The Section 14 of Income Tax Act classifies all incomes under the following heads: SalariesIncome from House PropertyProfits and Gains f
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Goods and Services Tax ("GST") is the indirect tax levied in India and subsumes different taxes such as service tax, excise duty, VAT, entry tax and
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What is input credit? Input credit means at the time of paying tax on output, you can reduce your tax by amount which you have already paid on inp
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Types of accounts To understand the Golden Rules of Accounting we must first understand the types of accounts. There are three types of account
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TAX DEDUCTED AT SOURCE Q1. What is TDS ( Tax deducted at source ) ? Ans. When tax is deducted before paying the income and deposited with
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Composition Scheme Businesses with annual turnover up to Rs 1.5 crore* can opt for composition schemeOnly Manufacturers of goods, Dealers, and Res
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E-Way Bill Meaning :- E-Way Bill is an Electronic Way bill for movement of goods to be generated on the e-way Bill Portal. A GST registere
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What is input credit? Input credit means at the time of paying tax on output, you can reduce your tax by amount which you have already paid on inp
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What is GST ? The GST regime was implemented in India on 1 July 2017. This indirect tax replaced several taxes that were levied by the State and Cent
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