Person Responsible to Deduct Tax: All assesses who are employers. Category of Payee: Employees having taxable salary, including non-residential employees. Rate of Deduction of Tax: Rates of as applicable to the individuals. Time For Deduction of Tax: At the time of payment i.e., as and when salary is paid and not when it is due. […]
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1. Registration Every dealer whose turnover is more than Rs.40 lakhs in last 12 months or more than Rs. 10 lakhs in last 3 months. For dealers whose turnover is less than Rs. 40 lakhs and above Rs. 5 lakhs in the last 12 months no fresh registration is required, existing APGST number will apply. […]
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I am herewith presenting some of my personal views to be discussed with regarding the proposed Company Law. I. Company Law: The Proposed Company Law has to consider the following issues: 1. Face Value of Shares: There should be uniformity face value of forms @ Rs.10/- each and should not have any other face values […]
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The Department Is More And More Depending Upon Tcs, And Tds To Collect The Taxes In Advance From The Duductors, Payers Of Income. This Step Will Reduce Tax Avoidance By The Income Earners. Also This Step Is Acting As Safety Against Loss Of Revenue. Tds, Tcs Constitutes More Than 40%Of Total Tax Collections Of The […]
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