What is new Income tax Slab for AY 2020-21?
-> Under existing regime the taxpayers (Individuals and HUF) were taxed @20% with taxable income in the range of Rs 5 lakh to Rs 10 lakh....
The year 2019 has been a very significant one to the taxation regime as the government has introduced various revolutionary changes in the laws and rules and regulations.
The contribution of the...
PM Narendra Modi may have shocked the nation with his 8 PM, 8 Nov 2016 announcement , but the Prime Minister’s move was not a step which was not known or never done before. India has...
The FM has announced New Income Tax Slab for AY 2020-21 giving taxpayers an option to pay taxes as per the new tax slabs.
Income Tax Slab for A.Y 2020-21 and 2021-22 for Individuals/HUF
New...
Let’s starts with an example. {Don’t be sentimental, please take it as an example only}
When my grandfather went to the market to buy something, most of the FMCG products were available from Hindustan Unilever....
Introduction
Under the current GST Law, remuneration given to a Director (by whatever
name given) is a taxable service chargeable under Reverse Charge Mechanism
(‘RCM’) for levy of GST1.
On the other hand, an employee performing his...
Rule 89(4)
In the case of zero-rated supply of goods or services or
both without payment of tax under bond or letter of undertaking in accordance
with the provisions of sub-section (3) of section 16 of...
“Question: Hey! What is your Tax History?
Are you compliant and paying Income tax properly??
Tax Payers (before): I do pay taxes regularly, but I
need to check with my accountant whether there are any defaults with...