How to identify the steps in enrolment process of a tax payer at the GST common portal. I pay Service Tax on my services. But I am not sure how do I pay the new GST? Process to issue GST Provisional ID to existing VAT payers in India Step by step procedures to issue GST provisional...
b)Tax treaties: The IT Act specifies that that where the GoI has entered into an agreement with the Government of another country for avoidance of double taxation, the provisions of the IT Act shall apply only to the extent that they are more beneficial to the tax payer. Hence, in the ...
Why isn't tax code rewritten to a flat tax of the same percentage to every person and business, then applied to the national budget or national debt? Why is Narendra Modi not acknowledging the economic wisdom of Dr. Subramanian Swamy and not giving him the fina...
When Foreign Organizations receive payment from India against an invoice, payer in India may deduct taxes at source (TDS). Deductor will deposit such withheld taxes directly to the Income Tax Department of India by quoting PAN Number of the Foreign Company. Subsequently, the foreign company may ...
Based on the residential status of a tax payer and the place where the income is earned, the income that is included in the total income is as under : Residential Status Nature of Income Resident All income whether earned in India or outside India Not Ordinarily All incomes: – Resident ea...
Tax and Regulatory Services Challenging Agenda* 09India Budget *connectedthinking PricewaterhouseCoopers has taken all reasonable steps to ensure that the information contained herein has been obtained from reliable sources and that this publication is accurate and authoritative in all respects. However,...
Double taxation has been defined as "the imposition of comparable taxes in two (or more) states on the same tax payer in respect of the same subject matter and for identical periods".21 For these reasons, it becomes essential to use and to ensure that the taxpayer is entitled to the ...
payer (whether resident or non-resident) are taxable in India as royalties under the domestic tax law and are subject to withholding tax at the rate of 10% (plus applicable surcharge and cess) on a gross basis. Availability of DTAA benefits will be subject to the general anti-avoidance ...
(c) Government takes money from tax payers and hence it is the responsibility of government only. (d) Private sector need not have any social responsibility. Q57. The portfolio composition of the government refers to (a) Public sector assets quality. ...
Displays the tax payer identification number recorded in VAT TIN field of Company VAT Details screen. Period From Displays the date recorded in the From field of the Change Period screen of Form VAT 10 report. It is the starting date of the quarter for which the Form VAT 10 is being ...