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Income Tax Learning

Every assessee having taxable income, is under obligation of disclosing his income sources to the Income Tax Authority of India. This is done by filing an income tax return. One of the biggest factors which has to be considered in this regard is TDS or tax deducted at source. According to the Income Tax Act, any person or company making payment should asper the provisions deduct TDS and deposit the same with the central government. While the person or organisation making the payment is known as deductor, the person orSEE DETAILS

GST (Goods and Services Tax) India

GST is one of the major steps taken by the government to streamline the taxation system of India into one nation one tax. GST abolished or subsumed multiple taxes into a single taxation system. Under this system, all the entities involved in buying/ selling of goods or rendering of services above specified threshold or satisfying stipulated conditions are required to obtain registration for Goods and Services Tax. As per the GST council, entities having annual turnover more than Rs. 40 Lakhs are required compulsorily to register under GST. But entitiesSEE DETAILS