Heads of Income Tax

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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Input Tax Credit in GST

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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TAX Deducted At Source

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

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

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?

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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TDS

TDS Tax deducted at source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional

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GST Overview

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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