Location: Organizations tend to stay at a location or switch to other locations, depending on factors such as tax laws, labor laws, etc. So, there are better opportunities and high pay in some locations, compared to others. Let’s see the average salary in major cities in the US and the...
The most convenient way to pay your property tax, is online on the BBMP website, with your credit or debit card or through internet banking. (https://bbmptax.karnataka.gov.in/) You can retrieve your property details through yourBase Application Number or Property Identifiers (PID).You can ...
A GST number is also necessary to claim the input tax credit, which is the amount of GST paid on the goods or services purchased for business purposes. Input tax credit claim is likely for a GST-registered person only if the supplier has uploaded the invoice details in the GST portal and...
Likely pay back period of capital for a Unit Franchise1-1 Years Other investment requirementsNo Lotus Salon Expansion Plans North Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, Uttar Pradesh South Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana ...
Income from more than one house property. Capital gains. Income derived from winning a lottery. Engagement in the activity of owning and maintaining racehorses. Income is subject to taxation at special rates under Section 115BBDA or Section 115BBE of the Income Tax Act. Income that needs to ...
If a product is manufactured in Maharashtra and sold in Karnataka, the GST collected goes to Karnataka as the destination state, not Maharashtra. This approach ensures the tax revenue benefits the state where the goods are consumed, promoting a fair distribution of tax revenue across states. Examp...
Financial institutions like banks are required to disclose high-value transfers to the Indian Tax Department. Mutual fund and property acquisitions, as well as high-value industrial bond, are all recorded here in Part E of Form 26AS. Tax Deducted on Immovable Property Sale Details under Section ...
Besides, hoteliers also had to face complex paperwork due to these multiple taxes, when it came time to file and had to file numerous tax returns. 2. How has GSTT rollout? eased the hotel business? No doubt, the GST regime has simplified the hotel business up to much extent. A large ...
The Goods and Services Tax (GST), launched in India on July 1, 2017, requires any good with more value than Rs. 50,000 to be pre-registered online before it can be moved. This provision, called the e-way bill is most likely to start in October once a centralized software platform an...
State bank of India abbreviated as SBI is one of the largest government-owned banks in India. State bank of India is a commercial bank that facilitates loans, deposits and other financial services to the individuals and the organizations.