What is Securities Transaction Tax?
Securities Transaction Tax Transactions in equity shares, derivatives and units of equity-oriented funds entered in a recognized stock exchange attract Securities Transaction Tax at the...
Securities Transaction Tax Transactions in equity shares, derivatives and units of equity-oriented funds entered in a recognized stock exchange attract Securities Transaction Tax at the...
SOME OF THE BASIC DEFINITIONS IN DIRECT INDIRECT TAX 1. Person 2(31) Person includes : a) individual b) Company c) Hindu undivided family d) Body...
Principles of VAT As and when VAT is introduced, there will not be any taxes such as sales tax octroi etc. the introduction of...
Specific / notified special allowances [Sec. 10(14)] A) Allowances which are exempt to the extent of : Actual amount received or the amount spent for...
Scope of levy of service tax Section 66 of chapter V of Finance Act 1994 provides for levy of tax on value of taxable services....
X submits the following details of his income from various heads during A.Y. 2012- 13 as follows: Income from House Property ` 36,000 Income from...
Sales Tax/VAT Sales tax is levied on the sale of movable goods. Most of the Indian States have replaced Sales tax with a new Value...
Service Tax is essentially an indirect tax. Individuals are required to pay the Service Tax only once in a quarter. Companies can pay Service Tax...
Tax on sale of goods is an indirect tax. The law relating to tax on sale of goods in the state of maharashtra is contained...
MODVAT (modified value added tax) Introduction MODVAT—modified value added tax is a concept in central excise law introduced with effect from 1-3-86 and has...