Every salaried individual, working and earning a monthly income, is liable to pay a certain part of his/her earnings to the respective state governments in the form of professional tax. This tax, often referred to as P tax, is reflected in an individual’s salary slip as well. An employer directly deducts this tax amount from […]
Insertion of new sections 3B and 3C. In the Central Excise Act, after section 3A, the following sections shall be inserted, namely:— ”3B. Emergency power of Central Government to increase duty of excise.— (1) Where, in respect of any goods, the Central Government is satisfied that the duty leviable thereon under section 3 should be increased
State Bank of India (SBI), Indian multinational public sector bank, that offers multiple banking products including a range of debit cards for the ease of online and offline transactions. Customers can apply for a new SBI debit card by applying for it through either online or offline mode and SBI would send the card to the customer
UCO Bank Account provides a full-service banking experience, including internet banking, the ability to manage account balances, a Visa Debit Card, a zero balance account, simplified KYC criteria, and much more. The savings bank (SB) account is open to minors over the age of 10 and adults over the age of 18. In addition to
Amendment of section 3A In the Central Excise Act, in section 3A, in Explanation 1, for the words and figures, “First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)”, the words ”Fourth Schedule” shall be substituted. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing |
Every earning individual in India is required to pay income tax based on the various slab rates. Similarly, when individuals buy products or use services, they must pay tax on those purchases or services. It is at this point that the necessity to grasp various sorts of taxes and their distinctions arises. What is Direct
Price sensitivity is the degree to which the price of a product affects consumers’ purchasing behaviors. Generally speaking, it’s how demand changes with the change in the cost of products. In economics, price sensitivity is commonly measured using the price elasticity of demand, or the measure of the change in demand based on its price change. For example,
Substitution of new section for section 3 In the Central Excise Act, for section 3, the following section shall be substituted, namely:— “3. Duty specified in the Fourth Schedule to be levied.— (1) There shall be levied and collected in such manner as may be prescribed a duty of excise to be called the Central Value
Amendment of section 2 In the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the Central Excise Act), in section 2,— (a) in clause (d), for the words and figures “the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)”, the words “the Fourth
Amendment of section 3 In the Customs Tariff Act, 1975 (51 of 1975), in section 3,— (a) in sub-section (2), — (i) in clause (ii), for item (a), the following item shall be substituted, namely:— “(a) the duty referred to in sub-sections (1), (3), (5), (7) and (9);”; (ii) in
CA Bhuvnesh Kumar Goyal
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