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Income Tax - Statutory Laws

All about income tax, statutory laws etc.

Tax Deduct at Source (TDS)

Procedure for TDS in Tally ERP 9: In Tally ERP 9, We can make account for expenses to imply TDS with the help of Payment Voucher, Journal Voucher or Purchase Voucher, as required. TDS is very easy in Tally, for that TDS takes one time configuration in Tally ERP 9.   Let us Understand through...

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Overview of Goods and Services Tax (GST)

Formal Information of Goods and Service Tax (GST)

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Master Direction - Liberalised Remittance Scheme (LRS)

How Much Dollar or Foriegn Fund Can we Invest in other Countries ? Well government through 'Liberalised Remittance Scheme' has given directions how much dollar you can invest in foriegn currency. That means it can be in USA Dollars or Euros or in Pounds. Master Direction This Master Direction...

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Cost Inflation Index

Cost inflation Index is a term that comes into play when we talk about long-term capital gains. This index is fixed and is declared every year by the government. For calculating capital gains on long-term assets, indexation is used.

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Capital Gain Informations

There are two types of Capital Gain. Short Term Capital Gain : Any capital asset held by the taxpayer for a period of not more than 36 months immediately preceding the date of its transfer will be treated as short-term capital asset. Long Term Capital Gain : Any capital asset held by the taxpayer...

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Sources of Relevant Information of Service Tax

* WWW.CBEC.GOV.IN Good Site For Central Board of Excise and Custom Giving Notifications and Circulars and General Information of Excise, Customs law and Service Tax Law for Income Tax in India . * WWW.ACES.GOV.IN This site is good to see for Recent updates and Circulars and notification for Service...

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