How much tax do you really pay? (cover story)How much tax do you really pay? (cover story)The article focuses on the hidden indirect taxes workers are required to pay in India. An indirect tax is the tax levied on service providers and manufacturers of goods which they pass on to consu...
The article discusses how goods and services tax (GST) works in India. India is a federal polity and so its GST has had to be driven by means of a joint initiative between the center and the states. The federal and state GST will be comprised of the goods tax and the services tax. ...
TDS (Tax Deducted at Source) will not be applied to your FD interest income as long as the interest earned is Rs. 40,000 or less in a financial year. However, if your interest earnings exceed Rs. 40,000, TDS will be deducted at the current rate of 10% on the entire interest amount...
I think you will find that the national effective tax rate is more in line with 17% for everyone. That's an average across everyone. So what is the premise that entitles someone, anyone, to declare that another person (not themselves) must pay twice as much or more than the average whe...
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Malaysia Import Tax and Duties Finance By Business Tips What are Global Capability Centres (GCCs) in India? Perspectives By Business Tips Stay up to date with Business Go! Subscribe to our newsletter to obtain latest articles, events and offers that are tailored to you Subscribe nowFurther...
Unlock Ad-Free CAclubindia and Daily Mobile Updates! Instant updates via WhatsApp at your fingertips! Daily E-Newsletter on GST, Income Tax, Finance & more 5% Off on Professional Courses And Much More! Subscribe Now Step 4: Enroll Under GST Scheme GST compliance typically necessitates the ...
Millions of Indians have invested in Cryptocurrency already, so it is important to learn how to avoid Tax on Cryptocurrency. Read to save your crypto tax.
The Finance Act 2020 has introduced new provisions for collecting tax at source (TCS) on foreign remittances that are in effect from October 1, 2020. ... Thenew tax is not applicable to inward remittances. For instance, if you are sending money from the United States to India, the new ...