બજેટ ૨૦૧૭ ની મુખ્ય જાહેરાતો
ઈન્કમટેક્સ સ્લેબમાં ફેરફાર, 2.5થી 5 લાખ સુધીની આવક વાળાને હવે 5 ટકા ટેક્સ, પહેલા ભરવો પડતો હતો 10 ટકા ટેક્સ 3 લાખ સુધીની આવક પર કોઈ ટેક્સ લાગશે નહીં 50 કરોડ ટર્નઓવર સુધીની કંપનીઓ માટે કોર્પોરેટ ટેક્સ ઘટાડીને 25 ટકા કરી દેવામાં આવ્યો મેટ માટે કેરી ફોરવર્ડનો સમયગાળો 10 વર્ષથી વધારીને 15 વર્ષ કરવામાં આવી […]
FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of Rs.500/- and Rs.1000/-
Why is this scheme introduced? This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes. What is this scheme? The legal tender character of the existing bank notes in denominations of Rs.500 and Rs.1000 issued by the Reserve bank of […]
Key Highlights of Budget 2016-17
Although FM Jaitley did not make any changes to the Tax Slabs in this year’s budget, he had a suitcase full of small changes that will make a significant impact to your tax Outgo in 2016-17. Here are some of the major announcement he has made: 1. INCREASE IN TAX REBATE U/S 87A: Those earning […]
How to check TDS (Tax Deducted at Source) online?
It’s easy to verify if the tax payments made by you or TDS deducted from salary, interest, Commission, etc are correctly reported to the income tax department. You can also check income tax refund from previous year in the same form. It takes only few minutes to check credit of TDS deducted. Following are the […]
Service Tax Due Date Chart & Related Provisions
TAX REGISTRATION FORMS: FORM DESCRIPTION TIME PERIOD ST-1 Service Tax Registration Application To be Submitted By Assesses Within 30 days from the levy of service tax is brought into force or starting of business or when taxable turnover exceeds Rs. 9 lac in a Financial Year. ST-2 Service Tax Registration Certificate Issued By Service Tax […]
INCOME TAX DUE DATES & RELATED PROVISIONS
Income Tax is a Tax imposed by the Government of India on anybody who earns income in India. This Tax is levied on the strength of an Act called Income Tax Act, 1961 which was passed by parliament of India. INCOME-TAX CHART Individual Resident or any NRI/ HUF/ AOP/ BOI/ AJP Assessment Year Rate General […]
INPUT TAX CREDIT MECHANISM IN GST
GST / VAT is a consumption based tax wherein the basic principle is to tax the value addition at the each business stage. To achieve this, tax paid on purchases is allowed as a set off/ credit against liability on output/income. INPUT TAX CREDIT SET OFF The input tax credit on account of CGST during […]