Taxation plays a vital role in the economy and makes a significant contribution to it. In India, the tax structure encompasses different types of taxes and duties like excise duty. To streamline the process of paying taxes and claiming returns, it is essential for individuals whose income comes under a taxable bracket to become familiar with […]
Composition Scheme acts as an alternative method for levying a tax under GST. Small businesses registered under the GST composition scheme can pay GST at a fixed rate of turnover every quarter and file quarterly GST returns. Composition levy would be generally related to small taxpayers who are supplying goods and services or both to
The full form of TAN is Tax Deduction or Collection Account Number. Every person liable to deduct TDS or TCS must apply for TAN. As per section 203A, this 10-digit alphanumeric number must be quoted when you become liable to either Deduct or Collect tax (i.e., liable to deduct TDS or collect TCS), make payment
The Voter ID, or Voter Card or Electors Photo Identity Card (EPIC) is a very important document to have in the largest democracy of the world. One of the fundamental rights guaranteed by democracy is the right to vote. This right can be exercised through the Voter ID. The inception of Voter ID goes right
Aadhaar Card acts as proof of identity and proof of address. It is also important to avail various government-aided subsidies, opening a bank account, investing in fixed deposit, mutual funds, etc. However, it is imperative that you must not lose your Aadhaar card, but in case of loss or misplacement of Aadhaar card, you can get
Overview of the Scheme Name of Scheme Rajasthan Chief Minister Kisan Samman Nidhi Scheme. Launch Year 2024 Benefits Financial Assistance of Rs 2,000/- Beneficiary State Farmers. Nodal Department Rajasthan Progressive Cooperatives Department Introduction Rajasthan Chief Minister Bhajan Lal Sharma has announced a new scheme known as, ‘Rajasthan Mukhyamantri Kisan Samman Nidhi Yojana’. Under the scheme
Trademarks are special unique signs that are used to identify goods or services from a certain company. They can be designs, pictures, signs or even expressions. It is important because it differentiates your products from the competitions. It can be associated with your brand or product. Trademarks are classified as intellectual property and therefore is protected from infringement. Trademarks and its
RoDTEP full form is Remission of Duties and Taxes on Exported Products. It was announced in 2019 and launched on 1st January 2021 by the Ministry of Commerce and Industry. Under this scheme, the exports will get the refund of embedded central, state, and local duties or taxes that were not rebated or refunded yet.
There are certain legal documents that indicate the ownership of the property distinctly, and they can be obtained by paying the stamp duty and registration charges on the property in Chennai. Simply put, stamp duty is a property tax of sorts, which is to be paid in full by the buyer in the specified time. It is like the Advance
Goods and Services Tax (GST) in India: Revolutionizing Taxation for a Digital Economy India’s Goods and Services Tax (GST), implemented in 2017, stands as one of the most ambitious fiscal reforms in the nation’s history. Designed to unify a fragmented tax system, GST has evolved into a cornerstone of economic transparency, compliance, and growth. As
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