Tag: taxation
Goods and Service Tax
What is GST?
Goods & Service Tax: The Constitution Amendment Bill for Goods & Service Tax (GST) has been approved by The President of India...
What is Capital Gains Tax and how to avoid it?
Capital gains tax is a tax that the government levies on the sale of a capital asset. In this article, we break down the...
Best Way of Tax Planning for Indians
TAX PLANNING FOR INDIANS
One of the richest people of our times Warren Buffet says, “Never depend on a single income. Make investment to create...
Capital Gains Tax in India
In India, the Total Income of a person is divided into five heads which are:
Income from Salary
Income from House Property
Income from...
How to Calculate Property Tax?
When it comes to calculation of income tax in India property is considered to be a source of income in India and that the...
Where Can I Calculate Income tax?
Calculating income tax can be hectic with a paper and pen. Large firms and corporate houses outsource the process of calculating income and tax...
Direct Tax & Indirect Tax
However, both types of taxes are important for the government as taxes include the major part of revenue for the government. Key differences between Direct Tax & Indirect Tax are: The burden of tax cannot...
What is Advance Tax?
Advance Tax means part payment of one's tax liability before the end of the fiscal year i.e. 31 March. These payments should be payed in advance...