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2017-06-06 13:08:11

Why Is Tax Compliance So Necessary For The SMEs?

Direct and indirect taxes are two distinguished tax structures prevailing in India. The Direct taxes include Wealth Tax and Income Tax while indirect taxes comprise of Excise Duties, Sales Tax, and Service Tax. However, wealth tax has been eliminated in the budget announced for the year 2015. Presently, only income tax is levied in the form of direct tax. Income tax has been a vital source to generate revenues for the Central Government of India.

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3/24/2017

What are the different approaches to record your ITR?

Salary duty is the expense which is collected on the benefit or we say pay earned amid a money related year before the years over the assessment is paid by the gauge taken from the most recent year. According to segment 139(1) of the Income Tax Act, 1961 in the nation, people whose aggregate pay amid the earlier year surpasses the most extreme sum not chargeable to duty, ought to record salary expense form (ITR). 

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12/14/2016

BRICS Nations Ready To Exchange Tax Info Automatically

On 6th December 2016, BRICS nations have pledged to share all tax information automatically and implement principles to stop cross-border tax dodging.

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Compliances

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12/2/2016

Pre-2005 Banknotes can now be exchanged only at Select offices of RBI from July 1, 2016

The Reserve Bank of India has observed that a major portion of the pre-2005 banknotes have been withdrawn from circulation and only a small percentage of these notes remains in circulation. On a review, therefore, the Reserve Bank has decided that from July 01, 2016 the facility of exchanging the pre-2005 banknotes will be available only at the following offices of the Reserve Bank of India:

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