Relief from Indirect taxes to Food Processing Industries India holds tremendous potential to grow in food sector. Study has shown that India is highest producer of milk, second largest producer of fruits & vegetables, third largest producer of food grains & fish & has the largest livestock population.
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Tax on Sale of Immovable Property by Non-residents Here is the few words which you want to know about taxation of Sale of Immovable Property by Non-residents Ques 1: At what rate TDS is to be deducted at the time of purchasing a property in India from a non-resident? Is it 1% as stated in […]
International Computation and Disclosure Standards (ICDS) In 2010, when Ministry of Corporate Affairs (MCA) had announced converging Indian financial reporting with IFRS in a phased manner, one of the biggest challenges faced by corporate sector was how this change in financial reporting would impact taxable income, as many Companies would report using Indian-Accounting Standards (Ind-AS) […]
PAN is compulsory for some specified transactions The Government in its commitment to curb the circulation of black money and widening of tax base has made quoting of PAN compulsory for specified transactions.. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent […]
How Tax Helps Us in Our Daily Life? Taxes help the government in earning an income which is used in a lot of projects that will also help the government in developing the economy for its country and for its people.In India, the taxes are decided by the central government and the state governments along […]