The concept of Income Tax System in India

What is Income Tax?

In India, two types of tax are presently executed. These are: When a tax is paid on the income absolutely to the government, then such a tax is referred as Direct Tax. However, the tax imposed on eateries, theatres, e-commerce websites and more, along with the goods and service they provide is referred as an indirect tax. Thereafter, …

All that you need to know about Nidhi Company

What is Nidhi Company?

As per the Companies Act, 2005, when a company is duly recognized then it is referred as Nidhi Company. In case of such companies, the transactions can be conducted with the members only. As far as borrowing and lending of money are concerned, it can be done with the members. The capital accumulated for a Nidhi …

23rd GST Council Meeting – Modification in GST Return Due Date

On 10th November 2017, the 23rd GST Council Meeting was organized. There were a variety of procedures introduced to enhance the compliance as well as diminish the liability of taxpayers. GST allowed a number of small businesses to register under this format as well as pay GST at an absolute rate. Furthermore, entities can file basic periodical GST returns …

Copyright registration and its benefits

Introduction

The Copyright Act, 1957, accompanied by the Copyright Rules, 1958, is the prevailing regulation for cop . The laws dictated by the Copyright Act enables the creation of property rights for innovative and intellectual content. It serves to protect the official rights of the innovator and safeguards his or her work by averting further imitation of that work. The existing copyright laws safeguard a …

What is 26AS-Learn to download it through TRACES Website

What is Form 26 AS?

Form 26 AS is detailed document providing information about the tax withhold on an individual’s revenue by the deductors. All the information about the tax accumulated by the collectors is present there. Furthermore, details about the early payment of tax paid by the taxpayer can be found as well. The self- evaluation of tax payments and …