what is tax law has already been given in the section above, and now, this section is going to offer information about types of direct and indirect taxes in India, and our well-rounded services to individuals and entities engaged in all economic sectors in all around India. Ours well-...
It has broadened the tax base, as 27 lakh new registered entries were seen in the formal sector. It will increase the revenue in the long run and thus address the problem of fiscal deficit. The number of returns filed with this new taxation regime is less as compared to earlier. Also, ...
Value-added tax (VAT):VAT is a type of indirect tax that applies to physical goods or services. It’s called “value-added tax” because it’s charged whenever value is added to the product throughout the supply chain, from production to the point of sale. VAT is commonly found in Eur...
India is fiscally constrained; its direct and indirect tax collection is about half the OECD average of GDP (34 percent) for the federal and states combined. The combined fiscal deficit of federal and state governments is about 6-7 percent of GDP—and that doesn’t include numerous off-balanc...
We are Providing Bookkeeping, Payroll, Staffing Services, Taxation, Setting up Business in India, Cloud Accounting, Direct & Indirect Tax, NRI Advisory, and other Consulting Services. Read More Why choose us? Ability to Provide high quality & useful advice to clients is entirely driven by the ...
We are Providing Bookkeeping, Payroll, Staffing Services, Taxation, Setting up Business in India, Cloud Accounting, Direct & Indirect Tax, NRI Advisory, and other Consulting Services. Read More Why choose us? Ability to Provide high quality & useful advice to clients is entirely driven by the ...
We have always seen this word VAT mentioned in our bills when we purchase a consumer durable or service. So what does this exactly mean? VAT simply means Value Added Tax. This article explains Direct and Indirect Tax, What is VAT, VAT implementation in India. ...
Financial dimensions for India You can define unlimited financial dimensions and use those financial dimensions as account segments in the chart of accounts. You can define financial dimensions for tax ledger groups, direct and indirect tax inquiries, EXIM incentive schemes, and stock transfers. EXIM ...
The amount of the indirect tax credit in relation to the income taxes paid by a foreign subsidiary is calculated according to the formula, foreign income tax multiplied by the amount of dividend that is divided over total income less foreign income tax.Takisaki...
Managerial accounting, also known as management accounting, is abranch of accounting that focuses on providing financial data and analysis to internal users, such as managers, executives, and decision-makers in a company. Managerial accounting encompasses various aspects, including budgeting, cost account...