at Guwahati, Assam on 10/11/2017. The 23rd meeting of GST Council held has come up with the decisions related to...
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GST
GST
Effects on Taxpayer Under Revised GST
The concept behind GST is one taxation system for the entire nation as a whole. GST can be imposed on the goods and service provided to both the manufacturers and...
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